Expected closing date is April 1
Offering expected to close March 31
Bank of Montreal plans a domestic public offering of $200 million of preferred shares.The net proceeds from the offering will be used by the bank for general corporate purposes, BMO says.The Non-Cumulative 5-year Rate Reset Class B Preferred Shares Series 21 will be issued to the public at a price of $25 per share and […]
Canadian deal volume, always modest, fell off a cliff last year
IPOs were among the hardest-hit stocks last year; the few big winners didn’t outweigh the underperforming majority
There were only a handful of non-resources IPOs in 2008, and the market has not been kind to them
For investors, opportunity may lie in preferred shares; for companies, there are other ways to go public
But firms find other ways to raise money
CIBC has completed its issue $200 million of preferred shares, the bank said Friday.The offering consisted of 8 million non-cumulative Rate Reset Class A Preferred Shares, Series 37, priced at $25 per Series 37 Share.The offering was made through a syndicate of underwriters led by CIBC World Markets Inc. The Series 37 Shares commence trading […]
Manulife Financial Corp. has completed its offering of 18 million preferred shares at a price of $25 per share for gross proceeds of $450 million, the company announced on Wednesday.The previously announced offering of non-cumulative 5-year rate reset class A shares, Series 4, was underwritten by a syndicate of investment dealers led by RBC Capital […]