Illinois Central plans 10 million convertible preferred stock issue
Shareholders authorized 10,000,000 preferred stock on April 17, 1922 to finance electrification and terminal construction. Offerings target existing common holders pro rata with rights to purchase. Subject to ICC approval, $10,922,800 of 6 percent convertible preferred stock to be offered with 10 percent subscription rights for holders of record May 14, 1922, expiring June 24, 1922.
MENTIONED IN THIS ARTICLE
Locke
Hlinois Centeal Railroad
Chicago
Interstate Commerce Commission
Diterture
Investment questions on preferred stocks and Liberty bonds
The letter discusses preferred stock rights and convertibility, asset and dividend implications, and tax considerations under Connecticut and federal rules. It evaluates bonds and stocks including United States Rubber, Public Service Corporation of New Jersey, Pennsylvania Railroad, and Liberty bonds, noting yields and maturities while offering guidance on exchange values and future price movements.
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New York
News & Mertford
Connecticut
United States Rubber
Public
Rerview Corporation
Torney Se
Pennsylvania Rail
Bonis
Anne Aiek
Wayne Right Akon
Liberty
Ehanes
Buren
Great Northern
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