NEW.PR.C Warrant Offering Completely Subscribed

NewGrowth Corp. has announced:

the closing of its warrant offering. The gross proceeds of the offering totaled $91.5 million, representing 100% of the maximum available subscription amount.

The net proceeds of the offering will be invested in accordance with the investment objectives of the Company.

NewGrowth Corp. is a mutual fund corporation whose investment portfolio consists of publicly-listed securities of selected Canadian chartered banks, telecommunication, pipeline and utility issuers. The Capital Shares and Preferred Shares of NewGrowth Corp. are all listed for trading on The Toronto Stock Exchange under the symbols NEW.A and NEW.PR.C respectively.

NEW.PR.C was last mentioned on PrefBlog when it was added to the HIMIPref™ database. It is currently assigned to the SplitShares index.

This entry was posted on Tuesday, April 5th, 2011 at 5:05 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 “NEW.PR.C Warrant Offering Completely Subscribed”

  1. NEW.PR.C: Partial Call for Redemption « PrefBlog says:
    June 13, 2011 at 10:18 pm

    […] It was only two months ago that their warrant offering was completely subscribed and only three months ago that I was so pleased with the growth in shares outstanding that I added […]

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