PrefBlog

Charterhouse Preferred Share Index Corporation has announced:

The Company has previously announced that it will hold a special meeting of its preferred shareholders on August 11, 2008. At the meeting, shareholders
will be asked to consider:

<< 1. Approving the merger of the Company into Fairway Diversified Income and Growth Trust; and 2. Approving an amendment to the articles of incorporation of the Company to permit the Company to redeem all outstanding Shares prior to the scheduled redemption date if so determined by the board of directors of the Company to be in the best interest of the Shareholders.

Well, I must say that I hadn’t heard the previous announcement. Their wire service hasn’t either … but there is a press release on their website.

The fund was last mentioned on PrefBlog in connection with their normal course issuer bid.

An early mention was in an article comparing the effects of calls on preferred share closed end funds … from back in the days when many perpetuals were expected to be called!

This entry was posted on Wednesday, July 16th, 2008 at 6:08 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.