The Fed stood pat: Although swings in net exports continue to affect the data, recent indicators suggest that growth of economic activity moderated in the first half of the year. The unemployment rate remains low, …
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FN To Be Acquired by Private Equity, Probably
First National Financial Corporation has announced: that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with Regal Bidco Inc. (the “Purchaser”), a newly-formed acquisition vehicle controlled by private equity funds managed by …
RCG.PR.B To Be Acquired, Probably
iA Financial Corporation and RF Capital Group Inc. have announced: that they have entered into a definitive agreement (the “Arrangement Agreement”), pursuant to which iA will acquire all of the issued and outstanding common shares …
July 23, 2025
Another new 52-week high for the TXPR price index, with today’s high of 674.37 (which was the closing value) exceeding the mark of 673.58 set yesterday. PerpetualDiscounts now yield 5.82%, equivalent to 7.57% interest at …
INE.PR.A, INE.PR.C Acquired by La Caisse; Delisted
Innergex Renewable Energy Inc. has announced: the completion of its previously announced acquisition by La Caisse by way of a plan of arrangement under the provisions of the Canada Business Corporations Act (the “Arrangement”). Pursuant …
July 16, 2025
Another new high for the TXPR price index today. Yawn. A high of 669.04 vs. the previous mark of 668.41 set July 15, 2025. PerpetualDiscounts now yield 5.89%, equivalent to 7.66% interest at the standard …
EMA.PR.A To Reset To 4.951%; Interconvertible with EMA.PR.B
Emera Incorporated has announced: the applicable dividend rates for its Cumulative Rate Reset First Preferred Shares, Series A (the “Series A Shares”) and Cumulative Floating Rate First Preferred Shares, Series B (the “Series B Shares”), …
July 2, 2025
Another 52-week high, with the TXPR price index up 0.31% on the day. It is of interest to note that the YTW spread between FixedReset (Discounts) and PerpetualDiscounts is now only 10bp. PerpetualDiscounts now yield …
CM.PR.Q To Be Redeemed
Canadian Imperial Bank of Commerce has announced: its intention to redeem all of its issued and outstanding Non-cumulative Rate Reset Class A Preferred Shares Series 43 (Non-viability contingent capital (NVCC)) (Series 43 shares) (TSX: CM.PR.Q), …
June 25, 2025
Another new 52-week high for TXPR (price index) today; the index gained 0.13%. PerpetualDiscounts now yield 5.93%, equivalent to 7.71% interest at the standard conversion factor of 1.3x. Long corporates now yield 4.90%, so the …