Closing of $75 Million Pfd Share Public Offering

RNS Number : 9233F

Canadian General Investments Ld

30 May 2013

 



NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR:   CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.C, CGI.PR.D

MAY 30, 2013

Canadian General Investments, Limited

Closing of $75 Million Preferred Share Public Offering

TORONTO, CANADA -- Canadian General Investments, Limited (the "Company") announced today that it has completed its public offering of $75,000,000 (3,000,000 shares), 3.75% Cumulative Redeemable Class A Preference Shares, Series 4 (TSX symbol: CGI.PR.D).

The net proceeds of this offering will be used, together with available cash, to repay a short-term loan used to fund the previously announced redemption of its $75,000,000, 4.65% Cumulative Redeemable Class A Preference Shares, Series 2 (TSX symbol: CGI.PR.B), which was completed on May 29, 2013 for an aggregate amount of $75,716,610 (including accrued and unpaid dividends from March 15, 2013 to May 28, 2013). This redemption was in accordance with the terms of the governing short form prospectus.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan

President & CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.mmainvestments.com

 

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