BCX Split Corp. has announced:
The Capital Shares and Preferred Shares will be redeemed by the Company on August 5, 2008 (the “Redemption Date”) in accordance with the redemption provisions of the shares. Pursuant to these provisions, the Preferred Shares will be redeemed at a price per share equal to the lesser of $15.71 and the Net Asset Value per Unit. The Capital Shares will be redeemed at a price for every share equal to the amount by which the Net Asset Value per Unit exceeds $15.71.
No worries about the principal! Asset coverage as of July 10 was just under 2.5:1 according to Scotia Managed Companies.
BCX.PR.A was not tracked by HIMPref™
This entry was posted on Wednesday, July 16th, 2008 at 5:52 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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BCX.PR.A to be Redeemed on Schedule
BCX Split Corp. has announced:
No worries about the principal! Asset coverage as of July 10 was just under 2.5:1 according to Scotia Managed Companies.
BCX.PR.A was not tracked by HIMPref™
This entry was posted on Wednesday, July 16th, 2008 at 5:52 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.