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Kingsway amends rights offering allocation


July 4, 2001   by Canadian Underwriter


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Kingsway Financial Services (TSE: KFS) has filed an amended rights offering prospectus with the Canadian securities regulator that now offers five million of the company’s common shares through the recently announced public offering. An additional 750,000 common shares have been allocated for over-allotments. The underwriting managers for the public offering now comprise CIBC World Markets Inc., HSBC Securities (Canada) and Scotia Capital Inc.
Initially, Kingsway had filed for 10 million common shares to be made available through the public offering, with a further 1.5 million shares allocated for over-allotment. Plans for the company’s listing on the New York Stock Exchange under the symbol "KFS", remain on track, a media statement says.