Cogeco 2005 Annual Report Download - page 46

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8LONG-TERM DEBT (continued)
d) The Second Secured Debentures Series A are redeemable at the Corporation’s option, in whole or in part, at the greater of par value or Canada
bond yield plus 0.5%. These debentures mature on July 31, 2007, and bear interest at 8.44% per annum, payable semi-annually. These debentures
are secured by second fixed charges on certain assets and floating charges on all assets of the Corporation and certain of its subsidiaries.
e) The deferred credit represents the amount which would have been payable at August 31, 2005 and 2004 under cross-currency swaps entered
into by the Corporation to hedge Senior Secured Notes Series A denominated in US dollars (note 8 c)).
f) Principal repayments due on long-term debt for the next five years, excluding those under capital leases, are as follows:
(amounts are in thousands of dollars) 2006 2007 2008 2009 2010
$$$$$
— 125,000 — 388,650 —
g) Minimum payments due under capital leases total $4,259,000 of which $428,000 represents financial expense and are as follows:
(amounts are in thousands of dollars) 2006 2007 2008 2009 2010
$$$$$
1,547 1,351 975 381 5
9CAPITAL STOCK
Authorized
Unlimited number of:
Class A Preference shares, without voting rights, redeemable by the Corporation and retractable at the option of the holder at any time
at a price of $1 per share, carrying a cumulative preferential cash dividend at a rate of 11% of the redemption price per year.
Class B Preference shares, without voting rights, issuable in series.
Multiple voting shares, 10 votes per share.
Subordinate voting shares, 1 vote per share.
Issued
(amounts are in thousands of dollars, except number of shares) 2005 2004
$$
15,691,100 multiple voting shares 98,346 98,346
24,293,486 subordinate voting shares (24,232,815 in 2004) 531,874 531,070
630,220 629,416
44
Cogeco Cable Inc. 2005
Notes to Consolidated Financial Statements