Examples of Series 2 Preferred Shares in a sentence
The Series 2 Preferred Shares, with an aggregate issue value of P10 billion, were offered during the period October 20-24, 2014 pursuant to the order of registration and the permit to sell issued by the SEC on October 17, 2014.
The Series 2 Preferred Shares were issued and listed on the PSE on November 3, 2014.
The proceeds from the new credit facilities were used to: (i) repurchase all of the outstanding common shares, not previously held by ONCAP and management shareholders; (ii) repay the outstanding Class B Debentures plus accrued interest; and (iii) pay all accrued interest and dividends associated with the Convertible Units and Series 2 Preferred Shares.
The Class Meeting will be held at the same time and place as the special meeting (the “Special Meeting”) of the holders of Common Shares and Series 2 Preferred Shares for the purposes set out in the accompanying Notice of Special Meeting.
Holders of the Series 2 Preferred Shares will be entitled to receive non-cumulative quarterly floating dividends, as and when declared by the Board of Directors of Empire Life, at a rate equal to the three-month Government of Canada Treasury Bill yield plus 4.99%.