These are great times for American mortgage borrowers, as long as they have jobs and aren’t underwater: Mortgage prepayment rates have soared to the highest in seven years as homeowners take advantage of the lowest …
Search Results for: conversion
MAPF Performance: September 2012
The fund outperformed in September, due largely to stellar performance by insurer-issued DeemedRetractibles and BNA.PR.C. … all this for the third straight month! However, there was a change in overall performance in that DeemedRetractibles in …
September 13, 2012
The Fed will continue its monetization policy: To support a stronger economic recovery and to help ensure that inflation, over time, is at the rate most consistent with its dual mandate, the Committee agreed today …
YLO Recapitalization Approved
The YLO recapitalization announced in July and amended September 4, has been approved: Yellow Media (TSX: YLO) announced today that its proposed recapitalization has been approved by the requisite majority of its debtholders and shareholders …
YLO Dilutes Preferred Shareholder Recapitalization Even More!
Yellow Media Inc. has announced: that, in connection with its proposed recapitalization, it has amended the plan of arrangement to be considered and voted upon by the Company’s debtholders and shareholders at the meetings scheduled …
YLO: CBCA, For Now
Tim Kiladze of the Globe and Mail reports: Yellow Media’s hopes of amending its restructuring proposal have been smacked down by a Quebec court just days before the company faces a vote on its much-criticized …
MAPF Performance: August 2012
The fund strongly outperformed in August, due largely to stellar performance by insurer-issued DeemedRetractibles and BNA.PR.C. Another major factor was the relative performance of FixedResets, which underperformed DeemedRetractibles by 57bp over the month – relative …
YLO Scuffling
The Financial Post had a piece by Barry Critchley on August 15: Late Tuesday, the syndicate of lenders to Yellow Media issued a statement saying it “would be best for the company to withdraw its …
BCE.PR.A To Reset To 3.45%
BCE Inc. has announced: BCE Inc. will, on September 1, 2012, continue to have Cumulative Redeemable First Preferred Shares, Series AA outstanding if, following the end of the conversion period on August 22, 2012, BCE …
YLO Court Battle Looming?
Tim Kiladze of the Globe and Mail reports: But there have been rumblings of anger from some creditor groups about the way the spoils are being divided, and the company’s bankers and convertible debenture holders …