Quebecor World holders convert 66,601 series 5 preferreds into voting shares

By Angela McDaniels

Tacoma, Wash., Dec. 1 - Quebecor World Inc. said 66,601 of its series 5 cumulative redeemable first preferred shares were slated to convert into subordinate voting shares on Monday.

The conversion rate is 13.578125 subordinate voting shares per preferred. The company said the rate was set on Thursday and takes into account accrued dividends.

The new subordinate voting shares are being issued to preferred holders who submitted notices of conversion by Sept. 26, according to a company news release.

On March 1, 2008, 3.98 million of the preferreds were converted into subordinate voting shares at a rate of 12.93125 subordinate voting shares per preferred.

Computershare Investor Services Inc. is transfer agent and registrar.

Quebecor, a Montreal-based printing and marketing company, filed for Chapter 11 bankruptcy on Jan. 21, 2008 in the U.S. Bankruptcy Court for the Southern District of New York and filed for protection under the Companies' Creditors Arrangement Act in Canada. Its Chapter 11 case number is 08-10152.

© 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.