Guardian Mortgage Investors
| Company Deal | public offering of 30,000 units consisting of $30,000,000 principal amount of 6 3/4% subordinated debentures due July 15, 1986, and warrants (series 1976) to purchase 900,000 shares of beneficial interest |
|---|---|
| Transaction Type | Subordinated Debentures |
| Deal Description | Guardian Mortgage Investors used the proceeds from this transaction to fulfill existing investment commitments of the trust. It was anticipated that a portion of such commitments would be funded as of September 30, 1971. Initially, a portion of the proceeds was used to retire short-term indebtedness of the trust. |