DBRS Correction: Canadian Banks’ Preferred Shares and Tier 1 Innovative Instruments UR-Neg.

In the DBRS press release published yesterday announcing that the preferred shares and Tier 1 innovative instruments ratings of all the Canadian banks that DBRS rates had been placed Under Review with Negative Implications, the HSBC Canada Asset Trust Securities (HSBC HaTS) (no guarantee) issued by HSBC Canada Asset Trust should also have appeared in the rating table.

There were no changes to the text of the press release, but the corrected rating table appears below and the full press release is available at www.dbrs.com.