💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Acadian Timber Corp Announces Internalization Of Asset Management Function

Published 2019-09-09, 04:57 p/m
© Reuters.  BRIEF-Acadian Timber Corp Announces Internalization Of Asset Management Function
ADN
-

Sept 9 (Reuters) - Acadian Timber Corp ADN.TO :

* ACADIAN TIMBER CORP. ANNOUNCES INTERNALIZATION OF ASSET MANAGEMENT FUNCTION

* ACADIAN TIMBER CORP - ANNUAL PERFORMANCE FEE AND ANY OTHER FEES PAYABLE BY COMPANY TO BROOKFIELD LP WILL BE ELIMINATED EFFECTIVE IMMEDIATELY

* ACADIAN TIMBER - MARK BISHOP & MATTHEW GROSS HAVE EACH RESIGNED FROM POSITIONS AS CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF ACADIAN

* ACADIAN TIMBER CORP - AGGREGATE CONSIDERATION PAYABLE TO BROOKFIELD LP IN CONNECTION WITH INTERNALIZATION IS $18 MILLION, WHICH WILL BE SATISFIED IN CASH

* ACADIAN TIMBER CORP - ERIKA REILLY, FORMER CFO OF ACADIAN SECONDED AS INTERIM PRESIDENT AND CEO

* ACADIAN TIMBER - BRIAN BANFILL, ALSO A FORMER CFO OF ACADIAN, ASSUMED ROLE OF INTERIM CFO

* ACADIAN TIMBER CORP - INTERNALIZATION IS IMMEDIATELY ACCRETIVE TO CO'S FREE CASH FLOW PER COMMON SHARE BY APPROXIMATELY 5%

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.