HSE : Ticker Change to CVE

Cenovus Energy Inc. has announced (on January 4):

that its strategic combination with Husky Energy Inc. has closed. The transaction creates a resilient integrated energy leader that is well positioned to provide superior returns for investors over the long term, as well as strong environmental, social and governance (ESG) performance.

Husky preferred shareholders exchanged each Husky preferred share for one Cenovus preferred share with substantially identical terms.

The Cenovus preferred shares Series 1, Series 2, Series 3, Series 5 and Series 7 have been listed on the TSX under the ticker symbols CVE.PR.A, CVE.PR.B, CVE.PR.C, CVE.PR.E and CVE.PR.G. The Cenovus warrants and Cenovus preferred shares are expected to commence trading on the TSX at the opening of market on January 6, 2021

With the close of the transaction, Husky has become a wholly owned subsidiary of Cenovus and will remain as such until completion of a planned amalgamation among the two entities. Upon amalgamation, Cenovus will become the obligor under Husky’s existing long-term notes and other direct obligations.

So the table of changes is pretty simple:

HSE to CVE ticker change
Old Ticker New Ticker
HSE.PR.A CVE.PR.A
HSE.PR.B CVE.PR.B
HSE.PR.C CVE.PR.C
HSE.PR.E CVE.PR.E
HSE.PR.G CVE.PR.G

2 Responses to “HSE : Ticker Change to CVE”

  1. […] corrected. HSE.PR.C reset at 4.689% effective December 31, 2019 and there was no conversion. The ticker changed in January, 2021; the credit rating had shortly prior been downgraded in connection with the […]

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