Split share corporation

Regions Financial Corporation Declares Quarterly Common and Preferred Stock Dividends

Retrieved on: 
Wednesday, October 16, 2019
Banking, Professional services, Finance, Finance, Financial markets, Money, Equity securities, Corporate finance, Stock market, Preferred stock, Dividend, Common stock, Stock, Split share corporation, Ex-dividend date

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 C 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 C preferred shares:
    A cash dividend of $0.155 on each share of outstanding common stock, payable on Jan. 2, 2020, to stockholders of record at the close of business on Dec. 6, 2019.
  • A cash dividend of $15.9375 per share of Series A Preferred Stock outstanding (equivalent to approximately $0.398438 per depositary share), payable on Dec. 16, 2019, to stockholders of record at the close of business on Dec. 2, 2019.
  • Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,500 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 .

Investview Announces Strategic Initiatives Including an Exchange Offer for Preferred Stock

Retrieved on: 
Tuesday, October 8, 2019
Finance, Money, Corporate finance, Financial markets, Equity securities, Stock market, Preferred stock, Tender offer, Stock, Common stock, Exchange offer, Split share corporation

As proposed, for every 500 outstanding shares of Common Stock, Investview plans to offer to exchange one share of Series A Preferred Stock, which has a liquidation value of $10.00 per share.

Key Points: 
  • As proposed, for every 500 outstanding shares of Common Stock, Investview plans to offer to exchange one share of Series A Preferred Stock, which has a liquidation value of $10.00 per share.
  • The exchange ratio is subject to adjustment prior to the commencement of the Exchange Offer based on the then prevailing common stock price.
  • However, the Exchange Offer would be subject to the conditions that, among others, there will be at least 300 holders of record of Investviews Common Stock following the Exchange Offer and the Series A Preferred Stock being approved for market trading and quotation.
  • On the commencement date of the Exchange Offer, a Tender Offer statement on Schedule TO, including an offer to exchange, a letter of transmittal and related materials, will be filed with the SEC by Investview.

Compass Diversified Holdings Declares Third Quarter 2019 Distributions on Common and Series A and B Preferred Shares

Retrieved on: 
Thursday, October 3, 2019
Finance, Money, Financial markets, Equity securities, Stock market, Corporate finance, Preferred stock, Series A round, Share, Short, Lluís Companys, 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 distribution on the Series A Preferred Shares covers the period from and including July 30, 2019, up to, but excluding, October 30, 2019.
  • 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 distribution on the Series B Preferred Shares covers the period from and including July 30, 2019, up to, but excluding, October 30, 2019.

Facedrive Inc. Announces 10-for-1 Forward Share Split

Retrieved on: 
Friday, September 27, 2019
Technology, Transport, Public transport, Hardware, Other Transport, Financial markets, Finance, Stock market, Money, Corporate finance, Equity securities, Share, Stock split, Common stock, Issued shares, Split share corporation

Facedrive Inc. (the Corporation or Facedrive) (TSX-V: FD) is pleased to announce that it will forward split its common shares (Common Shares) on the basis of ten (10) new Common Shares for each one (1) Common Share currently outstanding.

Key Points: 
  • Facedrive Inc. (the Corporation or Facedrive) (TSX-V: FD) is pleased to announce that it will forward split its common shares (Common Shares) on the basis of ten (10) new Common Shares for each one (1) Common Share currently outstanding.
  • Facedrive currently has 9,016,453 Common Shares issued and outstanding, which will be increased to 90,164,530 Common Shares after the share split is completed.
  • The Corporation proposes the share split to increase the liquidity of the Common Shares and, in turn, make financing terms more attractive.
  • In this instance, the entitlement is to the additional Common Shares issuable as a result of the share split.

Commerce Split Corp. Preferred Share Rates

Retrieved on: 
Thursday, September 19, 2019
Finance, Money, Economy, Equity securities, Corporate finance, Stock market, Preferred stock, Financial markets, Common stock, Yield, Split share corporation

TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Commerce Split Corp. (the Company) previously announced on February 21, 2019 it will extend the termination date of the Company a further five year period from December 1, 2019 to December 1, 2024.

Key Points: 
  • TORONTO, Sept. 19, 2019 (GLOBE NEWSWIRE) -- Commerce Split Corp. (the Company) previously announced on February 21, 2019 it will extend the termination date of the Company a further five year period from December 1, 2019 to December 1, 2024.
  • In connection with the extension, the Company has the right to amend the annual rate of cumulative preferential monthly dividends to be paid to the YCM.PR.A Class I Preferred Shares (Class I Preferred Shares) and the YCM.PR.B Class II Preferred Shares (Class II Preferred Shares) for the five year renewal period, commencing December 1, 2019.
  • In keeping with market yields for preferred shares with similar terms, there will be no change to the rate of the Class I Preferred Shares and the Class II Preferred Shares.
  • The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Dividend 15 Split Corp. II Increases Preferred Share Rate

Retrieved on: 
Thursday, September 19, 2019
Finance, Money, Economy, Stock market, Equity securities, Dividends, Corporate finance, Investment, Preferred stock, Shareholder, Split share corporation, Dividend yield

In connection with the extension, the Company will amend the dividend entitlement of the DF.PR.A Preferred Shares (Preferred Shares) for the five year renewal period effective December 1, 2019, to pay a fixed cumulative preferential monthly dividend at an annual rate equivalent to 5.75% based on the $10 repayment value.

