Pacific & Western Credit Corp. Announces Issuance of $33.2 Million Class "B" Preferred Shares

    LONDON, ON, Aug. 31 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) is
pleased to announce that approximately $33.2 million of new Class "B"
Preferred Shares of PWC will be issued today as a result of conversions of
approximately 828,000 Class "A" Preferred Shares, $3.3 million of Series A
Notes and $27.4 million of Series C Notes. In addition, approximately $6.8
million of Series C Notes of PWC will be issued today as a result of the
conversion of approximately $5.6 million of Series A Notes.
    The TSX has approved the listing of PWC's new Class "B" Preferred Shares,
subject to the receipt of standard documentation. Trading of the Class "B"
Preferred Shares is expected to commence on the TSX on or about Tuesday,
September 8, 2009.
    David Taylor, President & C.E.O stated that, "We are very pleased that
our new class of preferred shares has been so well received by the investing

    Pacific & Western Credit Corp.'s shares trade on the TSX under the symbol

    To receive company news releases, please contact:
    Carla McPhee at, (519) 675-4204

For further information:

For further information: Investor Relations: Wade MacBain at (800)
244-1509 or; Public Relations & Media: Tel
Matrundola, Vice-President, (416) 203-0882,; Visit our website

Organization Profile

Pacific & Western Credit Corp.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890