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Published on 5/30/2013 in the Prospect News Canadian Bonds Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

Canadian General redeems C$75 million of 4.65% series 2 preferreds

By Tali David

Minneapolis, May 30 - Canadian General Investments, Ltd. redeemed its C$75 million of 4.65% cumulative redeemable class A preference shares, series 2, according to a press release.

The preferreds were redeemed on May 29 for an aggregate amount of C$75,716,610, including accrued dividends from March 15 to May 28.

The redemption was funded by a short-term loan.

Canadian General is a Toronto-based closed ended equity mutual fund launched and managed by Morgan Meighen & Associates Ltd.


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