{"id":15229,"date":"2011-06-01T21:33:32","date_gmt":"2011-06-02T01:33:32","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=15229"},"modified":"2011-06-01T21:33:32","modified_gmt":"2011-06-02T01:33:32","slug":"asc-pr-a-squeaks-out-default-avoidance","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=15229","title":{"rendered":"ASC.PR.A Squeaks Out Default Avoidance"},"content":{"rendered":"

Manulife Investments \/ Manulife Financial has issued a press release<\/a>:<\/p>\n

AIC Global Financial Split Corp. (TSX: ASC\/ASC.PR.A) (the “Corporation”) today announced that the Corporation completed the redemption of all of its outstanding Preferred Shares and Class A Shares and terminated on May 31, 2011 (the “Termination Date”), as contemplated by the constating documents of the Corporation. In connection therewith, the Corporation redeemed each Class A Share for $.0643 per share. Preferred Shares were redeemed for $10.00 per share plus any accrued dividends. The redemption proceeds will be paid by the Corporation on or about June 6, 2011 through CDS Clearing and Depository Services Inc.<\/p><\/blockquote>\n

ASC.PR.A was last mentioned on PrefBlog in the post ASC.PR.A Holders to Get Partial Dividend on Redemption<\/a>. Preferred shareholders were victorious in the shareholder vote<\/a>, despite a recommendation by the directors of the firm:<\/p>\n