Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

  • Creatore Discussione Creatore Discussione Topgun1976
  • Data di Inizio Data di Inizio
Great Elm Capital (NASDAQ:GECC):
Q1 NII of $0.26 in-line.
Total investment income of $6.43M (+1.9% Y/Y) misses by $0.49M.
Press Release
...As of March 31, 2020, our asset coverage ratio was approximately 141.1%. We are subject to a Minimum ACR of 150.0%, per the proposal that was approved at our 2018 Annual Stockholders’ Meeting. As a result of falling below the Minimum ACR, we will be subject to certain limitations on our ability to incur additional debt, make cash distributions on junior securities or repurchase junior securities, in each case, in accordance with the Investment Company Act of 1940, as amended, and the indentures governing our outstanding notes, until such time we are above the Minimum ACR...
 
HOUSTON, TX / ACCESSWIRE / May 11, 2020 / Spark Energy, Inc. (SPKE)(SPKEP) (including its subsidiaries, "we," "our," "us," "Spark" or the "Company") today announced that it is commencing a tender offer to purchase up to 1,000,000 shares of its 8.75% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Stock, par value $0.01 per share (the "Series A Preferred Stock" or the "shares"), at a purchase price of $18.00 per share, in cash, less applicable withholding taxes and without interest. The number of shares proposed to be purchased in the tender offer represents approximately 27.7% of the Company's currently outstanding Series A Preferred Stock. The Company will use its cash on hand to fund the offer. The Company may also purchase additional shares, up to 2% of the Company's outstanding shares of Series A Preferred Stock (approximately 72,151 shares, based on 3,607,571 shares of Series A Preferred Stock issued and outstanding as of May 11, 2020. Pro forma for the tender offer, the Company expects to have a positive cash balance to maintain operational flexibility.
Pursuant to the tender offer, holders of the Company's Series A Preferred Stock may tender all or a portion of their shares. Holders will receive the purchase price in cash, subject to applicable withholding and without interest, subject to the conditions of the tender offer, including the provision relating to proration in the event that the number of shares properly tendered and not properly withdrawn exceeds 1,072,151 (assuming we purchase an additional 72,151 shares as described above). The proration of Series A Preferred Stock tendered in the tender offer is described in the Offer to Purchase and in the Letter of Transmittal relating to the tender offer that will be distributed to holders of Series A Preferred Stock and filed with the U.S. Securities and Exchange Commission (the "Commission").
 
Fabrib ha scritto:
Great Elm Capital (NASDAQ:GECC):
Q1 NII of $0.26 in-line.
Total investment income of $6.43M (+1.9% Y/Y) misses by $0.49M.
Press Release
...As of March 31, 2020, our asset coverage ratio was approximately 141.1%. We are subject to a Minimum ACR of 150.0%, per the proposal that was approved at our 2018 Annual Stockholders’ Meeting. As a result of falling below the Minimum ACR, we will be subject to certain limitations on our ability to incur additional debt, make cash distributions on junior securities or repurchase junior securities, in each case, in accordance with the Investment Company Act of 1940, as amended, and the indentures governing our outstanding notes, until such time we are above the Minimum ACR...
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Ho il BB 6,75% 2025 a un brutto PMC e non mi spiegavo come mai fosse rimasto così indietro.
 
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