Given the assumptions made, the typical shareholder investing in Perry common stock
today expects dividends and capital gains to yield an average annual return of 21.6 percent on the initial investment.
The company said the reverse stock split will reduce the number of issued and outstanding common stock
from approximately 104m to approximately 4.3m.
FNB stockholders who made a valid stock election with respect to their shares of FNB common stock
will receive 12.6000 shares of Citizens common stock
for each of their shares, plus cash in lieu of any fractional share of Citizens common stock
Also, if the implied per share consideration for each share of FNIS common stock
falls below a floor of $19, FNF has the right to adjust the share exchange ratio to maintain an implied $19 per share consideration for each share of FNIS common stock
The earnings per incremental share equals the preferred Stock dividends (if deducted from income available to common shareholders in the basic EPS calculation) divided by the number of shares of common stock
issued from the assumed conversion.
Examples are convertible bonds and puttable common stock
. A convertible bond combines an obligation to pay cash-a liability-and an obligation to issue stock if the holder elects to convert the bond.
Accordingly, all stockholders of record date as of 22 February 2019 could elect to receive payment of the special dividend in cash or in shares of common stock
, until 8 March 2019.
SAN JUAN: OFG Bancorp elected to effect the conversion of all of its outstanding 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (the "Series C Preferred Stock") into OFG Bancorp common stock
pursuant to the terms of the Series C Preferred Stock.
(NYSE: AC) ("AC") has announced that it has commenced an offer to exchange up to 1,000,000 shares of its Class A common stock
, for shares of Class A common stock
of GAMCO Investors, Inc.
AmpliPhi Biosciences Corporation (NYSE MKT: APHB), a developer of therapies for antibiotic-resistant infections using bacteriophage technology, announced on Friday the approval by its board of directors of a one-for-ten reverse split of its outstanding common stock