{"id":15282,"date":"2011-06-07T20:02:54","date_gmt":"2011-06-08T00:02:54","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=15282"},"modified":"2011-06-07T20:02:54","modified_gmt":"2011-06-08T00:02:54","slug":"abk-pr-b-warrants-40-subscribed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=15282","title":{"rendered":"ABK.PR.B Warrants 40% Subscribed"},"content":{"rendered":"<p>Allbanc Split Corp. <a href=\"http:\/\/www.scotiamanagedcompanies.com\/smc\/display_document.do?recordId=2627\">has announced<\/a>:<\/p>\n<blockquote><p>the completion of its warrant offering. The gross proceeds from the exercise of the warrants previously issued totaled $26.9 million, representing 40% of the maximum available subscription amount.<\/p>\n<p>The net proceeds from the exercise of the warrants will be invested in accordance with the investment objectives of the Company.<\/p>\n<p>AllBanc Split Corp. is a mutual fund corporation created to hold a portfolio of publicly listed common shares of selected Canadian chartered banks. Class A Capital Shares and Class B Preferred Shares of AllBanc Split Corp. are listed for trading on The Toronto Stock Exchange under the symbols ABK.A and ABK.PR.B respectively.<\/p><\/blockquote>\n<p>As <a href=\"http:\/\/www.prefblog.com\/?p=15095\">previously noted<\/a>, the warrants were significantly in-the-money, but sometimes that doesn&#8217;t mean the money comes in!<\/p>\n<p>Sadly, this leaves the preferred shares with only about $34-million worth outstanding &#8230; getting up there, but still a little on the small side to be included in the HIMIPref&trade; universe. Maybe next time!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allbanc Split Corp. has announced: the completion of its warrant offering. The gross proceeds from the exercise of the warrants previously issued totaled $26.9 million, representing 40% of the maximum available subscription amount. The net &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-15282","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15282"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/15282\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}