PrefBlog

Partners Value Split Corp. has announced (on 2017-11-28):

its intention to redeem all 4,999,000 of its Class AA Senior Preferred Shares, Series 5 (“Preferred Shares, Series 5”) for cash on December 10, 2017 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 5.

The redemption price per Preferred Shares, Series 5 will be equal to C$25.00 plus accrued and unpaid dividends of C$0.030653 per share to December 9, 2017, representing a total redemption price of C$25.030653 per share (the “Redemption Price”).

Notice will be delivered to holders of the Preferred Shares, Series 5 in accordance with the terms of the Preferred Shares, Series 5.

From and after the Redemption Date, the Preferred Shares, Series 5 will cease to be entitled to dividends or any other participation in any distribution of the assets of the Company and the holders thereof shall not be entitled to exercise any of their other rights as shareholders in respect thereof except to receive the Redemption Price (less any tax required to be deducted and withheld by the Company). After the redemption of the Preferred Shares, Series 5, the Company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

PVS.PR.C came into existence by a ticker change from BNA.PR.E on 2014-7-19. BNA.PR.E commenced trading 2010-12-10 after being announced 2010-11-22. It is tracked by HIMIPref™ and is a member of the SplitShare sub-index.

This entry was posted on Friday, December 1st, 2017 at 11:07 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.