securities
All securities of Pacific & Western Credit Corp. are listed for trading on the TSX.
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PWC
- Common Shares
PWC.PR.A
- Preferred Shares
- Convertible into Common Shares on the basis of 4.608 Preferred Shares for 1 Common Share
- Dividends at a rate of $0.21 per share per annum paid on
December 31 - Redeemable by the Corporation for $3.00 plus accrued and unpaid cumulative dividends
PWC.PR.B
- Preferred Shares
- Convertible into Common Shares on the basis of five (5) Common Shares for each Class "B" Preferred Share
- Dividends at the rate of $2.25 per share per annum, paid quarterly on the last day of March, June, September and December in each year. Out of the total dividend of $2.25 per annum, per Class "B" Preferred Share, $0.84 will be paid by the Corporation in cash with the remaining dividends to be paid by the Corporation in cash or Common Shares of the Corporation, at the Corporation's sole discretion.
- Variable Weight Adjusted Price (VWAP) used to determine the share component of the quarterly dividend on PWC's Class B Preferred Shares
- March 31, 2013 - $1.390
- December 31, 2012 - $1.401
- September 30, 2012 - $1.515
- June 30, 2012 - $1.756
- March 31, 2012 - $1.929
- December 31, 2011 - $1.150
- September 30, 2011 - $1.801
- June 21, 2011 - $2.017
- March 31, 2011 - $3.329
- December 31, 2010 - $3.109
- September 30, 2010 - $2.998
- June 30, 2010 - $2.990
- March 31, 2010 - $3.839
- Redeemable by the Corporation on or after June 30, 2014, but will be redeemed by the Corporation by no later than June 30, 2019, in each case for $25.00 per Class "B" Preferred Share
PWC.NT.C
- Series C Notes maturing October 16, 2018
- Convertible into Common Shares of the Bank held by PWC. The conversion price is proposed to be fixed at the greater of $10.00 per common share or the IPO price of the Bank's common shares until October 16, 2016, and thereafter at the greater of $12.00 per common share or the IPO price of the Bank's common shares until maturity of the Series C notes on October 16, 2018
- Interest of 9% per annum paid semi-annually on June 30 and December 31, PWC has the option, as at June 30, 2014, provided that the Bank has completed its IPO and the Bank's common shares have been listed on the Toronto Stock Exchange, to satisfy all future interest obligations of its issued and outstanding Series C notes either in cash or in kind in the form of common shares of the Bank held by PWC. The number of common shares of the Bank to be transferred to satisfy any in-kind payments on PWC's Series C notes will be based on a five-day volume-weighted average trading price of the Bank's common shares on the Toronto Stock Exchange at the time of issuance
NOTE: The above information is of a summary nature only. Specific terms and conditions of the securities are based on the securities offering documents. Users of this website should read the original offering documentation before making any investment decisions.
Prospectus