Quebecor has announced: the fixed dividend rate for its Series 3 Cumulative Redeemable First Preferred Shares (TSX:IQW.PR.D) (the “Series 3 Preferred Shares”) will be equal to 150% of the yield on five-year non-callable Government of …
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IQW.PR.C / IQW.PR.D Downgraded by DBRS … Again
It was only about five weeks ago that these issues were last downgraded and now DBRS has announced: DBRS has today downgraded the long-term debt of Quebecor World Inc. (Quebecor World or the Company) and …
Arbitrage Possibility on IQW.PR.C
Well, we all know that IQW.PR.C was recently downgraded. But there are still people buying the common, which gives rise to a kind-of interesting arbitrage possibility. According to the prospectus: On and after December 1, …
IQW.PR.C / IQW.PR.D Downgraded by DBRS
DBRS has announced that it: has today downgraded the long-term debt ratings of Quebecor World Inc. (Quebecor World or the Company) to B (high) from BB, and downgraded the preferred share rating to Pfd-5 (high) …
DBRS: IQW.PR.C / IQW.PR.D Under Review Negative
DBRS has announced it has: placed the BB long-term debt ratings and Pfd-4 preferred share rating of Quebecor World Inc. and its related subsidiaries (Quebecor World or the Company) Under Review with Negative Implications. The …
IQW.PR.C / IQW.PR.D Downgraded by DBRS
DBRS has announced that they have downgraded all series of the Quebecor World Inc. preferred shares to Pfd-4 with a negative trend (it was previously Pfd-4(high) with a negative trend. DBRS cited a “greater than …
DC.PR.E Plunging On Accelerating Losses
Assiduous Reader TS writes in and says: James, first of all I do want to say that I check your prefblog regularly and do enjoy your content. Attaboy, TS! That’s how you get your eMails …
BoE Releases December 2009 Financial Stability Report
The Bank of Engand has released the December 2009 Financial Stability Report, with the usual tip-top analysis. The first chart puts things into perspective: the UK is a smaller economy than the US or the …
OSFI to Consider New Bank Soft-Retractibles?
Barry Critchley writes in today’s Financial Post: Are so-called soft retractable preferred shares — a security that allows the issuer, at maturity, to pay in common shares or cash– the next type of Tier 1 …
HIMIPref™ Index Rebalancing: October 2008
HIMI Index Changes, October 31, 2008 Issue From To Because PWF.PR.D Scraps OpRet Volume CL.PR.B PerpetualPremium PerpetualDiscount Price There were the following intra-month changes: HIMI Index Changes during October 2008 Issue Action Index Because CGI.PR.A …