Bank to issue preferred shares
Gross proceeds will now total $350 million, an increase from the $200 million originally expected
Offering will result in eight million shares sold for a total of $200 million
Manulife continues to be well capitalized and is able to withstand additional volatility
Private placement to raise $135 million
O’Leary Global Income Opportunities Fund has filed the final prospectus for its initial public offering of units, O’Leary Funds Management said Monday.The offering is expected to close on Feb. 27.The fund proposes to issue $150 million of units at a price of $12 per unit. Each unit consists of one transferable trust unit and one […]
CIBC has increased tthe size of the offering of its Series 35 Shares to 10 million shares as a result of strong investor demand, the bank said Tuesday.The gross proceeds of the offering of non-cumulative Rate Reset Class A Preferred Shares, Series 35 will now be $250 million.In addition, CIBC has granted the underwriters an […]
CIBC World Markets to act as underwriter
Series 35 shares to yield 6.5%
Underwriters have agreed to purchase an additional 3 million Toronto-Dominion Bank preferred shares, the bank said Friday.The purchase brings the total issue, which was announced on Jan. 22, to 15 million shares and gross proceeds raised under the offering to $375 million.The non-cumulative 5-Year Rate Reset Class A Preferred Shares, Series AG carry a face […]