VersaBank to redeem non-cumulative six-year rate reset preferreds

By Taylor Fox

New York, March 31 – VersaBank plans to redeem all outstanding non-cumulative six-year rate reset preferred shares, series 3 on April 30 at $10 per share together with dividends, according to a news release.

On Feb. 23, the board of directors of the bank declared quarterly dividends of $0.175 per series 3 preferred share, which will be the final dividends on the series 3 preferred shares and will be paid in the usual manner on April 30 to shareholders of record on April 2.

Computershare Investor Services Inc. is the registrar and transfer agent.

VersaBank is a Canadian schedule one chartered bank based in Ontario.

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