VersaBank Redeems Preferred Shares
Ticker: VBNK · Form: 6-K · Filed: Sep 25, 2024 · CIK: 1690639
| Field | Detail |
|---|---|
| Company | Versabank (VBNK) |
| Form Type | 6-K |
| Filed Date | Sep 25, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-shares, redemption, corporate-action
TL;DR
VersaBank is calling back its Series 1 Preferred Shares (NVCC) as of Sept 25, 2024.
AI Summary
On September 25, 2024, VersaBank announced the redemption of its Non-Cumulative Series 1 Preferred Shares (NVCC). This action was detailed in a press release furnished as Exhibit 99.1 to their Form 6-K filing.
Why It Matters
This redemption indicates a potential shift in VersaBank's capital structure or a move to optimize its financial obligations.
Risk Assessment
Risk Level: low — The filing is a routine announcement of a corporate action (share redemption) and does not contain significant new financial risks.
Key Players & Entities
- VersaBank (company) — Registrant
- September 25, 2024 (date) — Date of press release and redemption announcement
- Non-Cumulative Series 1 Preferred Shares (NVCC) (security) — Shares being redeemed
FAQ
What is the specific date of the redemption for the Non-Cumulative Series 1 Preferred Shares (NVCC)?
The press release announcing the redemption was issued on September 25, 2024, and this is the date associated with the redemption action.
What type of shares is VersaBank redeeming?
VersaBank is redeeming its Non-Cumulative Series 1 Preferred Shares (NVCC).
Where can I find the details of this announcement?
The details are provided in a press release furnished as Exhibit 99.1 to VersaBank's Form 6-K filing.
What is the filing form used by VersaBank for this announcement?
VersaBank is using a Form 6-K report.
What is VersaBank's principal executive office address?
VersaBank's principal executive offices are located at 140 Fullarton Street, Suite 2002, London, Ontario, N6A 5P2, Canada.
Filing Stats: 311 words · 1 min read · ~1 pages · Grade level 13.1 · Accepted 2024-09-25 07:01:22
Filing Documents
- a6-kxredemptionofseries1pr.htm (6-K) — 13KB
- series1redemptionrelease.htm (EX-99.1) — 4KB
- series1redemptionrelease001.jpg (GRAPHIC) — 214KB
- series1redemptionrelease002.jpg (GRAPHIC) — 53KB
- 0001690639-24-000044.txt ( ) — 387KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. VERSABANK Date September 25, 2024 By s Brent T. Hodge Name Brent T. Hodge Title SVP, General Counsel Corporate Secretary EXHIBIT INDEX Exhibit No. Description 99.1 Press Release dated September 25 , 2024 titled VersaBank Announces Redemption of Non-Cumulati v e Series 1 Preferred Shares .