Canada Gazette, Part I, Volume 153, Number 40: MISCELLANEOUS NOTICES
October 5, 2019
CITIBANK CANADA
REDUCTION OF STATED CAPITAL
As required under subsection 75(5) of the Bank Act, notice is hereby given that Citibank Canada (the “Bank”) intends to apply to the Superintendent of Financial Institutions for approval to reduce the stated capital of the common shares of the Bank in accordance with the special resolution passed by the sole shareholder of the Bank on September 24, 2019, a copy of which is set out below.
“RESOLVED AS A SPECIAL RESOLUTION THAT
- Subject to the approval of the Superintendent of Financial Institutions (Canada) pursuant to section 75 of the Bank Act (Canada), the stated capital account maintained for the common shares of Citibank Canada (the “Bank”) be reduced in accordance with section 75 of the Bank Act (Canada) by Can$550,000,000 by distributing such amount to the sole shareholder of the Bank on November 15, 2019, or such later date as is approved by the Superintendent;
- The directors and officers of the Bank are hereby authorized and directed to apply under section 75 of the Bank Act (Canada) for approval of this resolution and such reduction of stated capital; and
- Any officer or director of the Bank is authorized and directed, for and on behalf of the Bank, to execute and deliver all such documents and to do such other acts or things as may be determined to be necessary or advisable to give effect to this resolution, the execution of any such document or the doing of any such other act or thing being conclusive evidence of such determination.”
Toronto, October 5, 2019
Citibank Canada