Global Credit Pref Corp. Declares Quarterly Distribution.TORONTO -- The Board of Directors of Global Credit Pref Corp. ("the Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :GPA GPA abbr. grade point average Noun 1. GPA - a measure of a student's academic achievement at a college or university; calculated by dividing the total number of grade points received by the total number attempted .PR.A) has today declared a cash distribution of $0.3281 per Preferred Share consisting of a return of capital on such 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. equal to $0.3281 per share payable on April 28, 2006 to holders of record at the close of business on April 17, 2006. Global Credit Pref Corp. is a mutual fund corporation that issued 10-year redeemable, retractable cumulative Preferred Shares. The Company used the proceeds to gain exposure, by way of an equity forward sale agreement, to a structured credit linked note that offers exposure to the credit performance of an equally weighted portfolio of 129 companies. The Preferred Shares are listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol GPA.PR.A. Global Credit Pref Corp. (TSX:GPA.PR.A) |
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