SunOpta Amends Series B-1 Preferred Share Terms to Eliminate Dividend [Yahoo! Finance]
SunOpta, Inc. (STKL)
Last sunopta, inc. earnings: 2/27 07:30 am
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Source: Yahoo! Finance
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 third quarter in 2029. As a result of amendments to the terms of the Series B-1 Preferred Shares made with the consent of Oaktree,
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News
- Those who invested in SunOpta (NASDAQ:STKL) five years ago are up 79% [Yahoo! Finance]Yahoo! Finance
- SunOpta Amends Series B-1 Preferred Share Terms to Eliminate DividendBusiness Wire
- 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