CWB Declares Dividends
EDMONTON, ALBERTA--(Marketwired - June 1, 2017) - Canadian Western Bank (CWB) today announced that its Board
of Directors has declared a quarterly cash dividend of $0.23 per common share (TSX:CWB), payable on June 30, 2017 to shareholders
of record on June 16, 2017. This quarterly dividend is consistent with the prior quarter and the dividend declared one year ago.
The Board of Directors also declared a cash dividend of $0.275 per CWB Series 5 Preferred Share (TSX:CWB.PR.B), and a cash
dividend of $0.390625 per CWB Series 7 Preferred Share (TSX:CWB.PR.C), payable on July 31, 2017 to shareholders of record on
July 21, 2017.
In lieu of receiving their dividends in cash, holders of CWB's common and preferred shares may choose to have their dividends
reinvested in additional common shares of CWB in accordance with the Dividend Reinvestment Plan (the Plan). Under the Plan, CWB
has the discretion to either purchase the additional common shares in the open market or issue them from treasury. For the
dividends declared in May 2017, CWB has elected to issue common shares for the Plan from treasury at the Average Market Price (as
defined in the Plan).
Any registered holder of record wishing to join the Plan can obtain an Enrolment Form from Computershare (1-800-564-6253) or
in the Investor Relations section on CWB's website at www.cwb.com. Beneficial or
non-registered holders of the Bank's common shares must contact their financial institution or broker to participate.
CWB, for the purposes of the Income Tax Act, Canada and any similar provincial legislation, advises that its dividends
declared in May 2017 will be eligible dividends, unless indicated otherwise.
About CWB Financial Group
CWB Financial Group (CWB) is a diversified financial services organization serving businesses and individuals across Canada.
Operating from its headquarters in Edmonton, Alberta, CWB's key business lines include full-service business and personal banking
offered through 42 CWB branches and Internet banking services provided by Motive Financial. Highly responsive specialized
financing is delivered under the banners of CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise
Finance and CWB Optimum Mortgage. Trust Services are offered through Canadian Western Trust. Comprehensive wealth management
offerings are provided through CWB Wealth Management, which includes the businesses of McLean & Partners Wealth Management and
Canadian Western Financial. As a public company on the Toronto Stock Exchange (TSX), CWB trades under the symbols "CWB" (common
shares), "CWB.PR.B" (Series 5 Preferred Shares) and "CWB.PR.C" (Series 7 Preferred Shares). Learn more at www.cwb.com.