{"id":293043,"date":"2009-06-03T10:10:00","date_gmt":"2009-06-03T15:10:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/pacific-western-credit-proposes-share-conversion\/"},"modified":"2009-06-03T10:10:00","modified_gmt":"2009-06-03T15:10:00","slug":"pacific-western-credit-proposes-share-conversion","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/industry-news\/pacific-western-credit-proposes-share-conversion\/","title":{"rendered":"Pacific &#038; Western Credit proposes share conversion"},"content":{"rendered":"<p>PWC plans to give its Class A preferred shareholders, Series A noteholders and Series C noteholders the opportunity to convert into the new Class B preferred shares, the financial services holding company said Wednesday.<BR><BR>In addition, the Series A noteholders will, upon approval, have the opportunity to convert to Series C notes. All conversions are strictly voluntary, the company says.<BR><BR>\u201cPWC is pleased to offer its shareholders and noteholders a new attractive investment vehicle,\u201d says David Taylor, president &#038; CEO.<BR><BR>\u201cWe may consider doing offerings of the Class B preferred shares in the future. Any proceeds of such offerings would be used to increase the regulatory capital of PWC\u2019s wholly owned subsidiary, Pacific &#038; Western Bank of Canada, and provide working capital for PWC,\u201d Taylor adds.<BR><BR>Special meetings of PWC\u2019s common shareholders, Class A preferred shareholders, Series A noteholders and Series C noteholders are scheduled for June 26 in London, Ont.<BR><BR><b>IE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Special meetings set for June 26<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2318],"tags":[3506],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/293043"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=293043"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/293043\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=293043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=293043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=293043"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=293043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}