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Mosaic Capital Corporation Announces Redemption of All Outstanding 10% Preferred Securities and Series A Shares and Retraction of All Outstanding Private Yield Securities
Mosaic Capital Corporation Announces Redemption of All Outstanding 10% Preferred Securitie...
About this update from Myriad Uranium Corp
[{"type":"text","content":"\n\n\n\nMosaic Capital Corporation Announces Redemption of All Outstanding 10% Preferred Securities and Series A Shares and Retraction of All Outstanding Private Yield Securities\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Feb. 10, 2017\n\n\n\nCALGARY, Feb. 10, 2017 /CNW/ - Mosaic Capital Corporation (\"Mosaic\") (TSX-V Symbols: M, M.PR.B, M.DB and M.DB.A) is pleased to announce that it has now completed the redemption of Mosaic's outstanding 10% unsecured subordinated perpetual preferred securities (the \"10% Preferred Securities\") and series A preferred shares (the \"Series A Shares\") and the retraction of Mosaic's outstanding series 1 private yield securities (the \"Private Yield Securities\").\n\nAs previously announced in Mosaic's news release dated January 9, 2017: (i) each 10% Preferred Security has been redeemed for a cash payment of $10.1096 for an aggregate redemption cost of approximately $105.9 million; (ii) each Series A Share has been redeemed for a cash payment of $10.1096 for an aggregate redemption cost of approximately $0.9 million; and (iii) each Private Yield Security has been retracted for a cash payment of $1,010.137 for an aggregate retraction cost of approximately $26.8 million.\n\nABOUT MOSAIC CAPITAL CORPORATION\n\nMosaic is a Canadian investment company that owns a portfolio of established businesses which span a diverse range of industries and geographies. Mosaic's strategy is to create long-term value for its shareholders through accretive acquisitions, long-term portfolio ownership, sustained cash flows and organic portfolio growth. Mosaic achieves its objectives by maintaining financial discipline, acquiring businesses at attractive valuations, performing extensive acquisition due diligence, utilizing creative transaction structuring and working closely with subsidiary businesses after acquisition. \n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this re...