Home » Investment Opinion, Picture Gallery » Big 8 Split Inc. Announces Partial Call for Redemption

Big 8 Split Inc. Announces Partial Call for Redemption






TORONTO, ONTARIO — (Marketwire) — 11/30/12 — Big 8 Split Inc. (TSX: BIG.A)(TSX: BIG.PR.B)(TSX: BIG.PR.C) (the “Company”) announced today that it has called a total of 239,890 Preferred Shares, comprised of 113,535 Class B Preferred Shares and 126,355 Class C Preferred Shares, for cash redemption on December 14, 2012 representing approximately 16.3% of all outstanding Preferred Shares as a result of holders of 239,890 Capital Shares exercising their special annual retraction rights. The Preferred Shares shall be redeemed on a pro rata basis, so that holders of record of Preferred Shares on the close of business on December 12, 2012 will have approximately 16.3% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $12.00 per share. Holders of Preferred Shares that have been called for redemption will only be entitled to receive dividends on those which have been declared but remain unpaid up to and including December 14, 2012.

As a result, a total of 239,890 Preferred and Capital Shares, or approximately 16.3% of both classes of shares currently outstanding will be redeemed.

Payments and delivery of cash and common shares owing as a result of shareholders having exercised their retraction privilege and the above notice of call, will be made by the Company on December 14, 2012.

Big 8 Split Inc. was established to generate dividend income for holders of the Preferred Shares while providing holders of the Capital Shares, with a leveraged opportunity to participate in capital appreciation from a portfolio of common shares of Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Toronto-Dominion Bank, Great-West Lifeco Inc., Manulife Financial Corporation, and Sun Life Financial Inc.

Information concerning Big 8 Split Inc. is available on our website at .

The Capital Shares and Preferred Shares of Big 8 Split are listed on the Toronto Stock Exchange under the symbols BIG.A, BIG.pr.B and BIG.pr.C respectively.

Contacts:
Big 8 Split Inc.
Investor Relations
416-982-2680

Short URL: https://www.88finance.com/?p=208674





Posted by on Nov 30 2012. Filed under Investment Opinion, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Analytics

© 2020 88Finance. All Rights Reserved. Log in - Copyright by LayerMedia


Blogverzeichnis - Blog Verzeichnis bloggerei.de Blog Top Liste - by TopBlogs.de