Standard & Poor’s has announced:
The 5-Year rate reset 1st Preferred shares, Series 24, of National Bank of Canada (TSX:NA.PR.O) are the subject of a $C28.03 cash per share offer and will be removed from the S&P/TSX North American Preferred Stock Index and the S&P/TSX Preferred Share Index after the close of Monday, April 11, 2011.
The Issuer Bid has been reported on PrefBlog. NA.PR.O closed today at 28.72-90, 26×2, after trading 13,787 shares in a range of 27.70-90. Trades executed today for normal settlement will settle after the tender date – I don’t know how active the Special Terms market was.
The other two issues, NA.PR.P and NA.PR.N are not constituents of the TXPR index.
This entry was posted on Thursday, April 7th, 2011 at 10:01 pm and is filed under Indices and ETFs, Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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NA.PR.O Removed from TXPR
Standard & Poor’s has announced:
The Issuer Bid has been reported on PrefBlog. NA.PR.O closed today at 28.72-90, 26×2, after trading 13,787 shares in a range of 27.70-90. Trades executed today for normal settlement will settle after the tender date – I don’t know how active the Special Terms market was.
The other two issues, NA.PR.P and NA.PR.N are not constituents of the TXPR index.
This entry was posted on Thursday, April 7th, 2011 at 10:01 pm and is filed under Indices and ETFs, 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.