Global 45 issues call to redeem class A shares and preferred stock

By Toni Weeks

San Diego, Aug. 23 - Global 45 Split Corp. has issued a call to fully redeem its class A shares and preferred shares on Sept. 30.

According to a press release, the holders of record of preferred shares on Sept. 30 will be paid a quarterly distribution of C$0.13125 per preferred share for the quarter ending Sept. 30. Class A shareholders will not receive any further distributions.

The redemption price of the preferred shares will be the lesser of C$10 and the net asset value of the company on Sept. 30 divided by the number of preferred shares outstanding plus the preferred share distribution.

The redemption price for a class A share will be equal to the net asset value per unit on Sept. 30 minus C$10.00.

For the purposes of calculating the net asset value per unit on Sept. 30, the preferred share distribution of C$0.13125 will be deducted.

Toronto-based Global 45 is an investment firm that invests in a portfolio consisting of common shares of the five largest companies in the world, by market capitalization, in nine industry sectors.

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