Dundee Corporation has announced that it:
today completed the redemption of 458,969 first preference shares, series 5 (the “Series 5 Preferred Shares”), being all such shares tendered for redemption in accordance with the previously announced mandatory redemption provisions of the Series 5 Preferred Shares. The Series 5 Preferred Shares were redeemed at a price of $25.00 per share. Following completion of the partial redemption, a total of 3,598,203 Series 5 Preferred Shares remain issued and outstanding.
So that’s an 11% retraction compared to the theoretical maximum of 15% declared in accordance with the reorganization earlier this year. Given that it closed today at 24.50-62, the low take-up surprises me.
This entry was posted on Thursday, June 30th, 2016 at 8:55 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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DC.PR.E: 11% Retraction
Dundee Corporation has announced that it:
So that’s an 11% retraction compared to the theoretical maximum of 15% declared in accordance with the reorganization earlier this year. Given that it closed today at 24.50-62, the low take-up surprises me.
This entry was posted on Thursday, June 30th, 2016 at 8:55 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.