Search Results for: conversion

Issue Comments

TD.PF.J To Reset At 5.747%

The Toronto-Dominion Bank has announced: the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset Preferred Shares, Series 18 (Non-Viability Contingent Capital (NVCC)) (the “Series 18 Shares”) and Non-Cumulative Floating Rate Preferred Shares, Series 19 …

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Issue Comments

TD.PF.J To Be Extended

The Toronto-Dominion Bank has announced (on 2023-3-29): that it does not intend to exercise its right to redeem all or any part of the currently outstanding 14 million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series …

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Contingent Capital

NVCC & Credit Suisse

OSFI has announced: OSFI is issuing this statement to reinforce guidance around the design of the regulatory treatment of Additional Tier 1 and Tier 2 capital instruments. Canada’s capital regime preserves creditor hierarchy which helps …

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Issue Comments

MFC.PR.J To Reset To 6.159%

Manulife Financial Corporation has announced (although not yet on their website): the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 11 (the “Series 11 Preferred Shares”) (TSX: MFC.PR.J) and Non-cumulative Floating …

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