In al the company spent

$404.0

million in 2021 on theve initiatives, These initiatives required a multi-ytar commitment on the part of the Board of Directors as well as the senlor management of Canadian Tire. As a result, the company plans to spend the same amount in 2022 on special projects.\ The company issued 2.6 million bonds, with a face value of $1,000 each. The bonds have a coupon rate of 10.0%, were issued at par and are parable semi annually. The bonds have a 25 year maturity and were iswued six years aga. The superior credit ratings being associated with the compary have had a positive effect on the Yield-to-Maturity rates for Canadian Tire'i debe. A St,000 Canadian Tire bond bas a nominal vield to maturity of

6,00%

(an effective yield to maturity of 6.0953).\ As of December 31, 2021 the authorized capital of Canadian Tire consisted of 20 milion preferred shares issued and outshandry and 75 milion comman shares issued and outstanding. The outstanding Common Shares and Preferred Shares of CTC are listed on the Toronto Stock Exchange ("TS

x^(**)

) and are traded under the symbols CTC and CTC.A, respretively. Preferred shares traded in a relatively narrow range in 2021 closing the year at

$90.81

per share. Common shares traded in a higher range, closing 2021 at

$10085

per share.\ Canadian Ter has consistently maintained a groath in the common share dividend of

4%

per year and they anticlpate comtinuins that trend inta the future. The dividend paid at the end of 2021 was

$5.721

per shafe. The halsers of Prefertent Shares are entitled to receive a preferential non cumulative dvidend at the rate of

$1.00

every calendar quarter.\ Nate the following additional information:\ 1 Flotakion conts for the isuance of new debt would be

4:5

of proceeds. For preferred and tummen shares flatation costs represent

10%

of the issut price.\ 2 Canadian Tire has a cupurate tax rate of

30%

.\ 3 Net Earnings (after interest, taxes and preferred share dividends) are forvcasted to be

$160

million for 2022. The company has a dividend pyyout ratio of

31.25%

In af the company spent $404.0 million in 2021 on theye initiatives. These initiatives required a multi-year commitment on the part of the Board of Directors as well as the senior management of Canadian Tire. As a rewult, the company plans to spend the same amount in 2022 on spedal projects. The company issued 2.6 million bonds, with a face value of \$1,000 each. The bonds have a coupon rate of 10.0\%, were issued at par and are parable semi annually. The bonds hawe a 25 year maturity and were isyued lix years aga. The superior credit ratings being assocuted with the compary have had a posithe effect on the Yield to-Maturity rates for Canadian Tirefi debe. A St,000 Canadian Tire bond has a nominal vield to maturity of 6,00$ (an effective yield to maturity of 609% ). As of December 31, 2021 the authorized capital of Canadian Tire consisted of 20 milion preferred shares issued and outshanding and 75 milion comman shares issued and outstanding. The outstanding Common Shares and Preferred Shares of CTC are listed on the Toronto Stock Exchange ("TSX*) and are troded under the symbols CTC and CTC.a, respectively. Preferred shares traded in a relatively narrow range in 2021 closing the year at $50.81 per share. Common shares traded in a higher range, closing 2021 at $10085 per share. Canadian Tien has consistently maintained a growth in the common share dividend of 4% per year and they anticipase comtinuing that trend inco the future. The dividend paid at the end of 2021 was $5.721 per share. The halsors of Preferred Shares are entilled to receive a preferential non cumulative dvidend at the rate of $1.00 every calendar quarter. Note the following additional information: 1 Flotation couts for the issuance of new debt would be 4:8 of proceeds. Fur preferred and cummon shares flatation costs represent 10% of the iasut price. 2 Canadian Tire hasi a cupurate tax rate of 30%. 3 Net Earninus [after interest, taxes and preferred share dividends) are forv casted to be $160 million for 2022 . The company has a dividend payout ratio of 31.25%