 |
 |
|
| |
KEY INVESTMENT CONSIDERATIONS
- Investment grade credit rating
- Ability to generate significant cash flow with an average of $290 million per year over the past three years
- Leader in most of the markets we serve
- Solid relationships with our customers
- Balanced portfolio of businesses
- Approximately $200 million in digital and interactive revenues
- Track record of dividend growth
- Attractive valuation compared with peers
- Family-controlled business with long term vision
- Long term contracts ranging from 3-18 years with customers who generate 50-60% of Print revenues
- Close to 40% of consolidated revenues are less exposed to cyclical changes in the economy
- Good balance between local and national advertising revenues in the Media Sector
-
The information posted was accurate at the time of
posting but may be superseded by subsequent disclosure.
-
The information on this website may contain certain
forward-looking statements concerning the future performance of the
Corporation. Such statements, based on the current expectations of
management, inherently involve numerous risks and uncertainties, known
and unknown. We caution that all forward-looking information is inherently
uncertain and actual results may differ materially from the assumptions,
estimates or expectations reflected or contained in the forward-looking
information, and that actual future performance will be affected by
a number of factors, many of which are beyond the Corporation's control.The
risks, uncertainties and other factors that could influence actual
results are described in Management's Discussion and Analysis for
the year ended October 31, 2011 as well as the 2010 Annual Information
Form.
|
|
|
|
|
|
| |
 |
|
|
|
Share Class Structure
|
|
Stock Splits |
|
Historic stock price
level |
|
|
Share Buyback |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The market data presented above is provided by Inovestor for
informational and educational purposes only. It is obtained
from various industry sources believed to be reliable. Inovestor
assumes no liability for incorrect, incomplete or missing information.
It is not intended to be and does not constitute any financial
advice, or opinion or recommendation or any kind of advice from
Inovestor. |
|
|
 |
Share
Class Structure |
|
|
|
Participating and Voting Shares
Class A subordinate voting shares entitle holders to one
(1) vote per share and are listed on the Toronto Stock Exchange
(TSX) under the ticker symbol TCL.A
Class B shares entitle holders to twenty (20) votes per share
and are listed on the Toronto Stock Exchange (TSX) under the
ticker symbol TCL.B
Preferred Shares
Cumulative 5-Year Rate Reset First Preferred Shares, Series
D entitle holders to fixed cumulative preferential cash dividends,
as and when declared by the board of directors of the Corporation,
payable quarterly on the 15th day of each January,
April, July and October at an annual rate of $1.6875 per share
for the initial five-year period ending on and including October
15, 2014.
The dividend rate will be reset on October 15, 2014 and every
five years thereafter at a rate equal to the 5-year Government
of Canada bond yield plus 4.16%. These shares will be redeemable
by Transcontinental on October 15, 2014 and on October 15
every five years thereafter in accordance with their terms.
Cumulative 5-Year Rate Reset First Preferred Shares, Series
D are listed on the Toronto Stock Exchange under the ticker
symbol TCL.PR.D.
Holders of these shares will have the right, at their option,
to convert their shares into cumulative floating rate preferred
shares series E subject to certain conditions, on October
15, 2014 and on October 15 every five years thereafter. Holders
of the Series E preferred shares will be entitled to receive
cumulative quarterly floating dividends at a rate equal to
the three-month Government of Canada Treasury Bill yield plus
4.16%. |
|
|
|
Stock
Splits |
|
|
|
Since being listed as a publicly traded
company in 1984, Transcontinental Inc. has completed two-for-one
stock splits on two separate occasions. The first split took
place on May 2, 1986 and the second on April 10, 2003. |
|
|
|
Historic
Stock Price Level |
|
|
|
2010
Historic Share Price [PDF]
2009
Historic Share Price [PDF]
2008 Historic Share Price
[PDF]
2007 Historic
Share Price [PDF]
2006 Historic Share Price [PDF]
2005 Historic Share Price [PDF]
2004 Historic Share Price [PDF] |
| |
|
|
Share
Buyback |
| |
|
| |
Fiscal
2011
No share buyback in 2011
Fiscal
2010
No share buyback in 2010.
Fiscal
2009
No share buyback in 2009.
Fiscal
2008
For the year ended October 31, 2008, the
Corporation purchased 2,894,100 of its Class A Subordinate
Voting Shares at a weighted average price of $16.77 for a
total consideration of $48.5 million and 8,000 of its Class
B Shares at a weighted average price of $18.34 for a total
consideration of $0.2 million. Of the total consideration
of $48.7 million, $16.2 million corresponds to the book value
and $32.5 million corresponds to the premium paid.
Fiscal
2007
For the year ended October 31, 2007, the
Corporation purchased 2,354,700 of its Class A Subordinate
Voting Shares at a weighted average price of $21.27 for a
total consideration of $50.1 million and 137,800 of its Class
B Shares at a weighted average price of $21.69 for a total
consideration of $3.0 million. Of the total consideration
of $53.1 million, $13.3 million corresponds to the book value
and $39.8 million corresponds to the premium paid.
Fiscal
2006
For the year ended October 31, 2006, the
Corporation purchased 2,895,300 of its Class A Subordinate
Voting Shares at a weighted average price of $19.03 for a
total consideration of $55.1 million and 639,651 of its
Class B Shares at a weighted average price of $18.86 for a
total consideration of $12.1 million. Of the total consideration
of $67.2 million, $17.0 million corresponds to the
book value and $50.2 million corresponds to the premium
paid. |
| |
|
| |
|
| |
|
| |
 Number
of shares repurchased (in millions) |
| |
 Value
of repurchases (in millions) |
|
|
|
|
|
|
|
