CWB announces normal course issuer bid for preferred shares

EDMONTON, Feb. 27, 2013 /CNW/ - Canadian Western Bank (the "Bank") today 
announced the Toronto Stock Exchange (TSX) and the Office of the 
Superintendent of Financial Institutions Canada (OSFI) have approved the 
Bank's normal course issuer bid (NCIB) to purchase, for cancelation, up to 
826,120 Non-Cumulative 5-Year Rate Reset Preferred Shares Series 3 ("preferred 
shares"). The number of preferred shares to be purchased under the NCIB 
represents approximately 10% of the 8,390,000 preferred shares issued and 
outstanding as at February 27, 2013. 
Purchases under the NCIB may begin on March 1, 2013 and will end no later than 
February 28, 2014. The price paid for any preferred shares purchased will be 
the market price of such shares on the TSX at the time of acquisition. 
Purchases will be effected through the facilities of the TSX and all preferred 
shares purchased pursuant to the NCIB will be canceled. Apart from block 
purchase exceptions, the maximum number of preferred shares that may purchased 
per trading day is 1,538, an amount equal to 25% of the average daily trading 
volume of the preferred shares on the TSX for the six month period ended 
January 31, 2013. 
Management believes the purchase of preferred shares below a certain price 
threshold represents an appropriate use of available funds and is also 
consistent with strategies to enhance shareholder value while ensuring the 
Bank maintains its solid regulatory capital position. 
About Canadian Western Bank Group
Canadian Western Bank offers highly personalized service through 41 branch 
locations and is the largest publicly traded Canadian bank headquartered in 
Western Canada. The Bank specializes in mid-market commercial lending and 
offers a full complement of personal banking services. The Bank, along with 
its operating affiliates, National Leasing Group Inc., Canadian Western Trust 
Company, Valiant Trust Company, Canadian Direct Insurance Incorporated, Adroit 
Investment Management Ltd. and Canadian Western Financial Ltd., collectively 
offer a diversified range of financial services across Canada and are together 
known as Canadian Western Bank Group. The common shares of Canadian Western 
Bank are listed on the Toronto Stock Exchange under the trading symbol "CWB". 
The Bank's Series 3 Preferred Shares trade on the Toronto Stock Exchange under 
the trading symbol "CWB.PR.A". Refer to for additional 
Kirby Hill, CFA Director, Strategy & Communications Canadian Western Bank 
Phone: (780) 441-3770 
Tracey Ball, FCA Executive Vice President & CFO Canadian Western Bank Phone: 
(780) 423-8865 
SOURCE: Canadian Western Bank 
To view this news release in HTML formatting, please use the following URL: 
CO: Canadian Western Bank
ST: Alberta
-0- Feb/27/2013 19:33 GMT
Press spacebar to pause and continue. Press esc to stop.