Examples of Series 7 Preferred Units in a sentence
In January 2017, our partnership issued 12 million Series 7 Preferred Units, at C$25 per unit with a quarterly fixed distribution at a rate of 5.00% annually for the initial period ending March 31, 2022.
At any meeting of holders of Series 7 Preferred Units as a series, each such holder shall be entitled to one vote in respect of each Series 7 Preferred Unit held.
The Underwriters’ fee indicated in the table assumes that no Series 7 Preferred Units are sold to such institutions.
Subscriptions for the Series 7 Preferred Units will be received subject to rejection or allotment in whole or in part and the right is reserved to close the subscription books at any time without notice.
No other voting rights shall attach to the Series 7 Preferred Units in any circumstances.
The Partnership understands that a purchaser of Series 7 Preferred Units will receive only a customer confirmation from the registered dealer who is a CDS participant and from or through whom the Series 7 Preferred Units are purchased.
The Underwriters may offer the Series 7 Preferred Units at a price lower than that stated above.
In connection with the Offering, the Underwriters may over-allot or effect transactions which stabilize or maintain the market price of the Series 7 Preferred Units at a level above that which might otherwise prevail in the open market.
On the Closing Date, a book entry only certificate representing the Series 7 Preferred Units will be issued in registered form only to CDS Clearing and Depository Services Inc.
Partners of partnerships that hold the Series 7 Preferred Units should consult their own tax advisers.