Prime Dividend Corp.: Special Retraction Right-No Preferred Shares to Be Called
08 Décembre 2011 - 3:00PM
Marketwired
The Company today announced that it will not be calling any
Preferred shares in connection with the completion of the Special
Retraction Right that expired on December 1, 2011. This Special
Retraction Right was offered to shareholders as a result of the
extension of the Company's termination date approved by
shareholders at a special meeting held on November 3, 2011.
In order to maintain the requirement that the same number of
each class of shares remain outstanding after completion of the
Special Retraction, it is expected that any required equalization
adjustments will be done by making an adjustment to the number of
Class A shares outstanding. Any such adjustment to the number of
Class A shares held by each Class A investor will not affect the
value of their investment.
The Company will provide an update on any adjustments to be made
to the Class A shares that may be required to equalize the number
of shares outstanding for each class of shares once final details
are known on or before January 16, 2012.
Contacts: Prime Dividend Corp. Investor Relations 416-304-4443
or toll free at 1-877-4-Quadra
(1-877-478-2372)www.primedividend.com.
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