Split share corporation

Zomedica Retires Preferred Shares

Retrieved on: 
Monday, March 8, 2021

Effective March 7, 2021, Zomedica completed the exchange of all 12 of its outstanding Series 1 Preferred Shares, stated value $1.0 million per share, (the Preferred Shares) for 24,719,101 common shares of the Company, equivalent to $44 million based on a $1.78 per share closing price of the common shares on March 5, 2021.

Key Points: 
  • Effective March 7, 2021, Zomedica completed the exchange of all 12 of its outstanding Series 1 Preferred Shares, stated value $1.0 million per share, (the Preferred Shares) for 24,719,101 common shares of the Company, equivalent to $44 million based on a $1.78 per share closing price of the common shares on March 5, 2021.
  • Robert Cohen, Chief Executive Officer of Zomedica, commented: As you know, since our fundraising round in July of 2020, we have wanted to rationalize the Preferred Shares.
  • For historical reasons, although the Company received $12 million in exchange for the Preferred Shares, the Preferred Shares were entitled to a $108 million liquidation preference and a 9% royalty on the net sales of Zomedica and its affiliates.
  • We are appreciative that Wickfield Bridge Fund LLC, holders of the Preferred Shares, agreed with us that the elimination of the punitive terms of the Preferred Shares was in the best interests of all shareholders.

LCNB Corp. Announces First Quarter Dividend

Retrieved on: 
Tuesday, February 16, 2021

LCNB Corp. (Nasdaq: LCNB) today announced that the Companys Board of Directors declared a cash dividend of $0.19 per common share.

Key Points: 
  • LCNB Corp. (Nasdaq: LCNB) today announced that the Companys Board of Directors declared a cash dividend of $0.19 per common share.
  • The common stock cash dividend will have a record date of March 1, 2021 and is payable to shareholders on March 15, 2021.
  • Through its subsidiary, LCNB National Bank (the Bank), it serves customers and communities in Southwest and South Central Ohio.
  • LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange under the symbol LCNB.

Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Retrieved on: 
Wednesday, February 3, 2021

The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series A preferred shares, Series B preferred shares and Series D preferred shares:

Key Points: 
  • The Regions Financial Corporation (NYSE:RF) Board of Directors today declared the following cash dividends on its common shares, Series A preferred shares, Series B preferred shares and Series D preferred shares:
    A cash dividend of $0.155 on each share of outstanding common stock of the Company, payable on April 1, 2021, to stockholders of record at the close of business on March 5, 2021.
  • A cash dividend of $15.9375 per share of Series A Preferred Stock (equivalent to approximately $0.398438 per depositary share), payable on March 15, 2021, to stockholders of record at the close of business on March 1, 2021.
  • Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs.
  • Additional information about Regions and its full line of products and services can be found at www.regions.com .

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

Retrieved on: 
Thursday, January 7, 2021

ATHENS, Greece, Jan. 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, Jan. 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 October 30, 2020 through January 29, 2021.
  • The dividend on the Series F Preferred Shares will be paid on February 1, 2021 to all holders of record of Series F Preferred Shares as of January 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: 
Tuesday, December 15, 2020

Today Fifth Third Bancorp announced the declaration of cash dividends on its common shares, Series H preferred 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 H preferred 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 fourth quarter of 2020.
  • Fifth Third also declared a cash dividend on its 5.10% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series H, at the rate of $637.50 per preferred share, which equates to approximately $25.50 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: 
Wednesday, December 2, 2020

TORONTO, Dec. 02, 2020 (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 $13.1 million.

Key Points: 
  • TORONTO, Dec. 02, 2020 (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 $13.1 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.

