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Premium Income Corporation Successfully Partners with Syndicate of Agents for Overnight Offering of Preferred Shares
Oct 30, 2024•over 1 year ago
Contract Type
partnership
TorontoFinancial ServicesFinanceVenture CapitalAngel InvestmentDescription
Premium Income Corporation has announced a successful overnight treasury offering of 4,350,000 Preferred Shares, with gross proceeds of $65,250,000. The offering is expected to close on or about November 6, 2024, and is subject to certain closing conditions, including approval by the Toronto Stock Exchange (“TSX”). The Preferred Shares will be offered at a price of $15.00 per Preferred Share, representing a yield on the original issue price of 8.50%.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months