For those of you who missed it in the post announcing the new TD FixedReset issue, Toronto-Dominion Bank has announced:
It is the intention of the Bank to exercise its right to redeem all of its outstanding 10 million Non-cumulative Redeemable Class A First Preferred Shares, Series R (the “Series R Shares”). The foregoing statement of intention does not constitute formal notice of redemption. Should the Bank exercise its right to redeem the Series R Shares, formal notice of redemption will be issued by the Bank in due course.
TD.PR.R is a DeemedRetractible, 5.60%, which commenced trading March 12, 2008 after being announced March 3, 2008.
It is currently redeemable at 25.75; the redemption price declines by $0.25 on 2015-4-30. There can be no great surprise about the redemption intention announcement, given that the redemption of the very similar TD.PR.P and TD.PR.Q issues was announced in late January.
This entry was posted on Saturday, February 28th, 2015 at 12:22 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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TD.PR.R To Be Redeemed, Some Day
For those of you who missed it in the post announcing the new TD FixedReset issue, Toronto-Dominion Bank has announced:
TD.PR.R is a DeemedRetractible, 5.60%, which commenced trading March 12, 2008 after being announced March 3, 2008.
It is currently redeemable at 25.75; the redemption price declines by $0.25 on 2015-4-30. There can be no great surprise about the redemption intention announcement, given that the redemption of the very similar TD.PR.P and TD.PR.Q issues was announced in late January.
This entry was posted on Saturday, February 28th, 2015 at 12:22 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.