Brascade Corporation: Class 1 Senior Preferred Shares, Series B.TORONTO -- Brascade Corporation announced today that its Class 1 Senior 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. , Series B (the "Senior B Preferred Shares") will commence trading under the stock symbol BCA BCA Business Case Analysis BCA Building Code of Australia BCA Boeing Commercial Airplanes BCA Board of Contract Appeals BCA Boston Center for the Arts BCA Billiard Congress of America BCA Bureau of Criminal Apprehension BCA Breast Cancer Action .PR.B at the start of business on Wednesday, September 22, 2004. As previously announced, on the amalgamation of Brascade Resources Inc. with a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Brascan Corporation on September 13, 2004 to form Brascade Corporation, the Cumulative Redeemable Preferred Shares Series B of Brascade Resources were converted into the Senior B Preferred Shares of Brascade Corporation on a one-for-one one basis. Holders of the Series B Preferred Shares of Brascade Resources do not need to take any action to receive their Senior B Preferred Shares of Brascade Corporation. Their existing preferred shares represent the Senior B Preferred Shares, until replaced against transfer. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. concerning the company's business and operations. The Company cautions that, by their nature, forward-looking statements involve risk and uncertainty and the company's actual results could differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Information Form for a description of the major risk factors. Brascade Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BCA.PR.B) |
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