Press release from Marketwire
Canadian General Investments, Limited: Closing of $75 Million Preferred Share Public Offering
Thursday, May 30, 2013
Canadian General Investments, Limited: Closing of $75 Million Preferred Share Public Offering09:23 EDT Thursday, May 30, 2013
TORONTO, CANADA--(Marketwired - May 30, 2013) - Canadian General Investments, Limited (the "Company") (TSX:CGI)(TSX:CGI.PR.C) announced today that it has completed its public offering of $75,000,000 (3,000,000 shares), 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 (TSX:CGI.PR.D).
The net proceeds of this offering will be used, together with available cash, to repay a short-term loan used to fund the previously announced redemption of its $75,000,000, 4.65% Cumulative Redeemable Class A Preference Shares, Series 2 (TSX symbol: CGI.PR.B), which was completed on May 29, 2013 for an aggregate amount of $75,716,610 (including accrued and unpaid dividends from March 15, 2013 to May 28, 2013). This redemption was in accordance with the terms of the governing short form prospectus.
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President & CEO
(416) 366-2729 (FAX)