Business News • MarketWire • Dundee Corporation Announces Conversion Privilege of $130,000,000 Cumulative 5-Year Rate Reset First Preference Shares, Series 2 |
Dundee Corporation Announces Conversion Privilege of $130,000,000 Cumulative 5-Year Rate Reset First Preference Shares, Series 2 |
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Dundee Corporation Announces Conversion Privilege of $130,000,000 Cumulative 5-Year Rate Reset First Preference Shares, Series 2
TORONTO, ONTARIO--(Marketwired - Aug. 26, 2014) - Dundee Corporation (TSX:DC.A)(TSX:DC.PR.B) ("Dundee" or the "Company") announces that it does not intend to exercise its right to redeem any currently outstanding cumulative 5-year rate reset first preference shares, series 2 (the "Series 2 Shares") on September 30, 2014 and, as a result, subject to certain conditions, the holders of the Series 2 Shares have the right, at their option, to convert all or part of their Series 2 Shares on a one for one basis into Cumulative Floating Rate First Preference Shares, Series 3 (the "Series 3 Shares") as at September 30, 2014. Holders who do not exercise their right to convert their Series 2 Shares into Series 3 Shares will retain their Series 2 Shares, unless automatically converted in accordance with the conditions below.
View More : http://www.marketwired.com/mw/release.do?id=1941679&sourceType=3
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