Dri Healthcare Plc Trust (TSE:DHT.UN) has released an update.
DRI Healthcare Trust has successfully completed a refinancing deal, exchanging $114.76 million in Series A and B preferred securities and over 6 million warrants for $135.2 million in new Series C securities and fewer, higher-priced warrants. This strategic move has effectively reduced the Trust’s potential dilution by 8.2%, with a net decrease of 4.6 million fully diluted shares. The transaction was advised by Scotia Capital Inc. and executed without any cash outlay from the Trust.
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