Algonquin Mercantile Corporation Company Announcement.TORONTO--(BUSINESS WIRE)--March 21, 1997--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). AM.) Algonquin Mercantile Relating to trade or commerce; commercial; having to do with the business of buying and selling; relating to merchants. A mercantile agency is an individual or company in the business of collecting data about the financial status, ability, and credit of individuals Corporation reports that it has realized a gain of approximately $1.2 million as a result of the sale of Class E Preferred Shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of Consolidated Enfield Corporation. The shares are a part of Algonquin's investment portfolio and were tendered to Consolidated Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. Express Limited pursuant to an offer to purchase all of the Consolidated Enfield Corporation Class E Preferred Shares. This gain ($0.17 per share) will be reported in the Company's first quarter earnings. CONTACT: Algonquin Mercantile Corporation Winston R. Ash, 905/841-4473 905/841-2714 (FAX) |
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