WN.PR.B to be Redeemed

Weston has announced:

that it will redeem for cash, on April 1, 2009 (the “Redemption Date”), all of its outstanding Preferred Shares, Series II for a redemption price of $25.00 per share, together with an amount equal to all dividends, if any, accrued thereon and unpaid up to but not including the Redemption Date.

WN.PR.B is a 5.15% ($1.2875) retractible; April 1 is the first call date; it would have been retractible for shares on July 1.

WN.PR.B was last mentioned on PrefBlog when it was placed on Review-Developing by DBRS and Review-Negative by S&P. The issue has been tracked by HIMIPref™; it was moved from the OpRet subIndex to Scraps in May 2007 due to credit concerns.

Leave a Reply

You must be logged in to post a comment.