DBRS has announced that it: has today downgraded Yellow Media Inc.’s (Yellow Media or the Company) Issuer Rating to CCC from B (low); its Medium-Term Notes rating to CCC from B (low), with an RR4 …
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FTU.PR.A Reorganization Details
Shareholders of US Financial 15 Split Corp. approved a reorganization in April: The primary purpose of the meeting, as more fully described in the Company’s March 21, 2012 press release and the Management Information Circular …
May PrefLetter Released!
The May, 2012, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”. Those who subscribe for a full year receive the “Previous edition” as a bonus. The May …
May PrefLetter Now in Preparation!
The markets have closed and the May edition of PrefLetter is now being prepared. PrefLetter is the monthly newsletter recommending individual issues of preferred shares to subscribers. There is at least one recommendation from every …
MAPF Performance: April 2012
The fund underperformed in April, for reasons that remain unclear – see the discussion below. The fund’s Net Asset Value per Unit as of the close April 30, 2012, was 10.4438. Returns to April, 2012 …
BCE.PR.F Secondary Offering
I am advised by multiple authoritative sources that there is a secondary offering under way (or is it “under weigh”? You can find much furious discussion of this on the web) for 2-million shares of …
April 30, 2012
The TMX / Maple deal is still alive: The group of 13 financial institutions that’s seeking to buy the TMX Group Inc. … plans to extend its offer today, according to sources. All 13 members …
TCL.PR.D: Confirmed at Pfd-3(high), Trend Now Negative, says DBRS
DBRS has announced that it: has today confirmed its long-term and preferred share ratings on Transcontinental Inc. (Transcontinental or the Company) at BBB (high) and Pfd-3 (high), respectively. The trends have been changed to Negative. …
April 4, 2012
There are rumours about Rona, too: In corporate news, Rona Inc. (TSX:RON) has denied that the company is up for sale after stock in the home renovation retailer jumped more than 12 per cent in …
YLO: The Jostling Starts, the Rumours Swirl
There are rumours of restructuring jostling at YLO: Yellow Media’s creditors want to take over the troubled phone directory company in a bid to salvage their investments. The company’s senior-ranking bondholders organized a call last …