Split share corporation

Brompton Oil Split Corp. Announces Extension of Term and Preferred Share Distribution Rate

Retrieved on: 
Thursday, January 30, 2020
Equity securities, Finance, Money, Financial economics, Stock market, Corporate finance, Preferred stock, Class A share, Split share corporation

Today, the board of directors announces that the new term of the Fund will be 3 years to March 30, 2023.

Key Points: 
  • Today, the board of directors announces that the new term of the Fund will be 3 years to March 30, 2023.
  • In addition, the distribution rate for the preferred shares (the Preferred Shares) for the new 3 year term from April 1, 2020 to March 30, 2023 has been increased to $0.65 per Preferred Share per annum (6.5% on the original issue price of $10) payable quarterly.
  • The new Preferred Share distribution rate was determined considering current market rates for preferred shares with similar terms, as well as the current Preferred Share coverage level of the Fund.
  • In addition, the Fund confirmed that it will maintain the targeted monthly Class A Share distribution rate of at least $0.10 per Class A Share which will become payable when the net asset value per unit (consisting of one Class A Share and one Preferred Share) is greater than $15.00, after taking into consideration the payment of the Class A Share distribution.

Dividend 15 Split Corp. II Regular Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Monday, January 20, 2020
Financial markets, Finance, Corporate finance, Equity securities, Stock market, Dividends, Shareholders, Manulife, Preferred stock, Share, Split share corporation

TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.

Key Points: 
  • TORONTO, Jan. 20, 2020 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.
  • Distributions are payable February 10, 2020 to shareholders on record as at January 31, 2020.
  • Since inception Class A shareholders have received a total of $13.20 per share and Preferred shareholders have received a total of $6.94 per share inclusive of this distribution, for a combined total of $20.14.
  • Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Compass Diversified Holdings Declares Fourth Quarter 2019 Distributions on Common and Series A, B and C Preferred Shares

Retrieved on: 
Monday, January 6, 2020
Equity securities, Stock market, Financial economics, Finance, Money, Corporate finance, Preferred stock, Share, Split share corporation

The Board also declared a quarterly cash distribution of $0.453125 per share on the Companys 7.250% Series A Preferred Shares (the Series A Preferred Shares).

Key Points: 
  • The Board also declared a quarterly cash distribution of $0.453125 per share on the Companys 7.250% Series A Preferred Shares (the Series A Preferred Shares).
  • The Board also declared a quarterly cash distribution of $0.4921875 per share on the Companys 7.875% Series B Preferred Shares (the Series B Preferred Shares).
  • The Board also declared a quarterly cash distribution of $0.38281 per share on the Companys 7.875% Series C Preferred Shares (the Series C Preferred Shares).
  • The distribution on the Series C Preferred Shares covers the period from, and including, November 20, 2019, the original issue date of the Series C Preferred Shares, up to, but excluding, January 30, 2020.

Aimia Announces Results of Preferred Share Substantial Issuer Bids

Retrieved on: 
Monday, December 30, 2019
Finance, Stock market, Financial economics, Equity securities, Money, Corporate finance, Preferred stock, Share, Split share corporation

MONTREAL, Dec. 30, 2019 /PRNewswire/ -Aimia Inc. (TSX: AIM) announced today the results of its substantial issuer bids (the "Preferred Share Offers") to repurchase for cancellation (i) up to $31.25 million (on a combined basis) of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") and its Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), each at a fixed price of $17.20 per share, and (ii) up to $31.25 million of its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares", and collectively with the Series 1 Preferred Shares and the Series 2 Preferred Shares, the "Preferred Shares") at a fixed price of $19.00 per share.The Preferred Share Offers expired at 10:00 p.m. (Eastern time) on December 27, 2019.

