Royal Bank of Canada has announced: its intention to redeem all of its issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BF (Series BF shares) (TSX: RY.PR.M) on …
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September 3, 2025
PerpetualDiscounts now yield 5.68%, equivalent to 7.38% interest at the standard conversion factor of 1.3x. Long corporates yield 5.10%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now 230bp, a slight …
NPI.PR.A To Reset To 5.70%
Northland Power Inc. has announced: that pursuant to the share terms in respect of the Cumulative Rate Reset Preferred Shares, Series 1 (“Series 1 Shares”), it has determined the fixed dividend rate for the five …
FFH.PR.G & FFH.PR.H To Be Redeemed
Fairfax Financial Holdings Limited has announced: its intention to redeem (i) all of its 7,719,843 outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series G (the “Series G Shares”), and (ii) all of its 2,280,157 outstanding …
ALA.PR.A & ALA.PR.B To Be Redeemed
AltaGas Ltd. has announced: its intention to redeem all of its 6,746,679 issued and outstanding Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (the “Series A Shares”) and all of its 1,253,321 issued and …
August 27, 2025
To continue the Trump-Cook reporting from yesterday … Janet Yellen has weighed in: Former Federal Reserve Chair and Treasury Secretary Janet Yellen slammed President Trump on Wednesday for moving to fire Fed board of governors …
August 20, 2025
There’s some more commentary on the spectacle of free-enterprise, freedom-loving, double-entry-bookkeeping rugged American types kow-towing to Trump: The orthodoxy manifested itself in familiar ways. Groups that claimed the mantle of individual liberties would decry new …
August 13, 2025
PerpetualDiscounts now yield 5.75%, equivalent to 7.48% interest at the standard conversion factor of 1.3x. Long corporates now yield 4.93%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now 255bp, unchanged …
August 6, 2025
PerpetualDiscounts now yield 5.74%, equivalent to 7.46% interest at the standard conversion factor of 1.3x. Long corporates now yield 4.89%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now 255bp, unchanged …
ENB.PF.G To Reset To 5.626%
Enbridge Inc. has announced: that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series 15 (Series 15 Shares) (TSX: ENB.PF.G) on September 1, 2025. As a …