Mining & Metals
Premium Global Income Split Fund Launches Overnight Offering
Premium Global Income Split Fund (PGIC.TO) said Thursday it launched an overnight treasury offering of preferred shares and Class A shares.The sales period will end at 8:30 a.m. ET on Sept. 11, with the offering expected to close on or about Sept. 18, subject to Toronto Stock Exchange approval and other customary conditions.The preferred shares will be offered at CA$10.75 each, representing a yield of 7.0%, while the Class A shares will be offered at CA$7.15 each, representing a yield of 13.4%.The shares closed Thursday at CA$11.00 for the preferred shares and CA$7.30 for the Class A shares on the TSX.
$PGIC
