SunOpta Amends Series B-1 Preferred Share Terms to Eliminate Dividend
SunOpta, Inc. (STKL)
Last sunopta, inc. earnings: 2/27 07:30 am
Check Earnings Report
US:NASDAQ Investor Relations:
investor.sunopta.com/investor-relations
Company Research
Source: Business Wire
MINNEAPOLIS--(BUSINESS WIRE)--SunOpta Inc. (“SunOpta” or the “Company”) (Nasdaq:STKL) (TSX:SOY), a U.S.-based global pioneer fueling the future of sustainable, plant-based foods and beverages, today announced the elimination of the dividend rights attaching to the shares of Series B-1 Preferred Stock (the “Series B-1 Preferred Shares”) of its subsidiary, SunOpta Foods Inc. (the “Subsidiary”), effective from and after December 31, 2023.Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) acquired 15,000 Series B-1 Preferred Shares for US$15 million in 2020 in a financing of the Company’s plant-based foods and beverages business, principally to add capacity via capital projects and to provide incremental liquidity.The Series B-1 Preferred Shares previously paid a cumulative dividend of 8% per year that could be paid-in-kind or cash at the Company’s option, which dividend would have increased from 8% to 10% per year and become payable only in cash at the end of the Company’s
Show less
Read more
Impact Snapshot
Event Time:
STKL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STKL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STKL alerts
High impacting SunOpta, Inc. news events
Weekly update
A roundup of the hottest topics
STKL
News
- SunOpta Amends Series B-1 Preferred Share Terms to Eliminate Dividend [Yahoo! Finance]Yahoo! Finance
- Those who invested in SunOpta (NASDAQ:STKL) five years ago are up 79% [Yahoo! Finance]Yahoo! Finance
- SunOpta Inc. Schedules First Quarter 2024 Financial Results Release and Conference CallBusiness Wire
- SunOpta (STKL) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Booming Consumer Emphasis on Plant-based Diets Heighten the Adoption of Frozen Vegetables. Frozen Vegetable Market to Thrive at a CAGR of 6.0% through 2034. [Yahoo! Finance]Yahoo! Finance
STKL
Earnings
- 2/28/24 - Beat
STKL
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- STKL's page on the SEC website