By Robb M. Stewart
Canada’s EQB has Toronto Stock Exchange approval for a buyback program for up to about 3.7% of its public float of common shares and 10% of its preferred shares over a one-year period.
The owner of Equitable Bank, Canada’s seventh largest bank by assets, said Wednesday it has approval to renew a normal course issuer bid for up to 1.2 million of its shares and 290,512 of its series 3 non-cumulative five-year rate reset preferred shares. Buybacks can begin Friday and continue until Jan. 4, 2025.
No shares were bought under EQB’s previous normal course issuer bid.
Write to Robb M. Stewart at robb.stewart@wsj.com
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