GMP Capital Inc
SymbolGMP
Shares Issued64,070,884
Close 2009-11-11C$ 12.65
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GMP Capital to redeem Series A preferred shares

2009-11-12 14:55 ET - News Release

Mr. Rocco Colella reports

GMP CAPITAL INC. TO REDEEM ALL SERIES A PREFERRED SHARES OUTSTANDING

GMP Capital Inc. will redeem for cash, on Dec. 18, 2009, all of its Series A preferred shares outstanding. GMP will pay $7.15 per share (representing a prescribed premium of 10 per cent to the designated capital of each share) and a further sum of 13.9 cents per share (representing all accrued and unpaid dividends up to but not including the redemption date), resulting in a total redemption price of $7.289 per share. Currently, there are 6,153,900 Series A preferred shares outstanding.

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