Garbell Holdings has announced:
that on December 10, 2008 it will redeem all of its 10.5% cumulative redeemable first preference shares for a price per share of $5.2326 comprised of the redemption price of $5.00 per share and accrued and unpaid dividends to the date of redemption of $0.2326 per share. A deemed dividend per share equal to the amount of the accrued and unpaid dividends per share to December 10, 2008 will arise on the redemption. The deemed dividend will qualify as an “eligible dividend” under the Income Tax Act (Canada). Upon the redemption of the shares, which are its only stock exchange-listed securities, Garbell will relinquish its stock exchange listing. Garbell also will be seeking the necessary regulatory approvals to discontinue financial and other public company reporting.
GBH.PR.A is not tracked by HIMIPref™.
This entry was posted on Monday, November 10th, 2008 at 7:08 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.
GBH.PR.A to be Redeemed
Garbell Holdings has announced:
GBH.PR.A is not tracked by HIMIPref™.
This entry was posted on Monday, November 10th, 2008 at 7:08 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.