PrefBlog

BMONT Split Corp. has announced:

that it has called 10,133 Preferred Shares for cash redemption on August 5, 2008 (in accordance with the Company’s Articles) representing approximately 3.311% of the outstanding Preferred Shares as a result of the special annual retraction of 38,400 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 August 1, 2008 will have approximately 3.311% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $27.45 per share.

BMT.PR.A was confirmed at Pfd-2(low) by DBRS in April. Last year’s partial redemption was for 36% of the outstanding.

BMT.PR.A is tracked by HIMIPref™. It is in the “Scraps” index, due to low volume.

This entry was posted on Friday, July 18th, 2008 at 5:40 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.