8% increase in aggregate distributions declared, per weighted average trust unit and participating preferred share
, respectively, while maintaining a payout ratio of 85.
para]] Measurement of Aggregate HPA Amount Per 5% Series A and 5% Series B Participating Preferred Share
(1) March 31, 2015 [[/para]]
in thousands of Canadian dollars, except per trust unit and participating preferred share
amounts, unless otherwise stated)
5708 per trust unit and participating preferred share
beginning with the distribution payable on March 15, 2005 to trust unitholders and participating preferred shareholders of record on February 28, 2005.
Based on IESI's results from operations for the three months ended March 31, 2005, management is confident that IESI is on track to deliver the 12% accretion to free cash flow available for distribution(B) per weighted average trust unit and participating preferred share
announced during the marketing of the Fund's subscription receipts offering that closed into escrow on January 5, 2005.
The Company will issue to VIMAC Series A Convertible Preferred shares, convertible into units comprised of one Series B convertible Participating Preferred Share
and one Common Share Purchase Warrant.
Each Right will entitle shareholders to buy one one-hundredth of a new series of junior participating preferred share
at an exercise price of $13.
Each Right initially entitles the shareholder to purchase one one-thousandth of a Series A Junior Participating Preferred Share
5% Series C Participating Preferred Shares
(NYSE: AMHPRA, AMHPRB and AMHPRC).
As previously announced, it is a condition to the closing of the merger transaction (as described in the Merger Agreement) that the Merger Agreement be approved by the affirmative vote of (i) the holders of at least 66 2/3% of the Company's Ordinary Shares and the Company's Cumulative Convertible Participating Preferred Shares
(the "Convertible Preferred Shares") outstanding (voting on an as-converted basis), voting together as a single class, and (ii) a majority of the Company's Ordinary Shares (excluding generally any Ordinary Shares owned by the Investors, the Company or any of their respective affiliates (the "Owned Shares")), attending and voting at the Extraordinary General Meeting (whether in person or by proxy) (the "Requisite Shareholder Approval").
The Board of Trustees also declared a per share quarterly distribution on the Company's participating preferred shares
Each right will entitle shareholders to buy one one-thousandth of a share of a new series of junior participating preferred shares
at a purchase price of $30, subject to adjustment.