Dundee Corporation has announced:
that 1,720,615 of its 5,200,000 Cumulative 5‐Year Rate Reset First Preference Shares, Series 2 (“Series 2 Shares”) will be converted on September 30, 2014, on a one for one basis, into Cumulative Floating Rate First Preference Shares, Series 3 (“Series 3 Shares”). As a result, on September 30, 2014, Dundee will have 3,479,385 Series 2 Shares and 1,720,615 Series 3 Shares issued and outstanding. The Series 2 Shares are listed on the Toronto Stock Exchange under the symbol DC.PR.B and the Series 3 Shares will be listed on the Toronto Stock Exchange effective September 30, 2014 under the symbol DC.PR.D.
DC.PR.B was extended on August 26 and the company announced the reset to 5.688% on September 2. The issue originally closed 2009-9-15 and is a FixedReset, 6.75%+410.
Both DC.PR.B and the FloatingReset, DC.PR.D, will be tracked by HIMIPref™, but relegated to the Scraps index on credit concerns.
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DC.PR.B / DC.PR.D Conversion Results Announced
Dundee Corporation has announced:
DC.PR.B was extended on August 26 and the company announced the reset to 5.688% on September 2. The issue originally closed 2009-9-15 and is a FixedReset, 6.75%+410.
Both DC.PR.B and the FloatingReset, DC.PR.D, will be tracked by HIMIPref™, but relegated to the Scraps index on credit concerns.
This entry was posted on Thursday, September 18th, 2014 at 7:08 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.