Butterfield Bank August Share Repurchases
In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited announced that during the month of August, 2014, the Bank purchased for Treasury 1,063,286 Common Shares at an average price of $1.986 per share. In addition, in June, the Bank purchased 174 8% Preference Shares for cancellation at an average price of $1,177.22.
Common shareholders were wiped-out, Paula can’t get a job. 300 million more shares to buy before this dog starts to show any life. This Board of Directors knows who they work for – the new shareholders.