Key Points: 
  • MONTREAL, Dec. 30, 2019 /PRNewswire/ -Aimia Inc. (TSX: AIM) announced today the results of its substantial issuer bids (the "Preferred Share Offers") to repurchase for cancellation (i) up to $31.25 million (on a combined basis) of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") and its Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), each at a fixed price of $17.20 per share, and (ii) up to $31.25 million of its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares", and collectively with the Series 1 Preferred Shares and the Series 2 Preferred Shares, the "Preferred Shares") at a fixed price of $19.00 per share.The Preferred Share Offers expired at 10:00 p.m. (Eastern time) on December 27, 2019.
  • The Preferred Shares expected to be repurchased under the Preferred Share Offers represent approximately 26.3% of the issued and outstanding Series 1 Preferred Shares and Series 2 Preferred Shares (on a combined basis) and 27.4% of the issued and outstanding Series 3 Preferred Shares, in each case as at the time that the Preferred Share Offers were announced.
  • After giving effect to the Preferred Share Offers, the number of issued and outstanding Series 1 Preferred Shares, Series 2 Preferred Shares and Series 3 Preferred Shares is expected to be 2,921,275, 2,161,865 and 4,355,263, respectively.
  • Based on the Depositary's report, 3,358,838 Series 1 Preferred Shares, 2,559,520 Series 2 Preferred Shares and 3,970,400 Series 3 Preferred Shares were tendered to the Preferred Share Offers.As the Preferred Share Offers were oversubscribed, holders of Series 1 Preferred Shares, Series 2 Preferred Shares and Series 3 Preferred Shares can expect to have approximately 30.7%, 30.7% and 41.4%, respectively, of their successfully tendered Preferred Shares purchased by Aimia.

Aimia Provides Reminder of Upcoming Expiration Time of its $62.5 Million Preferred Share Substantial Issuer Bids

Retrieved on: 
Friday, December 27, 2019
Stock market, Finance, Financial economics, Money, Equity securities, Corporate finance, Preferred stock, Aimia, Share, Split share corporation

MONTREAL, Dec. 27, 2019 /PRNewswire/ -Aimia Inc. (TSX: AIM) today provided a reminder of the upcoming expiry of its substantial issuer bids (the "Preferred Share Offers") to repurchase for cancellation (i) up to $31.25 million (on a combined basis) of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") and its Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), each at a fixed price of $17.20 per share, and (ii) up to $31.25 million of its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares", and collectively with the Series 1 Preferred Shares and the Series 2 Preferred Shares, the "Preferred Shares") at a fixed price of $19.00 per share.

Key Points: 
  • MONTREAL, Dec. 27, 2019 /PRNewswire/ -Aimia Inc. (TSX: AIM) today provided a reminder of the upcoming expiry of its substantial issuer bids (the "Preferred Share Offers") to repurchase for cancellation (i) up to $31.25 million (on a combined basis) of its Cumulative Rate Reset Preferred Shares, Series 1 (the "Series 1 Preferred Shares") and its Cumulative Floating Rate Preferred Shares, Series 2 (the "Series 2 Preferred Shares"), each at a fixed price of $17.20 per share, and (ii) up to $31.25 million of its Cumulative Rate Reset Preferred Shares, Series 3 (the "Series 3 Preferred Shares", and collectively with the Series 1 Preferred Shares and the Series 2 Preferred Shares, the "Preferred Shares") at a fixed price of $19.00 per share.
  • Shareholders are urged to consult the formal offer to purchase and issuer bid circular together with the letter of transmittal and notice of guaranteed delivery (the "Offer Documents") for the terms and conditions of the Preferred Share Offers and instructions for tendering Preferred Shares.
  • The Offer Documents were mailed to holders of Preferred Shares or their designated brokers and are also available on SEDAR at www.sedar.com .
  • Neither Aimia nor its Board of Directors makes any recommendation to preferred shareholders as to whether to tender or refrain from tendering any or all of their Preferred Shares into the Preferred Share Offers.

Dividend 15 Split Corp. II Regular Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Wednesday, December 18, 2019
Financial markets, Finance, Corporate finance, Equity securities, Stock market, Dividends, Shareholders, Manulife, Preferred stock, Share, Split share corporation

TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.

Key Points: 
  • TORONTO, Dec. 18, 2019 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.10000 for each Class A share and $0.04792 for each Preferred share.
  • Distributions are payable January 10, 2020 to shareholders on record as at December 31, 2019.
  • Since inception Class A shareholders have received a total of $13.10 per share and Preferred shareholders have received a total of $6.89 per share inclusive of this distribution, for a combined total of $19.99.
  • Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Fifth Third Bancorp Announces Cash Dividends

Retrieved on: 
Tuesday, December 17, 2019
Banking, Other Professional Services, Professional services, Finance, Financial markets, Finance, Equity securities, Financial economics, Stock market, Corporate finance, Preferred stock, Dividend, Stock, Common stock, Share, Split share corporation

Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, and Class B Series A preferred shares.

