CON Investment Corporation (NYSE:C) Files An 8-K Material Modification to Rights of Security Holders
Item 3.03. Material Modification to Rights of Security Holders.
On December 8, 2016, CON Investment Corporation (“CON”) further
amended and restated its distribution reinvestment plan (the
“Fourth Amended DRIP” and, as further amended and restated, the
“Fifth Amended DRIP”). The Fifth Amended DRIP will be effective
as of, and will first apply to the reinvestment of cash
distributions paid on or after, February 1, 2017.
Under the Fourth Amended DRIP, cash distributions to
participating shareholders are reinvested in additional shares of
common stock of CON (“Shares”) at a purchase price equal to 90%
of the public offering price per Share in effect as of the date
of issuance.
Under the Fifth Amended DRIP, cash distributions to participating
shareholders will be reinvested in additional Shares at a
purchase price that is equal to the estimated net asset value per
Share as of the date of issuance. No other material terms of the
Fourth Amended DRIP have been amended in connection with the
Fifth Amended DRIP.
only and is qualified in all respects by the provisions of the
Fifth Amended DRIP, a copy of which is attached hereto as Exhibit
4.1 and incorporated by reference herein.
Item 8.01. Other Events.
On December 8, 2016, CON amended the terms of its quarterly share
repurchase program. The amendments to the share repurchase
program will be effective as of CON’s quarterly repurchase offer
for the fourth quarter of 2016, which commenced on November 18,
2016 and will be completed in January 2017.
Under the existing share repurchase program, CON offers to
repurchase Shares on a quarterly basis at a price equal to 90% of
the public offering price per Share in effect on each date of
repurchase. Under the amended share repurchase program, CON will
offer to repurchase Shares at a repurchase price that is equal to
the estimated net asset value per share determined on each date
of repurchase.
CON will file an amendment to its tender offer materials for the
fourth quarter of 2016 with the Securities and Exchange
Commission following the filing of this Current Report on Form
8-K that discloses the foregoing amendment to the quarterly share
repurchase program.
Item 9.01. Financial Statements and Exhibits.
|
(d) |
Exhibits. |
|
EXHIBIT NUMBER |
DESCRIPTION |
|
|
4.1 |
Fifth Amended and Restated Distribution Reinvestment Plan of CON Investment Corporation. |
About CĪON Investment Corporation (NYSE:C)
Citigroup Inc. (Citi) is a financial services holding company. The Company’s businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Citicorp and Citi Holdings. Citicorp is focused on providing products and services to customers and leveraging the Company’s global network, including various economies. Global Consumer Banking (GCB) consists of Citi’s geographical consumer banking businesses that provide traditional banking services to retail customers through retail banking, including commercial banking, and Citi-branded cards and Citi retail services. Citi Holdings contains businesses and portfolios of assets that Citi has determined are not central to its core Citicorp businesses. CĪON Investment Corporation (NYSE:C) Recent Trading Information
CĪON Investment Corporation (NYSE:C) closed its last trading session down -0.11 at 60.04 with 22,804,941 shares trading hands.
