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22/08/2009 00:00 AST
Western Financial Group Inc (WES.TO) said it would offer up to C$30 million ($27.4 million) of certain preferred shares at C$100 apiece.
The company said it would offer a minimum of C$15 million and a maximum of C$30 million of preferred shares, and use the proceeds for general corporate purposes and fund ongoing capital requirements of its units.
The preferred shares will be convertible into common shares at any time at the holders option at C$2.81 per common share, Western Financial said.
The preferred shares will be entitled to fixed cumulative cash dividends of C$9.00 per share per annum, the company said.
The financing is expected to close on Sept. 3.
Shares of the High River, Alberta-based company were trading down 7 percent at C$2.10 Thursday afternoon on the Toronto Stock Exchange.
Reuters
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
27/03/2025
President Donald Trump signed a proclamation to implement a 25 per cent tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an
Bloomberg
26/03/2025
Oil prices were little changed on Tuesday as markets weighed the impact of newly announced US tariffs on countries that buy Venezuelan oil and the uncertain outlook for global demand.
Brent
Reuters
25/03/2025
Global energy demand saw an above-average annual rise of 2.2 percent in 2024, fueled by rising electricity consumption and growth in emerging economies, according to a new report.
Analysis b
Arab News
24/03/2025
Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemic level of 3.7 percent, according to an International Monetary Fund official.
Sp
Arab News
24/03/2025
Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report showed.
The Organization for Economic C
Arab News
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