CPE News (3.8.2024) Canaccord Genuity Group Inc. (TSX: CF) has entered into a binding agreement with two institutional investors to issue convertible unsecured senior subordinated debentures by way of non-brokered private placement for gross proceeds of $110 million.The closing of the private placement is expected to occur on or about March 15, 2024.Canaccord Genuity Group will use approximately $80 million of the proceeds to provide an interest-bearing loan to an independent, limited partnership to be owned by certain employees. Ltd. (Holdco) and certain of the senior officers and employees (Co-Offerors), including Dan Daviau, President & CEO, (together Offerors) terminated its co-bidding agreement to acquire all of the issued and outstanding common shares of Canaccord Genuity Group.Immediately prior to the termination of the agreement, the Offerors collectively owned, directly or indirectly, or exercised control or direction over an aggregate of 21,138,039 common shares and 10,562,339 Share-Settled Equity Awards, which represented approximately 21.2% of the issued and outstanding Common Shares (or approximately 30.3% on a partially-diluted basis assuming the vesting and settlement of such Share-Settled Equity Awards). ANNOUNCES AGREEMENT TO ISSUE $110 MILLION OF CONVERTIBLE UNSECURED SENIOR SUBORDINATED DEBENTURES BY WAY OF PRIVATE PLACEMENTCreation of an independently governed, employee-owned limited partnership with meaningful share ownership aligning long-term interests with the Company and its shareholders. Employee-owned limited partnership buying approximately 10 million shares (9.7%) of the Company.TORONTO, March 7, 2024- Canaccord Genuity Group Inc. (TSX:CF) (the Company) is pleased to announce that it has entered into a binding agreement to issue convertible unsecured senior subordinated debentures (the Debentures) by way of non-brokered private placement to two institutional investors (Investors) for gross proceeds of $110 million (the Private Placement). The remaining proceeds of the Private Placement will be deployed within the business to support ongoing growth priorities.The proceeds of this Private Placement will be used to support our strategic objective of ensuring Canaccord Genuity is set-up for long term success by increasing and diversifying the equity ownership of the Company, while retaining and attracting exceptional performers, in direct alignment with our shareholders priorities, said Dan Daviau, President & CEO of Canaccord Genuity Group Inc. Our colleagues are at the very core of our ability to deliver for our clients.