CGI.PR.D Closes at Solid Premium on Excellent Volume

Morgan Meighen & Associates has announced:

that it has completed its public offering of $75,000,000 (3,000,000 shares), 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 (TSX symbol: CGI.PR.D).

The net proceeds of this offering will be used, together with available cash, to repay a short-term loan used to fund the previously announced redemption of its $75,000,000, 4.65% Cumulative Redeemable Class A Preference Shares, Series 2 (TSX symbol: CGI.PR.B), which was completed on May 29, 2013 for an aggregate amount of $75,716,610 (including accrued and unpaid dividends from March 15, 2013 to May 28, 2013). This redemption was in accordance with the terms of the governing short form prospectus.

CGI.PR.D is a SplitShare, 10-Year Retractible, 3.75%, announced April 29. The issue will be tracked by HIMIPref™ and is assigned to the SplitShares subindex.

CGI.PR.D traded 435,750 shares today in a range of 25.20-30 before closing at 25.25-35, 76×30. Vital statistics are:

CGI.PR.D SplitShare YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2023-06-14
Maturity Price : 25.00
Evaluated at bid price : 25.25
Bid-YTW : 3.65 %

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