World Financial Split Corp. Announces Partial Redemption of Preferred Shares
June 25 2018 - 4:01PM
(TSX:WFS) World Financial Split Corp. (the “Fund”) will effect a
partial redemption of its Preferred Shares in order to maintain an
equal number of Preferred Shares and Class A Shares of the Fund
outstanding in accordance with the Fund’s articles. The partial
redemption of Preferred Shares is being made in connection with the
automatic seven-year extension of the term of the Fund from June
30, 2018 until June 30, 2025 (the “Extension”).
Pursuant to the special retraction right granted to shareholders
in connection with the Extension, 444,251 Preferred Shares and
872,864 Class A Shares were surrendered for retraction. In order to
maintain an equal number of Preferred Shares and Class A Shares,
the Fund will redeem up to 428,613 Preferred Shares on a pro rata
basis from all holders of record of Preferred Shares on July 11,
2018. Each Preferred Share that is redeemed pursuant to the partial
redemption will be redeemed at a price equal to $10.00, being the
original issue price per Preferred Share, plus declared and unpaid
distributions thereon (the “Repayment Price”). The Repayment Price
will be paid to holders whose Preferred Shares are redeemed by the
Fund on or before July 13, 2018.
About Strathbridge Asset Management Inc.
Strathbridge Asset Management Inc. manages 10 closed-end mutual
funds listed on the TSX. Strathbridge is one of Canada’s most
experienced option strategy managers, with over 20 years
experience. For further information, please contact Investor
Relations at 416.681.3966, toll free at 1.800.725.7172, email at
info@strathbridge.com or visit www.strathbridge.com.
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John Germain, Senior
Vice-President, CFO |
Strathbridge Asset
Management Inc. 121 King Street West Suite 2600Toronto,
Ontario, M5H 3T9 416.681.3966;
1.800.725.7172www.strathbridge.cominfo@strathbridge.com |
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