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Western Investment Announces Debenture Conversion to Strengthen Financial Position

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Western Investment Announces Debenture Conversion to Strengthen Financial Position

The Western Investment Company of Canada Ltd ( (TSE:WI) ) just unveiled an announcement.

Western Investment Company of Canada Limited has announced the conversion of its debentures into common shares following the company’s share price exceeding a specified threshold. This conversion will result in a de-levered balance sheet, allowing Western to continue pursuing beneficial transactions, enhancing its financial position and strategic opportunities.

More about The Western Investment Company of Canada Ltd

Western Investment Company of Canada Limited is a Canadian-based holding company primarily involved with insurance and investments through its subsidiaries.

YTD Price Performance: 3.85%

Average Trading Volume: 40,061

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$100.1M

See more data about WI stock on TipRanks’ Stock Analysis page.

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