TORONTO, June 25, 2018 (GLOBE NEWSWIRE) -- (TSX:WFS) World Financial Split Corp. (the “Fund”) will effect a partial redemption of its Preferred Shares in order to maintain an equal number of Preferred Shares and Class A Shares of the Fund outstanding in accordance with the Fund’s articles. The partial redemption of Preferred Shares is being made in connection with the automatic seven-year extension of the term of the Fund from June 30, 2018 until June 30, 2025 (the “Extension”).
Pursuant to the special retraction right granted to shareholders in connection with the Extension, 444,251 Preferred Shares and 872,864 Class A Shares were surrendered for retraction. In order to maintain an equal number of Preferred Shares and Class A Shares, the Fund will redeem up to 428,613 Preferred Shares on a pro ratabasis from all holders of record of Preferred Shares on July 11, 2018. Each Preferred Share that is redeemed pursuant to the partial redemption will be redeemed at a price equal to $10.00, being the original issue price per Preferred Share, plus declared and unpaid distributions thereon (the “Repayment Price”). The Repayment Price will be paid to holders whose Preferred Shares are redeemed by the Fund on or before July 13, 2018.
About Strathbridge Asset Management Inc.
Strathbridge Asset Management Inc. manages 10 closed-end mutual funds listed on the TSX. Strathbridge is one of Canada’s most experienced option strategy managers, with over 20 years experience. For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at email@example.com or visit www.strathbridge.com.
|John Germain, Senior Vice-President, CFO||Strathbridge Asset Management Inc.|
121 King Street West Suite 2600
Toronto, Ontario, M5H 3T9 416.681.3966; 1.800.725.7172
Commissions, trailing commissions, management fees and expenses all may be associated with fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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