VersaBank's Common Shares trade on the Toronto Stock Exchange under the symbol VB and its Series 1 Preferred Shares
and Series 3 Preferred Shares
trade under the symbols VB.PR.A and VB.PR.B, respectively.
Documents at the SEC show, the firm is selling 5 million redeemable and convertible preferred shares
at P100 per share with an oversubscription option of another 5 million shares.
Where a company is unable to borrow additional funds or issue new debt securities--whether because of concerns over the effect on credit ratings, debt covenant restrictions, or regulatory requirements--and does not wish to dilute earnings per share by issuing additional common shares, a preferred share
issuance is the only viable course.
The international and Brazilian underwriters were granted an option to purchase up to an additional 5,182,500 preferred shares
to cover overallotments.
In 2003, the net loss included $350,000 provision for loss on the four commercial properties and $300,000 in general and administrative expenses representing the value of preferred shares
issued during the first quarter to the former CEO for severance required under his employment contract.
...[A] non-tax paying corporation can take advantage of the dividend relief by issuing preferred shares
even though the income out of which the dividend has been paid has not borne tax....
Holders of depositary receipts, each representing one-twenty-fifth of a full preferred share
, will be paid $26.75 for each receipt held.
The Securities and Exchange Commission has approved a plan of Now Corp., which aspires to be the country's third telecom provider, to raise as much as P1 billion through an offering of preferred shares
The Series 3 Preferred Share
dividend of USD 0.175 per Series 3 Preferred Share
is payable, subject to the approval of the TSX, as of October 31, 2017 to shareholders of record at the close of business on October 6, 2017.
Integrated IT services supplier Inspur International Limited (SEHK:596) today announced that it has entered into a supplemental deed with Microsoft Corp (Nasdaq:MSFT), the strategic shareholder, to vary the terms of preferred shares
M2 EQUITYBITES-December 3, 2018-Nuveen closed-end funds provide notice of intent to redeem preferred shares