TORONTO, HONG KONG, FRANKFURT and BERLIN, July 22, 2011 /PRNewswire/ --
Global Capital and Financial Corp announced today the acquisition of two companies, the issuance of $80 Million USD in mid-term notes as well as a projection on the per share earnings and dividends for the Series B Preferred Shares.
The company is expecting that it will earn between 0.33 and 0.42 Euros per shares in 2011.
Global Capital and Financial Corp. also expects that the annual dividend on its Series B Preferred Shares will be 0.40 Euro per share. This will be payable quarterly for the current quarter on October 20, 2011 based on a record date of September 20, 2011. The company can elect to pay this dividend in cash or by issuing Series B Preferred Shares. If Global Capital And Financial Corp. pays in shares, the share price will be based on the 30 day average of the middle price between the bid and ask price before the October 30, 2011 payable date. Starting January 1, 2013 the Series B Preferred shares can be converted by the shareholder to 10 Common shares of Global Capital and Financial Corp.
Global Capital and Financial Corp. announced that it has completed the acquisition of:
- 100 percent of the outstanding shares of Quantum Global Financial Group, and
- 90 percent of the outstanding shares of Vanguard Global Assets Management.
Finally the company's subsidiary, Fidelity Global Assets Management, is proceeding with the issuance of $80,000,000 USD in a Euro Medium Term Note.
About Global Capital & Financial
Global Capital & Financial Corp, through its subsidiaries and affiliates, engages in a wide range of financial services including: bridge loans; financing of start-ups; fund and asset management and advising as well as financing mergers and acquisitions. All activities are regulated in the appropriate jurisdictions.
Global Capital & Financial Corp trades on the Frankfurt and Berlin Stock Exchanges
- Preferred Shares: Stock Symbol 017B
- Common Shares 017
Certain statements above constitute forward-looking statements with respect to Global Capital & Financial Corp and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.
TEL +1-416-623-8028, EXT 203
SOURCE Global Capital & Financial Corp