Big 8 Split Inc. has announced:
that it has completed its public offering of 1,204,980 Class B Preferred Shares, Series 1 (“Class B Preferred Shares”) raising approximately $14.5 million. The Class B Preferred Shares were offered to the public by a syndicate of agents led by TD Securities Inc and Scotia Capital Inc., and including BMO Nesbitt Burns Inc., National Bank Financial Inc. and Dundee Securities Corporation. In addition, the Company has redeemed all of its outstanding Class A Preferred Shares and 1,052,334 of its Class A Capital Shares. Holders of 1,204,980 Class A Capital Shares did not retract their Class A Capital Shares pursuant to the special retraction right created in accordance with the capital reorganization approved by holders of the Class A Capital Shares on November 21, 2008.
The Class B Preferred Shares were offered in order to fund in part, the redemption of Class A Capital Shares tendered under the special retraction right and all of the Class A Preferred Shares and to maintain the leveraged “split share” structure of the Company.
BIG.PR.B will not be tracked by HIMIPref™ due to the issue’s small size. The issuance and related redemption of BIG.PR.A has been previously discussed on PrefBlog.
This entry was posted on Monday, December 15th, 2008 at 7:32 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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BIG.PR.B Offering Closes
Big 8 Split Inc. has announced:
BIG.PR.B will not be tracked by HIMIPref™ due to the issue’s small size. The issuance and related redemption of BIG.PR.A has been previously discussed on PrefBlog.
This entry was posted on Monday, December 15th, 2008 at 7:32 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.