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.