Key Points: 
  • In connection with the extension, the Company will amend the dividend entitlement of the DF.PR.A Preferred Shares (Preferred Shares) for the five year renewal period effective December 1, 2019, to pay a fixed cumulative preferential monthly dividend at an annual rate equivalent to 5.75% based on the $10 repayment value.
  • The Preferred Share distribution rate is based on current market rates for preferred shares with similar terms.
  • Preferred shareholders have received a total of $6.71 per share in distributions since inception.
  • The dividend policy for the DF Class A Shares (Class A Shares) will remain unchanged.

Dividend 15 Split Corp. Increases Preferred Share Rate

Retrieved on: 
Thursday, September 19, 2019
Finance, Money, Economy, Stock market, Equity securities, Dividends, Corporate finance, Investment, Preferred stock, Shareholder, Split share corporation, Dividend yield

In connection with the extension, the Company will amend the dividend entitlement of the DFN.PR.A Preferred Shares (Preferred Shares) for the five year renewal period effective December 1, 2019, to pay a fixed cumulative preferential monthly dividend at an annual rate equivalent to 5.5% based on the $10 repayment value.

Key Points: 
  • In connection with the extension, the Company will amend the dividend entitlement of the DFN.PR.A Preferred Shares (Preferred Shares) for the five year renewal period effective December 1, 2019, to pay a fixed cumulative preferential monthly dividend at an annual rate equivalent to 5.5% based on the $10 repayment value.
  • The Preferred Share distribution rate is based on current market rates for preferred shares with similar terms.
  • Preferred shareholders have received a total of $8.11 per share in distributions since inception.
  • The dividend policy for the DFN Class A Shares (Class A Shares) will remain unchanged.

TC Energy provides Series 9 Preferred Shares conversion right and dividend rate notice

Retrieved on: 
Wednesday, September 18, 2019
Finance, Financial markets, Money, Equity securities, Stock market, Corporate finance, Preferred stock, Dividend, Share, Investment, Split share corporation

CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on October 30, 2019.

Key Points: 
  • CALGARY, Alberta, Sept. 18, 2019 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX:TRP) (NYSE:TRP) (TC Energy) announced today that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on October 30, 2019.
  • As a result, subject to certain conditions, the holders of Series 9 Shares have the right to choose one of the following options with regard to their shares:
    to retain any or all of their Series 9 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 9 Shares into Cumulative Redeemable First Preferred Shares, Series 10 (Series 10 Shares) of TC Energy and receive a floating rate quarterly dividend.
  • The foregoing conversions are subject to the conditions that: (i) if TC Energy determines that there would be less than one million Series 9 Shares outstanding after October 30, 2019, then all remaining Series 9 Shares will automatically be converted into Series 10 Shares on a one-for-one basis on October 30, 2019 and (ii) alternatively, if TC Energy determines that there would be less than one million Series 10 Shares outstanding after October 30, 2019, no Series 9 Shares will be converted into Series 10 Shares.
  • Beneficial owners of Series 9 Shares who do not provide notice or communicate with their broker or other nominee by the deadline will retain their Series 9 Shares and receive the new annual fixed dividend rate applicable to the Series 9 Shares, subject to the conditions stated above.

Fifth Third Bancorp Announces Cash Dividends

Retrieved on: 
Tuesday, September 17, 2019
Banking, Professional services, Finance, Finance, Financial markets, Money, Equity securities, 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 J preferred shares, Series I preferred shares, and Class B Series A preferred shares.

Key Points: 
  • Fifth Third Bancorp today declared cash dividends on its common shares, Series J preferred shares, Series I 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 for the third quarter of 2019.
  • Fifth Third also declared a cash dividend on its 4.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series J, at the rate of $612.50 per preferred share, which equates to approximately $24.50 for each depositary share.
  • Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio.

Fifth Third Bancorp Increases Quarterly Cash Dividend on its Common Stock Approximately 9% to $0.24 per Share

Retrieved on: 
Tuesday, June 18, 2019
Professional services, Banking, Finance, Finance, Financial markets, Money, Equity securities, Stock market, Corporate finance, Preferred stock, Dividend, Common stock, Stock, Share, Split share corporation

Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, and Series I preferred shares.

Key Points: 
  • Fifth Third Bancorp today declared cash dividends on its common shares, Series H preferred shares, and Series I preferred shares.
  • Fifth Third Bancorp (Nasdaq: FITB) today declared a cash dividend on its common shares of $0.24 for the second quarter of 2019.
  • 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.
  • Each depositary share represents a 1/25th ownership interest in a share of Series H Preferred Stock.