Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2010 > News item |
Gleacher redeems all 14% series B preferreds for about $26.75 million
By Devika Patel
Knoxville, Tenn., Oct. 1 - Gleacher & Co. Inc. redeemed all of its series B mandatory redeemable preferred shares early on Sept. 28, according to an 8-K filed Friday with the Securities and Exchange Commission. The preferreds were issued in June 2008.
The company paid a total of about $26.75 million for the preferreds, which includes a call premium and unpaid 14% dividends.
The redemption will result in a one-time charge of about $1.6 million for the quarter ended Sept. 30.
Gleacher is an independent investment bank based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.