TORONTO, Dec. 27, 2017 /CNW/ - Equitable Group Inc.
(TSX: EQB and EQB.PR.C) ("Equitable" or the "Company") announced
today that it has filed a preliminary short form base shelf
prospectus (the "Prospectus") with the securities regulatory
authorities in each of the provinces and territories of
Canada. Pursuant to the
Prospectus, the Company may issue securities (the "Securities") for
an aggregate offering amount of up to $500
million during the 25-month period in which the final short
form base shelf prospectus, if approved, remains valid. Should
Equitable offer any Securities, it will make available a prospectus
supplement which includes the specific terms of the Securities
being offered. The Company filed the Prospectus to give it
flexibility to take advantage of financing opportunities as it sees
fit, subject to market conditions and other relevant factors. There
is no certainty that any Securities will be offered or sold under
the final short form base shelf prospectus within the 25-month
period.
ABOUT EQUITABLE GROUP INC.
Equitable Group Inc. is a growing Canadian financial services
business that operates through its wholly-owned subsidiary,
Equitable Bank. Equitable Bank, Canada's Challenger Bank, is the country's
ninth largest independent Schedule I bank and offers a diverse
suite of residential lending, commercial lending and savings
solutions to Canadians. Through its proven branchless approach and
customer service focus, Equitable Bank has grown to over
$24 billion of Assets Under
Management. EQ Bank, the digital banking arm of Equitable
Bank, provides state-of-the-art digital banking services to more
than 43,000 Canadians. Equitable Bank employs nearly 600 dedicated
professionals across the country, and is a 2018 recipient of
Canada's Best Employer Platinum
Award, the highest bestowed by AON. For more information about
Equitable Bank and its products, please visit equitablebank.ca.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" within
the meaning of applicable Canadian securities legislation.
Generally, forward-looking statements can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "planned",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", "believes", or variations of such words and phrases or
state that certain actions, events or results "may" ,"could",
"would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, closing of transactions, performance or
achievements of Equitable to be materially different from those
expressed or implied by such forward-looking statements, including
but not limited to: risks related to capital markets and additional
funding requirements, fluctuating interest rates and general
economic conditions, legislative and regulatory developments, the
nature of our customers and rates of default, and competition as
well as those factors discussed in Equitable's documents filed on
SEDAR (www.sedar.com). Although Equitable has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking statements,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Equitable does not
undertake to update any forward-looking statements that are
contained herein, except in accordance with applicable securities
laws. Further information on Equitable is available at
www.sedar.com.
SOURCE Equitable Group Inc.