Connor Clark & Lunn has announced:
that its shareholders have approved a proposal to change the redemption date of the Preferred Shares from March 23, 2012 to December 22, 2009 (the “Proposal”). As a result of the Proposal, Shareholders will have their Preferred Shares redeemed by the Company on December 22, 2009 and will be paid the net asset value redemption price per Preferred Share as of December 18, 2009 plus a redemption premium of $1.00 per Preferred Share.
Trading of the Preferred Shares will be halted at the opening of market on December 22, 2009 and the Preferred Shares will be delisted at the close of business on that day.
The redemption price was $6.55 including the $1 premium to NAV, on shares with a $25.00 par value.
RPB.PR.A was last discussed on PrefBlog at the time of the release of the Information Circular.
The issue was not tracked by HIMIPref™.
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