Constitution Corp. Boosts Capital

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Constitution Corporate said that it has now added more than $30 million to its capital base over the past 12 months through an ongoing Capital Enhancement Plan. A supplemental membership capital share deposit offering that closed on Friday, June 24, attracted more than $23 million with all subscription requests from members honored in full, the corporate said.

"We were seeking additional capital to further secure a financially viable capital structure for Constitution's future and the future of our member-owners," said George V. MacDonald, chairman of the $1.7-billion Constitution Corporate.

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