TransAlta Corporation has announced (way back on 2022-9-21):
that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series E (the “Series E Shares”) into Cumulative Redeemable Floating Rate Preferred Shares, Series F (the “Series F Shares”), there were only 89,945 Series E Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series F Shares. As a result, none of the Series E Shares will be converted into Series F Shares on September 30, 2022.
TA.PR.H was issued as a FixedReset, 5.00%+365, that commenced trading 2012-8-10 after being announced 2012-8-2. It reset to 5.194% in 2017; I recommended against conversion; and there was no conversion. TA.PR.H reset to 6.894% in 2022. The issue is tracked by HIMIPref™ but has been assigned to the Scraps index on credit concerns.
This entry was posted on Monday, November 7th, 2022 at 9:20 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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TA.PR.H: No Conversion to FloatingReset
TransAlta Corporation has announced (way back on 2022-9-21):
TA.PR.H was issued as a FixedReset, 5.00%+365, that commenced trading 2012-8-10 after being announced 2012-8-2. It reset to 5.194% in 2017; I recommended against conversion; and there was no conversion. TA.PR.H reset to 6.894% in 2022. The issue is tracked by HIMIPref™ but has been assigned to the Scraps index on credit concerns.
This entry was posted on Monday, November 7th, 2022 at 9:20 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.