Income STREAMS III: Announces Regulatory Approval for Merger into Dividend 15 Split Corp
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 11/14/13 -- The Board of Directors of Income STREAMS III Corporation ("IS STREAMS") is pleased to announce that IS STREAMS has received final regulatory approval to proceed with the merger into Dividend 15 Split Corp ("Dividend15") on or about December 1, 2013. The merger was previously overwhelmingly approved by 97% of voting shareholders at the IS STREAMS shareholder meeting held on July 10, 2013.
Under the merger timeline, all Capital Yield (TSX symbol STQ) and Equity Dividend (TSX symbol STQ.E) shares outstanding on December 1, 2013 will automatically be exchanged into an equal dollar amount of Dividend 15 units. One unit of Dividend 15 is comprised of one Class A share (TSX symbol DFN) and one Preferred share (TSX symbol DFN.PR.A). The merger will be based on the applicable relative net asset value (NAV) exchange ratio on November 28, 2013. This process will occur automatically and no further action is required by STQ or STQ.E shareholders wishing to participate in the merger.
For full details on the merger, please review the Notice of Special Meeting of Shareholders and the Management Information Circular which is available on SEDAR and the Company's website at .
Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect", "intend", "will" and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company's current expectations regarding future results or events. These forward- looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.
Contacts:
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416-304-4443 or toll free 1-877-4-Quadra (1-877-478-2372)
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Datum: 14.11.2013 - 22:46 Uhr
Sprache: Deutsch
News-ID 316930
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