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Thursday, May 21, 2015

Equity Trader Alert #2015 - 73
Nasdaq Announces Spin off/Distribution Information for FirstService Corporation

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

An EX date for FirstService Corporation Subordinate Voting Shares (FSRV) has been established for the separation of FirstService Corporation into two public corporations: new FirstService Corporation (FSV) and Colliers International Group Inc. (CIGI).  Holders of each FirstService Corporation subordinate voting share (FSRV) will receive one subordinate voting share of new FirstService Corporation (FSV). Holders will continue to hold their shares of existing FirstService Corporation, which will be renamed Colliers International Group Inc.

Please note there will not be a when-issued market for either the parent or the spin-co of this distribution.

FirstService Corporation (FSRV) has announced a spin- off of new FirstService Corporation (FSV). The details of the distribution are as follows:

Company/ Parent: FirstService Corporation
Issue: Subordinate Voting Shares
CUSIP: 33761N109
Symbol: FSRV
Record Date: May 29, 2015
Payment Date: June 1, 2015
EX Date: June 2, 2015
Due Bill Redemption Date: June 4, 2015
Ratio of Spin-Off:
 One (1) share of new FirstService Corporation for every one (1) share of FirstService Corporation Subordinate Voting Shares held.

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523.

If you would like to register as a market maker in FSRV, contact Nasdaq Trading Services at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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