Earnings
March 21, 2019 - SLF
New! Sun Life Financial Inc. 2018 Earnings & Price Target Update .....
March 20, 2019 - MFC
New! Manulife Financial Corp. 2018 Earnings & Price Target Update .....
March 19, 2019 - NPI
Northland Power Inc. 2018 Earnings & Price Target Update .....
March 17, 2019 - PKI
Parkland Fuel Corp. 2018 Earnings & Price Target Update .....
March 16, 2019 - DR
Medical Facilities Corp. 2018 Earnigns & Price Target Update .....
March 15, 2019 - NFI
New Flyer Group Inc. 2018 Earnings & Price Target Update .....
March 14, 2019 - CNQ
Canadian Natural Resources Ltd. 2018 Earnings & 2019 Price Target .....
March 12, 2019 - SU
Suncor Energy Inc. 2018 Earnings & 2019 Price Target .....
Recommendation Changes
NPI, NFI, ALA, PPL, TRP, more...

Firm Capital Mortgage Investment Trust - New Convertible Debenture

This is only a sample of the article, please login to view the entire article

Firm Capital Mortgage Investment Trust (FC) is issuing $25M - 5.4% Convertible Unsecured Subordinated Debentures maturing on Jun-30-2025. The conversion price is $15.00 representing a 14% premium to the current share price of $13.16 This issue will close on or about Jun-21-2018.

The Debentures are not redeemable before Jun-30-2021. After Jun-30-2021 up to Jun-30-2023, they are redeemable provided the share price greater than 125% of the Conversion Price. After Jun-30-2023 the debentures are redeemable at any time up to maturity on Jun-30-2025.

This issue is expected to open at $100 and is recommended mainly for income.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
March 21, 2019
New! Atrium Mortgage Investment Corporation - New Convertible Debenture
March 15, 2019
Coverage Universe - Weekly Price Changes - Mar 8-15, 2019
March 8, 2019
Coverage Universe - Weekly Price Changes - Mar 1-8, 2019
March 7, 2019
Exchange Income Corp. 5.75% Convertible Debenture New Issue
March 4, 2019
Brookfield Renewable Energy Partners - 5.75% Rate Reset Preferred Share New Issue
March 2, 2019
Coverage Universe - Weekly Price Changes - Feb 22-Mar 1, 2019
February 22, 2019
Coverage Universe - Weekly Price Changes - Feb 15-22, 2019
February 15, 2019
Coverage Universe - Weekly Price Changes - Feb 8-15, 2019