(thousands of Canadian dollars)

July 31

October 31

July 31

2023

2022

Issued March 2019, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of $5.0 million, $500,000 is held by related party (note 14), effective interest rate of 10.41%, maturing March 2029.

$

4,916

$

4,908

$

4,906

Issued April 2021, unsecured, non-viability contingent capital compliant, subordinated notes payable, principal amount of US $75.0 million, effective interest rate of 5.38%, maturing
May 2031.

96,669

100,043

93,800

$

101,585

$

104,951

$

98,706