Westmoreland Coal Company (WLBPZ) 52.52 $WLBPZ
Post# of 273257
Posted On: 09/03/2016 3:13:58 PM
Westmoreland Coal Company (WLBPZ) 52.52 $WLBPZ
Westmoreland to Redeem Series A Preferred Stock
BusinessWire - Tue Dec 30, 2:41PM CST
Westmoreland Coal Company (NasdaqGM:WLB, "Westmoreland"
announced today that its Board of Directors has called for redemption all of Westmoreland's outstanding Series A Convertible Exchangeable Preferred Stock, which is traded publicly on NASDAQ in the form of Depositary Shares (NASDAQ:WLBPZ). Official notice will be sent to all holders on or about January 5, 2015 with a redemption date of February 4, 2015 (the "Redemption Date". Each holder of Depositary Shares will be entitled to $25.00 per Depositary Share, plus accrued interest, on the Redemption Date. The Series A Preferred Stock, and underlying Depositary Shares, will cease to be outstanding and all rights with respect to such stock will cease and terminate (including, but not limited to, the right to receive dividends from and after the Redemption Date) as of February 4, 2015.
WLB: 8.31 (+0.06), WLBPZ: 52.52 (-0.82)
Westmoreland to Redeem Series A Preferred Stock
BusinessWire - Tue Dec 30, 2:41PM CST
Westmoreland Coal Company (NasdaqGM:WLB, "Westmoreland"
announced today that its Board of Directors has called for redemption all of Westmoreland's outstanding Series A Convertible Exchangeable Preferred Stock, which is traded publicly on NASDAQ in the form of Depositary Shares (NASDAQ:WLBPZ). Official notice will be sent to all holders on or about January 5, 2015 with a redemption date of February 4, 2015 (the "Redemption Date". Each holder of Depositary Shares will be entitled to $25.00 per Depositary Share, plus accrued interest, on the Redemption Date. The Series A Preferred Stock, and underlying Depositary Shares, will cease to be outstanding and all rights with respect to such stock will cease and terminate (including, but not limited to, the right to receive dividends from and after the Redemption Date) as of February 4, 2015. WLB: 8.31 (+0.06), WLBPZ: 52.52 (-0.82)
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