PrefBlog

IGM Financial has announced:

that it intends to redeem all $360 million of its outstanding 5.75% First Preferred Shares, Series A on December 31, 2009

Consistent with the terms of the original offering document, the redemption price will be $26.00 for each First Preferred Share, Series A plus an amount equal to all declared and unpaid dividends, net of any tax required to be withheld by the Corporation.

A notice of the redemption of the First Preferred Shares, Series A will be sent in accordance with the rights, privileges, restrictions and conditions attached to the First Preferred Shares, Series A.

This entry was posted on Monday, November 30th, 2009 at 12:22 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.