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Flow Capital to redeem $14 million of 8% convertibles on Nov. 15
By Sarah Lizee
Olympia, Wash., Oct. 10 – Flow Capital Corp. plans redeem $14 million of its $16,958,000 of 8% convertible subordinated debentures on Nov. 15, according to a press release.
The company intends to use available funds to pay the redemption price.
The redemption price will be par plus accrued interest to but excluding the redemption date. Each holder will receive $1,030.25 per $1,000 principal amount.
The company noted that the last day for submitting conversion elections is the close of business on Oct. 30. It will reopen on Nov. 18 for conversions of debentures not redeemed as of Nov. 15.
Flow is a Toronto-based diversified alternative asset investor and adviser.
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