PrefBlog

R Split II Corp. is not part of the HIMIPref™ universe, but I’ll pass along this announcement:

R Split II Corp. (the “Company”) announced today that it has called 104,517 Preferred Shares for cash redemption on May 31, 2007 (in accordance with the Company’s Articles) representing approximately 17.927% of the outstanding Preferred Shares as a result of the special annual retraction of 281,824 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on May 30, 2007 will have approximately 17.927% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $30.50 per share.

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R Split II Corp. is a mutual fund corporation created to hold a portfolio of common shares of Royal Bank of Canada. Capital Shares and Preferred Shares of R Split II Corp. are listed for trading on The Toronto Stock Exchange under the symbols RBT and RBT.PR.A respectively.

This entry was posted on Thursday, May 17th, 2007 at 10:59 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.