Key Points: 
  • Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, Series I preferred shares, Series J preferred shares, Series K preferred shares, and Class B Series A preferred shares.
  • Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.24 per share for the fourth quarter of 2019.
  • 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.

North American Financial 15 Split Corp. Class A Share Consolidation

Retrieved on: 
Friday, December 13, 2019
Financial markets, Finance, Stock market, Financial economics, Equity securities, Corporate finance, Dividend, Preferred stock, Stock split, Share, Split share corporation

TORONTO, Dec. 13, 2019 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (the Company) announces a Class A share consolidation.

Key Points: 
  • TORONTO, Dec. 13, 2019 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (the Company) announces a Class A share consolidation.
  • The purpose of the share consolidation is to maintain the requirement that an equal number of Class A shares and Preferred shares remain outstanding.
  • In order to restore an equal amount of shares outstanding for each Class, Class A shareholders will receive approximately 0.882238913 Class A shares for each Class A share.
  • In addition the monthly Class A share dividend will be increased from a targeted 10 cents per share ($1.20 per annum) to 11.335 cents per share ($1.3602 per annum) in order to maintain the same pre consolidation dividend rate.

M Split Corp. Class I Preferred Share Pro-Rata Redemption and Capital Share Consolidation

Retrieved on: 
Friday, November 22, 2019
Finance, Stock market, Money, Economy, Equity securities, Corporate finance, Preferred stock, Share, Split share corporation, Bonus share

TORONTO, Nov. 22, 2019 (GLOBE NEWSWIRE) -- M Split Corp. (the Company) announces a pro-rata redemption of XMF.PR.B Class I Preferred Shares (Class I Preferred Shares) and a XMF.A Capital Share (Capital Share) consolidation in order to maintain an equal number of Capital Shares, Class I Preferred Shares and XMF.PR.C Class II Preferred Shares (Class II Preferred Shares) outstanding.

Key Points: 
  • TORONTO, Nov. 22, 2019 (GLOBE NEWSWIRE) -- M Split Corp. (the Company) announces a pro-rata redemption of XMF.PR.B Class I Preferred Shares (Class I Preferred Shares) and a XMF.A Capital Share (Capital Share) consolidation in order to maintain an equal number of Capital Shares, Class I Preferred Shares and XMF.PR.C Class II Preferred Shares (Class II Preferred Shares) outstanding.
  • There were more Class II Preferred Shares retracted than Capital Shares and Class I Preferred Shares.
  • The redemption price of $5.00 per Class I Preferred Share will be paid on or before December 16, 2019.
  • As a result of the reduction in Class I and Class II Preferred shares, Capital shareholders will have their Capital Shares consolidated at a ratio of 0.722920066 for each Capital Share outstanding.

Commerce Split Corp. Class I Preferred Share Pro-Rata Redemption and Capital Share Consolidation

Retrieved on: 
Friday, November 22, 2019
Financial markets, Finance, Money, Stock market, Equity securities, Corporate finance, Preferred stock, Shares outstanding, Share, Split share corporation

TORONTO, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Commerce Split Corp. (the Company) announces a pro-rata redemption of YCM.PR.A Class I Preferred Shares (Class I Preferred Shares) and a YCM Capital Share (Capital Share) consolidation in order to maintain an equal number of Capital Shares, Class I Preferred Shares and YCM.PR.B Class II Preferred Shares (Class II Preferred Shares) outstanding.

Key Points: 
  • TORONTO, Nov. 22, 2019 (GLOBE NEWSWIRE) -- Commerce Split Corp. (the Company) announces a pro-rata redemption of YCM.PR.A Class I Preferred Shares (Class I Preferred Shares) and a YCM Capital Share (Capital Share) consolidation in order to maintain an equal number of Capital Shares, Class I Preferred Shares and YCM.PR.B Class II Preferred Shares (Class II Preferred Shares) outstanding.
  • There were more Class II Preferred Shares retracted than Capital Shares and Class I Preferred Shares.
  • As a result of the reduction in Class I and Class II Preferred shares, Capital shareholders will have their Capital Shares consolidated at a ratio of 0.578956069 for each Capital Share outstanding.
  • As at the consolidation date, the resultant increase in the net asset value per Capital Share will have the impact of increasing the asset coverage ratios for the Class I Preferred Shares and Class II Preferred Shares.