CIU.PR.B To Be Redeemed

Canadian Utilities has announced:

CU Inc. announced today that it will redeem on June 1, 2014 all of its outstanding Cumulative Redeemable Preferred Shares Series 2 at a price of $25.00 per share. The $160 million aggregate cost of redemption will be funded from cash.

CIU.PR.B is a FixedReset, 6.70%+481, which commenced trading March 27, 2009 after being announced March 10, 2009. With such a whacking great Issue Reset Spread, the call for redemption comes as no surprise.

CIU.PR.B has been tracked by HIMIPref™ since issuance and is assigned to the FixedReset subindex.

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