Canadian General Investments, Limited Enters Into $75 Million Credit Facility
(firmenpresse) - TORONTO, CANADA -- (Marketwired) -- 06/07/16 -- Canadian General Investments, Limited ("CGI") (TSX: CGI)(TSX: CGI.PR.C)(TSX: CGI.PR.D)(LSE: CGI) announced today that it has entered into an agreement with a Canadian chartered bank for a $75 million three-year fixed rate secured credit facility. Proceeds from the facility will be used to fund the previously announced June 10, 2016 redemption of its $75 million 3.90% Cumulative Redeemable Class A Preference Shares, Series 3 (TSX symbol: CGI.PR.C), and on an ongoing basis as part of CGI''s overall leverage strategy.
CGI has engaged in a leverage strategy since its first issuance of Class A preference shares in 1998 in an effort to enhance returns to common shareholders.
Contacts:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
(416) 366-2931
(416) 366-2729 (FAX)
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Datum: 07.06.2016 - 12:20 Uhr
Sprache: Deutsch
News-ID 1440047
Anzahl Zeichen: 2933
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TORONTO, CANADA
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Kategorie:
Personal Finance
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