Financial 15 Split Corp: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider : Reuters Investment Profile
NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
Financial 15 Split Corp Announces Overnight Offering
Financial 15 Split Corp announced that it has completed the overnight marketing of up to 1,352,000 Preferred Shares and up to 1,352,000 Class A Shares. Total proceeds of the offering are expected to be approximately $25 million. The Company has granted the Dealers an overallotment of 202,800 units if exercised, bringing the total to $28.7 million. The offering was co-led by National Bank Financial Inc., CIBC World Markets Inc. and RBC Capital Markets and also included BMO Nesbitt Burns Inc., Canaccord Genuity Corp and GMP Securities L.P. The sales period of this overnight offering has ended. The Preferred Shares will be offered at a price of $10.00 per Preferred Share to yield 5.25% and the Class A Shares will be offered at a price of $8.50 per Class A Share to yield 17.7%. The closing price of each of the Preferred Shares and the Class A Shares on October 30, 2013 on the TSX was $10.07 and $9.28, respectively. The proceeds of the secondary offering, net of expenses and the Agents' fee, will be used by the Company to invest in a portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers.
Latest Developments forFinancial 15 Split Corp
Latest Key Developments inMutual
- Share this
- Digg this