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Killam Properties increases dividend to shareholders by 3.4 per cent

HALIFAX - Killam Properties Inc. (TSX:KMP) increased its monthly payment to shareholders on Monday to a nickel per share from 4.833 cents. On an annual basis, the increased payment works out to 60 cents per share, up from 58 cents. Based on the company's share price, the stock will yield about 5.9 per cent. Killam also said that it has closed the acquisition of three properties in New Brunswick, Prince Edward Island and Nova Scotia for a total purchase price of $14.7 million.

'By appointment': How royal backing sells British goods

When Britain's royal family grants a warrant to its favoured supplier of tea or salmon, it's not only an honour for the firm but also a major boost in the global marketplace. The strength of the Windsor brand lends its weight to some 800 companies who are eligible to feature the royal crest and the words "By Appointment" on their products. "It's the ultimate mark of quality and regarded as an international stamp of approval," Andrew Leigh, founding chairman of Scottish smoked salmon manufacturer John Ross Jr, told AFP.

China launches preferred stock trial

BEIJING, Nov. 30 (Xinhua) -- China has decided to launch a trial for preferred stocks to meet actual demand. A guideline about the trial was released Saturday by the State Council, said Deng Ge, a China Securities Regulatory Commission spokesman. The preferred stock trial will lead to many positive results, such as boosting companies' direct financing activities, helping commercial banks innovate their capital products, meeting the diversified needs of investors and facilitating the mergers and acquisitions among enterprises, Deng said.

Bank of Ireland says may sell stock to help redeem preference shares

DUBLIN (Reuters) - Bank of Ireland (BoI) <BKIR.I> said it may sell new shares to help repay 1.8 billion euros ($2.4 billion) of state-owned preference shares the bank had to issue as part of its 2009 bailout. A successful redemption of the preference shares would be a big milestone for the bank, the banking sector and for the Irish government ahead of its expected exit from an 85 billion euro international bailout next month.

58.com's stock soars on first day as public company

NEW YORK, N.Y. - Shares of 58.com are soaring on their first trading day after pricing at $17 each on Wednesday night in the company's initial public offering. The stock opened at $21.20 on the New York Stock Exchange on Thursday. It is up $7.13, or nearly 42 per cent, at $24.13 in morning trading. 58.com is Chinese company that operates an online classifieds marketplace for merchants and consumers. It had offered 11 million American Depositary Shares at that priced at $17 each for a total offering price of $187 million.

Shares of 3D printer maker voxeljet double in debut

(Reuters) - Shares of voxeljet AG <VJET.N>, a Germany-based maker of commercial 3D printers, doubled in their market debut on Friday. Voxeljet raised $72.8 million after selling 5.6 million American Depositary Shares (ADS) at $13 each, the low end of the pricing range. Stockholders sold an additional 900,000 ADS. Voxeljet's shares rose to a high of $27 in early trading on the New York Stock Exchange, valuing the company at about $420 million.

China plans to allow banks, other industries to issue preferred shares

BEIJING (Reuters) - China is preparing to launch a pilot project allowing companies to issue preferred shares, setting no restrictions on which industries will be able to participate, as regulators move to diversify fundraising channels for Chinese companies. A spokesman for the China Securities Regulatory Commission (CSRC) told a regular news briefing that the regulator would support banks issuing preferred shares -- a widely expected first step -- but added that any "qualified" Chinese company from any industry would be able to apply.

Could BlackBerry go private? It's a tough proposal, but it could be done

TORONTO - BlackBerry shareholders reacted strongly on Friday to rumours the smartphone maker's chief executive and board of directors could take the company private, but such a transition would prove wildly expensive. The Reuters news agency reported Friday that several sources, which it didn't identify, said a going-private idea was being considered by management, but that a deal isn't imminent.

37 pct of preferred shares paid no dividend in fiscal 2012

SEOUL, Aug. 8 (Yonhap) -- Nearly 37 percent of preferred stocks listed on South Korean bourses did not pay out dividends to their shareholders in fiscal 2012, data showed Thursday, raising concerns over shareholders' rights. According to the data compiled by the Financial Supervisory Service, 54 out of 148 preferred stocks listed on the main bourse and the secondary KOSDAQ market did not give dividends to their holders over the cited period.

GM retiree health care trust nets $171 million in public offering of warrants to buy stock

DETROIT - A health care trust for General Motors Co.'s retired factory workers raised $171 million in a public offering of warrants to purchase the automaker's stock. The United Auto Workers Retiree Medical Benefits Trust sold 45,454,545 warrants Tuesday for $3.85 each. That raised a total $174.9 million, with net proceeds of $171 million after fees. GM got no proceeds from the offering. Each warrant represents the right to buy one share of GM's common stock at an exercise price of $42.31 per share. The warrants expire Dec. 31, 2015.
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