{"id":7939,"date":"2009-09-18T21:37:36","date_gmt":"2009-09-19T01:37:36","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=7939"},"modified":"2009-09-18T21:37:36","modified_gmt":"2009-09-19T01:37:36","slug":"evtpra-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=7939","title":{"rendered":"EVT.PR.A to Be Redeemed"},"content":{"rendered":"<p>Economic Investment Trust Limited <a href=\"http:\/\/www.evt.ca\/docs\/eitl_pr18Sep2009.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>that on November 30, 2009 it will redeem for cash all of its outstanding 5% Cumulative Preferred Shares Series A at a redemption price of $53.125, comprised of $50.00 per share, a premium of $2.50, and accrued dividends in the amount of $0.625 per share.<\/p><\/blockquote>\n<p>Even the most Assiduous Readers may be forgiven for asking &#8216;What?&#8217;. The <a href=\"http:\/\/www.evt.ca\/docs\/eitl_qtr30jun2009.pdf\">June 09 Financials<\/a> state:<\/p>\n<blockquote><p>At June 30, 2009, there are 5,615,535 Common Shares issued and outstanding and each share is entitled to one vote. There are 7,200 (2008 &#8211; 7,700) 5% Cumulative Preferred Shares Series A issued and outstanding. During the fi rst quarter, the Company purchased 500 Preferred Shares Series A for cancellation.<\/p><\/blockquote>\n<p>So the total market capitalization of the preferreds comes to less than half a million dollars. EVT.PR.A closed today at 51.23 bid for 800, no offer. This is the first mention of EVT.PR.A on PrefBlog. EVT.PR.A is not tracked by HIMIPref&trade;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic Investment Trust Limited has announced: that on November 30, 2009 it will redeem for cash all of its outstanding 5% Cumulative Preferred Shares Series A at a redemption price of $53.125, comprised of $50.00 &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-7939","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7939","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=7939"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/7939\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}