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Tag Archives: Canada Gen Investment Corporation
GM Buys Back all Series A Preferred Stock
The preferred shares had a liquidation preference of $25 per and accrued cumulative dividends at a rate equal to 9% annually, which was an expensive ~$350 million annual cost. GM used cheaper debt to buy the stock. Continue reading
Posted in financial results
Tagged autoinformed, autoinformed.com, Canada Gen Investment Corporation, Ken Zino, veba
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