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.
[…] 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 […]