{"id":2346,"date":"2008-07-03T18:03:30","date_gmt":"2008-07-03T22:03:30","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2346"},"modified":"2008-07-03T18:03:30","modified_gmt":"2008-07-03T22:03:30","slug":"gfvpra-normal-course-issuer-bid","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2346","title":{"rendered":"GFV.PR.A: Normal Course Issuer Bid"},"content":{"rendered":"<p>Global 45 Split Corp. <a href=\"http:\/\/www.marketwire.com\/press-release\/Global-45-Split-Corp-TSX-GFV-875493.html\">has announced<\/a>:<\/p>\n<blockquote><p>acceptance by the Toronto Stock Exchange (&#8220;TSX&#8221;) of the Company&#8217;s Notice of Intention to make a Normal Course Issuer Bid for its Preferred Shares and Class A Shares (collectively, the &#8220;Shares&#8221;).<\/p>\n<p>Under this normal course issuer bid, the Company may purchase, from time to time, if it is considered advisable, up to 135,258 Preferred Shares and 135,258 Class A Shares, representing approximately 10% of the public float of the Shares, which is the same number as the Company&#8217;s issued and outstanding Shares, being 1,352,582 Preferred Shares and 1,352,582 Class A Shares as of the date hereof.<br \/><b>&#8230;<\/b><br \/>Under its previous normal course issuer bid, which commenced on July 5, 2007 and which expires on July 4, 2008, the Company has purchased and cancelled a total of 12,900 Preferred Shares and 12,900 Class A Shares at an average price of $10.5257 per Preferred Share and $14.7213 per Class A Share.<\/p><\/blockquote>\n<p>So &#8230; they did buy back some of their issue with the last bid, which plays a large role in my decision to post about the current bid. But don&#8217;t get too excited &#8230; <a href=\"http:\/\/www.firstasset.com\/products\/\">according to First Asset<\/a>, NAV as of June 26 was $22.14, while the <a href=\"http:\/\/www.tsx.com\/HttpController?GetPage=QuotesLookupPage&#038;DetailedView=DetailedPrices&#038;Market=T&#038;ref=quickquotehome&#038;Language=en&#038;QuoteSymbol_1=gfv&#038;x=15&#038;y=12\">TSX shows last trades<\/a> of $12.25 for the capital units and $10.06 for the preferreds.<\/p>\n<p>GFV.PR.A is not tracked by HIMIPref&trade;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global 45 Split Corp. has announced: acceptance by the Toronto Stock Exchange (&#8220;TSX&#8221;) of the Company&#8217;s Notice of Intention to make a Normal Course Issuer Bid for its Preferred Shares and Class A Shares (collectively, &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-2346","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2346","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=2346"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2346\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}