WFS.PR.A Warrant Offering 10% Subscribed

Mulvihill has announced 898,716 warrants for full units of World Financial Split Corp. were exercised. Issuance was 8,557,010, hence: 10%.

The 900,000-odd new shares added to the 8.6-million old ones should increase the liquidity of WFS.PR.A; it’s a shame about the credit quality.

WFS.PR.A was last mentioned on PrefBlog when it was upgraded to Pfd-4(high) by DBRS. WFS.PR.A is tracked by HIMIPref™, but is relegated to the Scraps index on credit concerns.

This entry was posted on Monday, April 12th, 2010 at 7:57 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.

One Response to “WFS.PR.A Warrant Offering 10% Subscribed”

  1. WFS.PR.A: Warrants for Capital Unitholders « PrefBlog says:
    July 15, 2010 at 11:32 pm

    […] was last mentioned on PrefBlog when it’s last warrant offering was 10% subscribed. WFS.PR.A is tracked by HIMIPref™, but is relegated to the Scraps index on credit […]

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