Constitution Corporate Raises $30 MillionFor Capital

June 28, 2005, 1:00 a.m. EDT 1 Min Read

WALLINGFORD, Conn. - (06/28/05) Constitution Corporate said that it hasnow added more than $30 million to its capital base over the past12 months through an ongoing Capital Enhancement Plan. Asupplemental membership capital share deposit offering that closedon Friday, June 24, attracted more than $23 million with allsubscription requests from members honored in full, the corporatesaid. We were seeking additional capital to further secure afinancially viable capital structure for Constitution's future andthe future of our member-owners, said George V. MacDonald,chairman of the $1.7-billion Constitution Corporate.

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