No press release that I can see, but BN.PF.N settled today.
TMXMoney indicates that 8-million shares are outstanding which implies that the greenshoe option was exercised in full.
The issue traded 466,010 shares (consolidated: 703,820) today in a range of 24.90-00 before closing at 24.93-95. Vital statistics are:
| BN.PF.N | FixedReset Disc | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-10-22 Maturity Price : 23.13 Evaluated at bid price : 24.93 Bid-YTW : 5.74 % |
BN.PF.N is a FixedReset, 5.65%+215M565, announced 2026-10-15. It is interesting to compare it to BN.PF.M, which closed 2025-11-26, which is a FixedReset, 5.65%+280M565. Same initial rate, same minimum rate, but a helluva difference in Issue Reset Spread! BN.PF.M closed today at 25.45-67.