There was previously some doubt as to the ticker symbol for the new BCE preferred shares issued in exchange for BAF.PR.E.
However, BCE.PR.Q is, as guessed, the ticker for the new BCE shares which have the same economic terms as BAF.PR.E. The new issue traded 2,200 shares today in a range of 24.60-61 before closing at 25.00-30, 12×6.
The Toronto Stock Exchange has, wonder of wonders, modified its database so that the series denoted by this symbol is indeed “AQ” and that the listing date is now recorded as 2014-9-25.
Regrettably, the dim bulbs at BCE have not yet updated their preferred share information page to reflect the existence of their three new issues.
| BCE / BAF Preferred Share Exchange | ||
| BCE Ticker | Description | BAF Ticker |
| BCE.PR.M | FixedReset 4.85%+209 |
BAF.PR.A |
| BCE.PR.O | FixedReset 4.55%+309 |
BAF.PR.C |
| BCE.PR.Q | FixedReset 4.25%+264 |
BAF.PR.E |
Each of the new issues, BCE.PR.M, BCE.PR.O and BCE.PR.Q, will be tracked by HIMIPref™. Vital statistics are:
| BCE.PR.M | FixedReset | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2044-09-25 Maturity Price : 22.83 Evaluated at bid price : 23.25 Bid-YTW : 4.13 % |
| BCE.PR.O | FixedReset | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.05 Bid-YTW : 4.45 % |
| BCE.PR.Q | FixedReset | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2044-09-25 Maturity Price : 23.25 Evaluated at bid price : 25.00 Bid-YTW : 4.21 % |
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