TC Energy provides conversion right and dividend rate notice for Series 11 and 12 preferred shares

Retrieved on: 
Monday, November 2, 2020

As a result, subject to certain conditions, the holders of Series 11 Shares have the right to choose one of the following options regarding their shares:

Key Points: 
  • As a result, subject to certain conditions, the holders of Series 11 Shares have the right to choose one of the following options regarding their shares:
    to retain any or all of their Series 11 Shares and continue to receive a fixed rate quarterly dividend; or
    to convert, on a one-for-one basis, any or all of their Series 11 Shares into Cumulative Redeemable First Preferred Shares, Series 12 (Series 12 Shares) of TC Energy and receive a floating rate quarterly dividend.
  • Should holders of Series 11 Shares choose to convert their shares to Series 12 Shares, holders of Series 12 Shares will receive the floating quarterly dividend rate applicable to the Series 12 Shares of 3.046% for the first quarterly floating rate period commencing November 30, 2020 to, but excluding, February 26, 2021.
  • Beneficial owners of Series 11 Shares who do not exercise their conversion right through their broker or other nominee by the deadline will retain their Series 11 Shares and receive the new annual fixed dividend rate applicable to the Series 11 Shares, subject to the conditions stated below.
  • The foregoing conversions are subject to the conditions that: (i) if TC Energy determines that there would be less than one million Series 11 Shares outstanding after November 30, 2020, then all remaining Series 11 Shares will automatically be converted into Series 12 Shares on a one-for-one basis on November 30, 2020 and (ii) alternatively, if TC Energy determines that there would be less than one million Series 12 Shares outstanding after November 30, 2020, no Series 11 Shares will be converted into Series 12 Shares.

Partners Value Split Corp. Announces Completion of $150,000,000 Public Offering of Class AA Preferred Shares, Series 11

Retrieved on: 
Tuesday, October 6, 2020

TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the Company) announced today the completion of its previously announced issue of 6,000,000 ClassAA Preferred Shares, Series 11 (the Series 11 Preferred Shares) at an offering price of $25.00 per Series 11 Preferred Share, raising gross proceeds of $150,000,000.

Key Points: 
  • TORONTO, Oct. 06, 2020 (GLOBE NEWSWIRE) -- Partners Value Split Corp. (the Company) announced today the completion of its previously announced issue of 6,000,000 ClassAA Preferred Shares, Series 11 (the Series 11 Preferred Shares) at an offering price of $25.00 per Series 11 Preferred Share, raising gross proceeds of $150,000,000.
  • The Series 11 Preferred Shares carry quarterly fixed cumulative preferential dividends representing a 4.75% annualized yield on the offering price and have a final maturity of October 31, 2025.
  • The Series 11 Preferred Shares have been listed and posted for trading on the Toronto Stock Exchange under the symbol PVS.PR.I.
  • The net proceeds of the offering will be used to partially fund the redemption of the Companys Class AA Preferred Shares, Series 6.

North American Financial 15 Split Corp. Increases Preferred Share Rate

Retrieved on: 
Wednesday, September 23, 2020

North American Financial 15 Split Corp. (the Company) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2020.

Key Points: 
  • North American Financial 15 Split Corp. (the Company) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2020.
  • Monthly payments to the FFN.PR.A Preferred Share will be $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value.
  • This is an increase of one and a quarter percent over the current rate.
  • The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Financial 15 Split Corp. Increases Preferred Share Rate

Retrieved on: 
Wednesday, September 23, 2020

In connection with the extension, the Company may amend the prescribed minimum annual rate of cumulative preferential monthly dividends to be paid to the FTN.PR.A Preferred Shares (Preferred Shares) for the five-year renewal period, commencing December 1, 2020.

Key Points: 
  • In connection with the extension, the Company may amend the prescribed minimum annual rate of cumulative preferential monthly dividends to be paid to the FTN.PR.A Preferred Shares (Preferred Shares) for the five-year renewal period, commencing December 1, 2020.
  • The Company may also amend the dividend entitlement of the Preferred Shares on an annual basis.
  • Based on current market rates for preferred shares with similar terms, the minimum annual rate for the five-year term will be set at 5.5% (previously 5.25%).
  • The Preferred shareholders have received a total of $8.89 per Share in distributions since inception.