Husky Energy has announced (on December 18):
that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is less than the one million shares required to give effect to conversion into Cumulative Redeemable Preferred Shares, Series 4 (Series 4 Shares).
As a result, none of the Series 3 Shares will be converted into Series 4 Shares on December 31, 2019.
HSE.PR.C is a FixedReset, 4.50%+313, that commenced trading 2014-12-9 after being announced 2014-12-1. The initial reset rate announcement was quickly determined to be anomalous and eventually corrected. HSE.PR.C will reset at 4.689% effective December 31, 2019. The issue is tracked by HIMIPref™ and is been assigned to the FixedResets-Discount subindex.
This entry was posted on Thursday, December 19th, 2019 at 11:34 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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HSE.PR.C : No Conversion To Floating Reset
Husky Energy has announced (on December 18):
HSE.PR.C is a FixedReset, 4.50%+313, that commenced trading 2014-12-9 after being announced 2014-12-1. The initial reset rate announcement was quickly determined to be anomalous and eventually corrected. HSE.PR.C will reset at 4.689% effective December 31, 2019. The issue is tracked by HIMIPref™ and is been assigned to the FixedResets-Discount subindex.
This entry was posted on Thursday, December 19th, 2019 at 11:34 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.