Nova Scotia Power has announced:
that effective April 1, 2009 (the “redemption date”) the Company will redeem all of its outstanding Cumulative Redeemable First Preferred Shares, Series C (the “Series C shares”) for a redemption price of $25.00 per share.
The Notice of Redemption and associated documents are being sent to Registered holders of these shares today. Beneficial holders of the Series C shares should contact the financial institution, broker or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds.
After the redemption date, holders of the Series C shares will cease to be entitled to dividends or to exercise any rights of shareholders.
NSI.PR.C was last mentioned on PrefBlog when it was added to the TXPR index at the January rebalancing.
NSI.PR.C is tracked by HIMIPref™; it is included in the “Scraps” sub-index due to volume concerns.