NB Split to redeem $7.69 million preferreds on Dec. 29 at $32.72

By Melissa Kory

Cleveland, Dec. 16 - NB Split Corp. announced it will redeem $7,694,108, or 31.05%, of its preferred shares on Dec. 29.

The 235,150 shares will be redeemed on a pro rata basis at a price of $32.72 per share, for payment on Dec. 30.

Following the redemption, about 1,044,248 capital shares and 522,124 preferred shares will remain outstanding, a net asset value of $37.7 million.

NB Split is a Toronto-based corporation, investing in common shares of the National Bank of Canada.

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