K1 Ventures: Co has invested US$100m of preferred units and preferred warrants in Guggenheim Capital, a US-based privately held financial services firm. Guggenheim has over US$100b in assets under supervision…
The preferred units carry a dividend rate of 7% annually and K1 has the right to sell back the units on the 6th yr after issuance. K1 will also have board observation rights and the option to convert to a full seat on Guggenheim’s board of directors. K1, a diversified venture cap, has continued to post losses with 9M11 Mar net loss of $2.8m.
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