PrefBlog

DundeeWealth Inc. has announced:

that at a special meeting of shareholders of DundeeWealth held earlier today, its shareholders approved a special resolution authorizing an amendment to the Company’s articles to permit the Company to redeem all of the issued and outstanding first preference shares, series 1 (the “Series 1 Shares”) at a price of $26.50 plus accrued and unpaid dividends up to but excluding the redemption date. Of the 2,795,594 votes cast by the holders of Series 1 Shares at the meeting, 99.65% voted in favour of the special resolution. All of the common shares, special shares, series C and first preference shares, series X were voted in favour of the special resolution. On September 8, 2011, the Series 1 Shares will be redeemed by the Company and delisted from trading on the Toronto Stock Exchange.

The potential for redemption was discussed on PrefBlog when the Special Meeting was announced.

DW.PR.A was tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.

This entry was posted on Wednesday, September 7th, 2011 at 10:06 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.