The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

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 Offering

09:23 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:

Contact Information:
Canadian General Investments, Limited
Jonathan A. Morgan
President & CEO
(416) 366-2931
(416) 366-2729 (FAX)
cgifund@mmainvestments.com
www.mmainvestments.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections