Note 10 - Income Per Common Share

3 Months Ended

Jan. 31, 2022

Statement Line Items [Line Items]

Disclosure of earnings per share [text block]

10.         Income per common share:   

(thousands of Canadian dollars)
	for the three months ended
	January 31			January 31
	2022			2021
Net income	$	5,566		$	5,290
Less: dividends on preferred shares		(247	)		(542	)
		5,319			4,748
Average number of common shares outstanding		27,441,082			21,123,559
Income per common share:	$	0.19		$	0.22

The Series 1 NVCC preferred shares are contingently issuable shares and would only have a dilutive impact upon issuance.