Canadian Utilities Limited has announced:
that it will redeem on June 30, 2012 all of its outstanding Cumulative Redeemable Second Preferred Shares Series X at a price of $25.00 per share plus accrued and unpaid dividends per share. The $150 million aggregate cost of redemption will be funded from the net proceeds of the Series AA Preferred Share offering and cash.
CU.PR.B was last mentioned on PrefBlog when it was the first Straight Perpetual to crawl back into premium territory after a long period below par during the Credit Crunch.
CU.PR.B has been tracked by HIMIPref™ and is a member of the PerpetualPremium subindex.
This entry was posted on Wednesday, May 30th, 2012 at 9:53 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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CU.PR.B To Be Redeemed
Canadian Utilities Limited has announced:
CU.PR.B was last mentioned on PrefBlog when it was the first Straight Perpetual to crawl back into premium territory after a long period below par during the Credit Crunch.
CU.PR.B has been tracked by HIMIPref™ and is a member of the PerpetualPremium subindex.
This entry was posted on Wednesday, May 30th, 2012 at 9:53 am 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.