RPQ.PR.A Wound Up Early

Connor, Clark & Lunn has announced:

that its shareholders have approved the proposal to change the redemption date of the Preferred Shares from June 30, 2011 to December 22, 2009 (the “Proposal”). As a result of the Proposal, Shareholders will have their Preferred Shares redeemed by the Company on December 22, 2009 and will be paid the net asset value per Preferred Share as of December 18, 2009.

Trading of the Preferred Shares will be halted at the opening of market on December 22, 2009 and the Preferred Shares will be delisted at the close of business on that day.

The redemption price was $12.98 per share compared with $25.00 par value.

RPQ.PR.A was last discussed on PrefBlog at the time that the wind-up was proposed

RPQ.PR.A was not tracked by HIMIPref™.

One Response to “RPQ.PR.A Wound Up Early”

  1. […] is best known for packaging multi-name Credit Default Swaps as preferred shares and thereby vaporizing a lot of client money. More than once. However, I am confident that the time spent developing and managing these products […]

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