{"id":51113,"date":"2019-12-23T11:49:00","date_gmt":"2019-12-23T16:49:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=51113"},"modified":"2025-11-28T11:50:45","modified_gmt":"2025-11-28T16:50:45","slug":"drm-pr-a-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51113","title":{"rendered":"DRM.PR.A Redeemed"},"content":{"rendered":"

DREAM Unlimited Corp announced<\/a> (on November 13):<\/p>\n

\n

that it will redeem all of its outstanding First Preference Shares, Series 1 (\u201cSeries 1 Shares\ufffd?) on December 20, 2019 (the \u201cRedemption Date\ufffd?), in accordance with their terms. The Series 1 Shares will be redeemed at a price of $7.16 per share, plus all accrued and unpaid dividends from September 30, 2019 up to but excluding the Redemption Date. There are currently 4,005,729 Series 1 Shares issued and outstanding. Following the Redemption Date, the Series 1 Shares are expected to be delisted from the Toronto Stock Exchange.<\/p>\n

The formal notice of redemption will be delivered to registered holders of the Series 1 Shares on behalf of the Corporation by Computershare Trust Company of Canada, the transfer agent and registrar for the Series 1 Shares.<\/p>\n

From and after the Redemption Date, holders of the Series 1 Shares will cease to be entitled to dividends or to exercise any rights of shareholders in respect of the Series 1 Shares, except for the right to receive the Redemption Price for their Series 1 Shares.<\/p>\n

Payment of the redemption amount for the Series 1 Shares will be made to registered holders of such securities on or after the Redemption Date. Beneficial holders of the Series 1 Shares should contact their financial institution, broker or other intermediary through which they hold the Series 1 Shares to confirm how they will receive their redemption proceeds.<\/p>\n<\/blockquote>\n

They further announced<\/a> (on December 20):<\/p>\n

\n

that it has redeemed all of its outstanding First Preference Shares, Series 1 (\u201cSeries 1 Shares\ufffd?), in accordance with their terms. The cash redemption price for the Series 1 Shares was $7.16 per share, plus all accrued and unpaid dividends from September 30, 2019 up to and including the Redemption Date, for aggregate proceeds of $29.1 million. The Series 1 Shares have been delisted from the Toronto Stock Exchange. <\/p>\n<\/blockquote>\n

DRM.PR.A came into existence as partial consideration on the exchange of DC.PR.A<\/a> (the other consideration was DC.PR.C, which has had an interesting series of transitions of its own) following approval by shareholders<\/a> despite my urging that exchange offer was coercive<\/a>. The original ticker symbol<\/a> for the issue was DBC.PR.A. <\/p>\n","protected":false},"excerpt":{"rendered":"

DREAM Unlimited Corp announced (on November 13): that it will redeem all of its outstanding First Preference Shares, Series 1 (\u201cSeries 1 Shares\ufffd?) on December 20, 2019 (the \u201cRedemption Date\ufffd?), in accordance with their terms. …<\/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-51113","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51113","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=51113"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51113\/revisions"}],"predecessor-version":[{"id":51114,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51113\/revisions\/51114"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}