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 % |
Click for Big
This entry was posted on Thursday, September 25th, 2014 at 10:43 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Yes, BCE.PR.Q Is The Ticker For Exchanged BAF.PR.E
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.
4.85%+209
4.55%+309
4.25%+264
Each of the new issues, BCE.PR.M, BCE.PR.O and BCE.PR.Q, will be tracked by HIMIPref™. Vital statistics are:
Maturity Type : Limit Maturity
Maturity Date : 2044-09-25
Maturity Price : 22.83
Evaluated at bid price : 23.25
Bid-YTW : 4.13 %
Maturity Type : Call
Maturity Date : 2017-03-31
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 4.45 %
Maturity Type : Limit Maturity
Maturity Date : 2044-09-25
Maturity Price : 23.25
Evaluated at bid price : 25.00
Bid-YTW : 4.21 %
Click for Big
This entry was posted on Thursday, September 25th, 2014 at 10:43 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.