Winnipeg Free Press - ONLINE EDITION
Posted: 03/6/2013 2:37 PM | Comments: 0
Just after its $80-million acquisition of Florida aircraft and engine aftermarket parts business, Regional One, Exchange Income Corp. is raising $60 million in a convertible debenture offering.
The company will pay 5.35 per cent interest on the debentures that will mature in seven years on March 31, 2020.
The debentures are convertible to common shares at the holders option at any time before the conversion date a price of $41.60 per common share, a conversion rate of 24.0385 common shares for every $1,000 principal amount of debenture.
In afternoon trading on Wednesday, EIC’s shares were trading at $28.45, down 36 cents today,.
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Stoughton comes up short at Brier
Sifuentes wins bronze at world track event
Jets fall to Sens
Two charged after taxi damaged, driver robbed
Confusion over water pipe wait
STARS to fly in emergencies
Railways face big fines
Closing the gender gap in Manitoba
Happy birthday and goodbye
A journey of many footsteps
An area rich in synagogues
'Status quo' report incites outrage
This was no isolated incident