Canso @ $294.5M $Y $Y.CA 24.2% ownership of Yellow Media's EV. You guys ROCK!
YPG EV: $881M Debt
27.9M Shares @ $12 = $334M
Canso Owns:
$56.2M of common shares
$32.1M of conv debentures
$206.2M of Senior Debt
Canso: (56.2+32.1+206.2)/(881+334)
24.2% ownership of Yellow Media's EV.
http://www.stockhouse.com/companies/bullboard/t.y/yellow-media-limited?postid=21630514
Hi Roxy27, thanks for your post.
I think this was the last filing from CANSO on Sedar for YPG/YMI/Y which was filed in May.
"Since the last report filed for March 2013, accounts managed by Canso have
purchased an additional $19,719,911.00 par amount of senior secured notes of
YPG Financing Inc. and an additional 696,356 common shares of the Issuer in the
month of April 2013. As a result, Canso’s securityholding percentage in the
Issuer has increased by approximately 2.35% from approximately 19.16% to
approximately 21.51%.
- The designation and number or principal amount of securities and the eligible
institutional investor’s securityholding percentage in the class of securities at
the end of the month for which the report is made:
As of April 30, 2013, accounts over which Canso has investment authority
(collectively, the “Accounts”) hold 4,688,243 common shares of the Issuer and
$32,145,639 par amount of senior subordinated exchangeable debentures of YPG
Financing Inc., which are exchangeable into an additional 1,688,321 common
shares of the Issuer. These holdings represent a securityholding percentage of
approximately 21.51%, calculated on the basis of 27,955,077 total issued and
outstanding common shares.
In addition, these accounts hold $206,293,811 par amount of the senior secured
notes YPG Financing Inc. 9.25% November 30, 2018."
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MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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