GUELPH, ON, May 27, 2014 /CNW/ - Co-operators General Insurance Company
("Co-operators General" or the "Company") confirmed today that it will
redeem all of its 4,600,000 issued and outstanding Class E Preference
Shares, Series D (the "Series D Shares") (TSX: CCS.PR.D) effective June
30, 2014 at a price of $25.00 per Series D Share (the "Redemption
Price"). The notice of redemption was mailed to registered holders on
May 26, 2014.
The regular quarterly dividend of $0.453125 per Series D Share for the
period from April 1, 2014 to June 30, 2014 will be paid on June 30,
2014 to holders of record on June 1, 2014. The dividend will be paid
separately from the Redemption Price. The Company will not declare any
further dividends on the Series D Shares.
The Series D Shares trade in the book-entry only system of CDS Clearing
and Depository Services Inc. and no individual share certificates have
The Company will deposit the Redemption Price of all Series D Shares
with Computershare Investor Services Inc. on or about June 27, 2014.
As of June 30, 2014, the Series D Shares in respect of which such
deposit shall have been made shall be redeemed and the rights of the
holders thereof after June 30, 2014 shall be limited to receiving,
without interest, their proportionate part of the total Redemption
Price so deposited.
Inquiries relating to the redemption payment may be directed to
Computershare Investor Services Inc., 100 University Ave., 8th Floor, Toronto, ON M5J 2Y1, Attention: Corporate Actions, tel: 1 (800)
About Co-operators General
With assets of more than $5.0 billion, Co-operators General is a leading
Canadian-owned multi-product insurance company. Co-operators General is
part of The Co-operators Group Limited, a Canadian-owned co-operative.
Through its group of companies it offers home, auto, life, group,
travel, commercial and farm insurance, as well as investment products.
The Co-operators is well known for its community involvement and its
commitment to sustainability, and is listed among the 50 Best Employers
For further information on Co-operators General, please visit www.cooperators.ca or www.sedar.com.
This document may contain forward-looking statements and forward-looking
information, including statements regarding the operations, objectives,
strategies, financial situation and performance of Co-operators
General. These statements generally can be identified by the use of
forward-looking words such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "plan", "would", "should",
"could", "trend", "predict", "likely", "potential" or "continue" or the
negative thereof and similar variations. These statements are not
guarantees of future performance and involve known and unknown risk,
uncertainties and other factors that may cause actual results or events
to differ materially from those anticipated in the forward-looking
statements or information. Although we believe that the expectations
reflected in the forward-looking statements and information are
reasonable, there can be no assurance that such expectations will prove
to be correct. Consequently, we make no representation that actual
results achieved will be the same in whole or in part as those set out
in the forward-looking statements and information. For further
information, refer to our First Quarter 2014 MD&A or our 2013 Annual
Report which are available at www.sedar.com.
SOURCE: The Co-operators
For further information:
Vice-President, Corporate Finance Services