Watsco Issues 1.25M Shares to UTC Canada

Watsco issued 1,250,000 shares of unregistered common stock to UTC Canada for CAD$88.27 million as part of the Carrier Enterprise Canada joint venture transaction.

“On the Closing Date, the Company amended its amended and restated shareholder agreement by and between the Company and Carrier, dated January 24, 2012 (the “Shareholder Agreement”), to include UTC Canada and pursuant to the Subscription Agreement, issued 1,250,000 shares of unregistered Common Stock for CAD$88,269,390 to UTC Canada.”

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