Canadian General Investments, Limited Redeems $75 Million Class A Preference Shares, Series 4 Funded by Margin Borrowing
Canadian General Investments, Limited Redeems $75 Million Class A Preference Shares, Series 4 Funded by Margin Borrowing
TORONTO, Canada, June 12, 2023 (GLOBE NEWSWIRE) -- Canadian General Investments, Limited (CGI or the Company) (TSX: CGI) (LSE: CGI) today completed the previously announced redemption of its $75,000,000 3.75% Cumulative Redeemable Class A Preference Shares, Series 4. This redemption was in accordance with the terms of the Series 4 shares.
加拿大多伦多，2023年6月12日(环球网)--加拿大通用投资有限公司(CGI或公司)(多伦多证券交易所股票代码：CGI)(伦敦证券交易所代码：CGI)今天完成了先前宣布的赎回其价值75,000,000 3.75%的累积可赎回A类优先股系列4。
The aggregate amount of $75,685,800 (including accrued and unpaid dividends from March 15, 2023 to, but excluding, June 12, 2023) was funded primarily through margin borrowing pursuant to a prime brokerage services agreement the Company had entered into with a Canadian chartered bank in 2021.
总额75,685,800美元(包括2023年3月15日至2023年6月12日(但不包括2023年6月12日)的应计和未支付股息)主要通过保证金借款提供资金，这是根据本公司于2021年与一家加拿大特许银行签订的大宗经纪服务协议。
CGI has engaged in a leverage strategy since its first issuance of Class A preference shares in 1998 with the intent to enhance returns to common shareholders. As at June 12, 2023, the total leverage of $175 million in margin borrowing was 15.7% of CGI's net assets.
CGI自1998年首次发行A类优先股以来，一直实施杠杆战略，目的是提高普通股股东的回报。截至2023年6月12日，融资融券的总杠杆率为1.75亿美元，占CGI净资产的15.7%。
FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: cgifund@mmainvestments.com
website:
欲了解更多信息，请联系：
加拿大通用投资有限公司
乔纳森·A·摩根
总裁与首席执行官
电话：(416)366-2931
传真：(416)366-2729
电子邮件：邮箱：cgifund@mmainvestments.com
网站：
译文内容由第三方软件翻译。