Atlantic Power can’t be bothered to issue a press release or otherwise indicate on their website just what the results of the recent conversion option were, but there is information available on TMXMoney, maybe.
According to the TMX Money page for AZP.PR.C (the FloatingReset), there are 1,661,906 shares outstanding. They are reporting 2,338,094 AZP.PR.B outstanding, which miraculously (considering it’s the Toronto Stock Exchange doing the reporting) adds up to the 4-million EPP.PR.B issued in 2009, which became CZP.PR.B, which became AZP.PR.B.
So that’s a conversion rate of about 42%. In my post just before the decision deadline, I recommended conversion.
[…] AZP.PR.B used to be CZP.PR.B, which used to be EPP.PR.B, and throughout these changes was a FixedReset, 7.00%+418, which commenced trading 2009-11-2 after being announced 2009-10-13. You can’t tell your players without a programme! Notice of extension was provided in November, 2014, and it reset to 5.57% effective 2014-12-31. I recommended in favour of conversion and the conversion rate was 42%. […]
[…] 2014, and it reset to 5.57% effective 2014-12-31. I recommended in favour of conversion and the conversion rate was 42%. The company announced the extension to 2024 on […]
[…] 2014, and it reset to 5.57% effective 2014-12-31. I recommended in favour of conversion and the conversion rate was 42%. The company announced the extension to 2024 on 2019-11-14. An erroneous announcement of a reset to […]