TORONTO, CANADA — (Marketwired) — 05/30/13 — Canadian General Investments, Limited (the “Company”) (TSX: CGI)(TSX: CGI.PR.C) announced today that it has completed its public offering of $75,000,000 (3,000,000 shares), 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 (TSX: CGI.PR.D).
The net proceeds of this offering will be used, together with available cash, to repay a short-term loan used to fund the previously announced redemption of its $75,000,000, 4.65% Cumulative Redeemable Class A Preference Shares, Series 2 (TSX symbol: CGI.PR.B), which was completed on May 29, 2013 for an aggregate amount of $75,716,610 (including accrued and unpaid dividends from March 15, 2013 to May 28, 2013). This redemption was in accordance with the terms of the governing short form prospectus.
Contacts:
Canadian General Investments, Limited
Jonathan A. Morgan
President & CEO
(416) 366-2931
(416) 366-2729 (FAX)