Split share corporation

Shaw to Redeem Cumulative Redeemable Rate Reset Class 2 Preferred Shares, Series A, and Cumulative Redeemable Floating Rate Class 2 Preferred Shares, Series B

Retrieved on: 
Friday, May 28, 2021

The aggregate Redemption Price payable by Shaw to redeem the Preferred Shares will be $300 million.

Key Points: 
  • The aggregate Redemption Price payable by Shaw to redeem the Preferred Shares will be $300 million.
  • These will be the final dividends on the Preferred Shares, which will be paid separately from the aggregate Redemption Price and in the usual manner.
  • Non-registered holders of the Series A Shares and Series B Shares should contact their broker or other intermediary for information regarding the redemption process for the Preferred Shares.
  • The Series A Shares and Series B Shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols SJR.PR.A and SJR.PR.B, respectively.

Dividend Growth Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Wednesday, May 26, 2021

TORONTO, May 26, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).

Key Points: 
  • TORONTO, May 26, 2021 (GLOBE NEWSWIRE) -- (TSX: DGS, DGS.PR.A) Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).
  • Gross proceeds of the offering are expected to be approximately $34.8 million.
  • The offering is expected to close on or about June 1, 2021 and is subject to certain closing conditions.
  • The Company invests in a portfolio (the Portfolio) consisting primarily of equity securities of Canadian dividend growth companies.

TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

Retrieved on: 
Wednesday, April 7, 2021

ATHENS, Greece, April 07, 2021 (GLOBE NEWSWIRE) -- TEN Ltd. (TEN) (NYSE: TNP) (the Company), a leading diversified crude, product, and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the Series F Preferred Shares; NYSE: TNPPRF).

Key Points: 
  • ATHENS, Greece, April 07, 2021 (GLOBE NEWSWIRE) -- TEN Ltd. (TEN) (NYSE: TNP) (the Company), a leading diversified crude, product, and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the Series F Preferred Shares; NYSE: TNPPRF).
  • Each dividend of the Series F Preferred Shares is for the period from the most recent dividend payment date on January 30, 2021 through April 29, 2021.
  • The dividend on the Series F Preferred Shares will be paid on April 30, 2021 to all holders of record of Series F Preferred Shares as of April 27, 2021.
  • TEN has 6,000,000 Series F Preferred Shares outstanding as of the date of this press release.

Fifth Third Bancorp Announces Cash Dividends

Retrieved on: 
Thursday, March 18, 2021

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.

Key Points: 
  • Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, Series L preferred shares, and Class B Series A preferred shares.
  • Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.27 per share for the first quarter of 2021.
  • Fifth Third also declared a cash dividend on its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series I (Nasdaq: FITBI), at the rate of $414.06 per preferred share, which equates to approximately $0.41406 for each depositary share.
  • Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio, and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution.

Global Dividend Growth Split Corp. Completes Treasury Offering

Retrieved on: 
Thursday, March 18, 2021

TORONTO, March 18, 2021 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively) for aggregate gross proceeds of approximately $16.3 million.

Key Points: 
  • TORONTO, March 18, 2021 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce that it has completed the previously announced treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively) for aggregate gross proceeds of approximately $16.3 million.
  • The Company invests in a diversified portfolio (the Portfolio) of equity securities of large capitalization global dividend growth companies selected by the Brompton Funds Limited (the Manager), the manager of the Company.
  • In order to qualify for inclusion in the Portfolio, at the time of investment and at the time of each periodic reconstitution and/or rebalancing of the Portfolio, each global dividend growth company included in the Portfolio must (i) have a market capitalization of at least $10 billion, and (ii) have a history of dividend growth or, in the Managers view, have high potential for future dividend growth.
  • Global Dividend Growth Split Corp.

Gabelli Dividend & Income Trust Commences Exchange Offer for Auction Rate Preferred Shares

Retrieved on: 
Wednesday, March 17, 2021

The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the Fund) authorized an exchange offer (the Offer) for its Series B Auction Market Preferred Shares, Series C Auction Market Preferred Shares, and Series E Auction Rate Preferred Shares (the Auction Rate Preferred Shares).

Key Points: 
  • The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE:GDV) (the Fund) authorized an exchange offer (the Offer) for its Series B Auction Market Preferred Shares, Series C Auction Market Preferred Shares, and Series E Auction Rate Preferred Shares (the Auction Rate Preferred Shares).
  • Under the terms of the Offer, which commences March 17, 2021 and expires April 14, 2021, existing owners of the Auction Rate Preferred Shares may exchange their Auction Rate Preferred Shares at the Exchange Ratio of 0.96 of each newly issued Series J Preferred Term Share, par value $0.001 and liquidation preference of $25,000 per share, (the Series J Preferred), for each Auction Rate Preferred Share validly tendered and not withdrawn pursuant to the Offer.
  • In lieu of any fractional shares of Series J Preferred Shares, holders of Auction Rate Preferred Shares following the consummation of the Exchange Offer shall receive a cash amount, without interest, equal to 96.0% of the Liquidation Preference of any fractional shares remaining.
  • The Series J Preferred is callable by The Fund on March 26, 2024, at the liquidation preference plus accrued and unpaid dividends.

National Bank of Canada to Redeem its First Preferred Shares Series 34 (NVCC)

Retrieved on: 
Wednesday, March 17, 2021

MONTREAL, March 17, 2021 /CNW Telbec/ -National Bank of Canada ("National Bank") today announced its intention, subject to approval from the Office of the Superintendent of Financial Institutions, to redeem all of its 16,000,000 issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 34 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 34") on May 15, 2021, for cash at a redemption price of $25.00 per share, together with all declared and unpaid dividends.

Key Points: 
  • MONTREAL, March 17, 2021 /CNW Telbec/ -National Bank of Canada ("National Bank") today announced its intention, subject to approval from the Office of the Superintendent of Financial Institutions, to redeem all of its 16,000,000 issued and outstanding Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 34 (Non-Viability Contingent Capital (NVCC)) (the "Preferred Shares Series 34") on May 15, 2021, for cash at a redemption price of $25.00 per share, together with all declared and unpaid dividends.
  • The quarterly dividend of $0.35 per Preferred Share Series 34 declared on February 24, 2021 is the final dividend on the Preferred Shares Series 34, and is payable in the usual manner on May 15, 2021 to shareholders of record on April 5, 2021, as previously announced.
  • Formal notice will be given to holders of Preferred Shares Series 34 in accordance with the terms of the shares.
  • The redemption of the Preferred Shares Series 34 is part of National Bank's ongoing management of its regulatory capital.

Partners Value Split Corp. to Redeem Its Class AA Preferred Shares, Series 6

Retrieved on: 
Monday, March 15, 2021

TORONTO, March 15, 2021 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the Company) announced today its intention to redeem all 7,990,000 of its Class AA Preferred Shares, Series 6 (Preferred Shares, Series 6) for cash on March 31, 2021 (the Redemption Date) in accordance with the terms of the Preferred Shares, Series 6.

Key Points: 
  • TORONTO, March 15, 2021 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the Company) announced today its intention to redeem all 7,990,000 of its Class AA Preferred Shares, Series 6 (Preferred Shares, Series 6) for cash on March 31, 2021 (the Redemption Date) in accordance with the terms of the Preferred Shares, Series 6.
  • Notice will be delivered to holders of the Preferred Shares, Series 6 in accordance with the terms of the Preferred Shares, Series 6.
  • After the redemption of the Preferred Shares, Series 6, the Company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.
  • Reference should be made to the Companys most recent Annual Information Form for a description of the major risk factors.

Global Dividend Growth Split Corp. Announces Successful Overnight Offering

Retrieved on: 
Thursday, March 11, 2021

TORONTO, March 11, 2021 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).

Key Points: 
  • TORONTO, March 11, 2021 (GLOBE NEWSWIRE) -- (TSX: GDV, GDV.PR.A) Global Dividend Growth Split Corp. (the Company) is pleased to announce a successful overnight treasury offering of class A shares and preferred shares (the Class A Shares and Preferred Shares, respectively).
  • The offering is expected to close on or about March 18, 2021 and is subject to certain closing conditions.
  • The Company invests in a diversified portfolio (the Portfolio) of equity securities of large capitalization global dividend growth companies selected by the Brompton Funds Limited (the Manager), the manager of the Company.
  • Global Dividend Growth Split Corp.