Quest Capital Corp. (TSX:QC) (NYSE Amex:QCC) recently announced that on December 31, 2009 it made its final payment to repurchase and retire all of its $40 million First Preferred Shares, Series A (the "Preferred Shares").
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"Quest is pleased to retire all of the remaining outstanding Preferred Shares. Quest has made significant progress in reducing expenses, monetizing its loan portfolio and improving its financial flexibility. Last year and today's announcement is a clear signal that Quest is gaining financial strength from these actions," said A. Murray Sinclair, Quest Chairman. "This repayment is the first step in our plan to recommence lending activities in 2010."
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