PrefBlog

Sixty-Split Corporation has announced:

it has called 181,733 Preferred Shares for cash redemption on March 14, 2008 (in accordance with the Company’s Articles) representing approximately 20.257% of the outstanding Preferred Shares as a result of the special annual retraction of 363,490 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 March 13, 2008 will have approximately 20.257% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $25.00 per share.

Holders of Preferred Shares that are on record for dividends but have been called for redemption will be entitled to receive dividends thereon which have been declared but remain unpaid up to but not including March 14, 2008.

Payment of the amount due to holders of Preferred Shares will be made by the Company on March 14, 2008. From and after March 14, 2008 the holders of Preferred Shares that have been called for redemption will not be entitled to dividends or to exercise any right in respect of such shares except to receive the amount due on redemption.

SXT.PR.A is tracked by HIMIPref™ but is not currently included in the HIMIPref™ Indices due to low averageTradingValue. It was last moved to “Scraps” on the March 30, 2007 Rebalancing. 

This entry was posted on Monday, March 3rd, 2008 at 7:02 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.