CU.PR.A To Be Redeemed

Canadian Utilities has announced:

Canadian Utilities Limited also announced today that it will redeem on July 19, 2012 all of its outstanding Cumulative Redeemable Second Preferred Shares Series W at a price of $25.00 per share plus accrued and unpaid dividends per share.

CU.PR.A has been tracked by HIMIPref™. It is a member of the PerpetualPremium index and closed Friday at 25.34-40 to yield (7.81%) – (10.56%) based on an immediate call. IIROC halted trading today at 3:12 “pending news”, prior to which the issue had traded 950 shares in a range of 25.34-38.

This entry was posted on Monday, June 18th, 2012 at 10:26 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.

One Response to “CU.PR.A To Be Redeemed”

  1. New Issue: CU 4.90% Straight (Deja Vu) « PrefBlog says:
    June 18, 2012 at 10:32 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « CU.PR.A To Be Redeemed […]

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