Continental Health affiliates extends exchange offer.ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--Sept. 20--Continental Health Affiliates, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). , Bulletin Board: CTHL), announced today that is has extended its offer to exchange its 14 1/8 percent Subordinated Debentures for Convertible Preferred Stock Convertible Preferred Stock Preferred stock that includes an option for the holder to convert the preferred shares into a fixed number of common shares, usually anytime after a predetermined date. Also known as "convertible preferred shares". . The expiration date Expiration Date The day on which an options or futures contract is no longer valid and, therefore, ceases to exist. Notes: The expiration date for all listed stock options in the U.S. has been extended to Midnight, Oct. 4, 1996. The company has extended the offer to allow sufficient time for debenture holders to review the company's earnings report for its year-end June 30, 1996 which is expected to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. by Sept. 30, 1996. Pursuant to the terms of the offer, interest will continue to be paid on the debentures. CONTACT: CONTINENTAL HEALTH AFFILIATES, INC. S. Colin Neill, 201/567-4600 or Porter, Le Vay & Rose, Inc. L.B. Stuaffer, 212/564-4700 |
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