Business News • MarketWire • Top 10 Split Trust Announces Partial Redemption of Preferred Securities |
Top 10 Split Trust Announces Partial Redemption of Preferred Securities |
|
|
Top 10 Split Trust Announces Partial Redemption of Preferred Securities
TORONTO, ONTARIO--(Marketwire - March 23, 2011) - Top 10 Split Trust (the "Fund") (TSX:TXT.UN)(TSX:TXT.PR.A) has announced that the Fund will effect a partial redemption of its preferred securities ("Preferred Securities") in order to maintain an equal number of Preferred Securities and capital units ("Capital Units") of the Fund outstanding. The partial redemption of Preferred Securities is being made in connection with the recent approval by holders of the Capital Units and the Preferred Securities (collectively, the "Securityholders") of a proposal to extend the term of the Fund for an additional five-year term until March 31, 2016 and for automatic successive five-year terms thereafter.
View More : http://www.marketwire.com/mw/release.do?id=1416698&sourceType=3
|
|
|