IGM.PR.A to be Redeemed

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.

2 Responses to “IGM.PR.A to be Redeemed”

  1. […] Called for redemption. YTW SCENARIO Maturity Type : Call Maturity Date : 2010-07-30 Maturity Price : 25.67 Evaluated at bid price : 25.98 Bid-YTW : 3.31 % […]

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