DBRS has announced: that the Under Review with Developing Implications status has been maintained for GMP Capital Inc.’s (GMP or the Company) Cumulative Preferred Shares at Pfd-4 (high). The rating was put Under Review with …
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TRP.PR.E To Be Extended
TC Energy Corporation has announced: that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 9 (Series 9 Shares) on October 30, 2019. As a result, subject …
TA.PR.J : Convert or Hold?
It will be recalled that TA.PR.J will reset at 4.988% effective September 30, 2019 TA.PR.J is a FixedReset, 5.30%+380, that commenced trading 2014-8-14 after being announced 2014-8-6. It is tracked by HIMIPref™ and has been …
DC.PR.B / DC.PR.D : Convert or Hold?
It will be recalled that DC.PR.B will reset at 5.284% effective September 30, 2019 DC.PR.B is a FixedReset, 5.688%+410, that commenced trading 2009-9-15 with a 6.75% coupon after being announced 2009-8-25. It reset to 5.688% …
ALA.PR.G : Convert or Hold
It will be recalled that ALA.PR.G will reset at 4.242% effective September 30, 2019 ALA.PR.G is a FixedReset, 4.75%+306, that commenced trading 2014-7-3 after being announced 2014-6-23. Notice of extension was announced 2019-8-29. The issue …
EFN.PR.E : Convert or Hold?
It will be recalled that EFN.PR.E will reset at 5.903% effective September 30, 2019 EFN.PR.E is a FixedReset, 6.40%+472, that was announced 2014-6-2 but not immediately tracked by HIMIPref™ as it was unrated. Coverage commenced …
BAM.PF.F : Convert Or Hold?
It will be recalled that BAM.PF.F will reset at 4.029% effective October 1, 2019 BAM.PF.F is a FixedReset, 4.50%+286, that commenced trading 2014-6-5 after being announced 2014-5-27. It is tracked by HIMIPref™ and is assigned …
CIU Issues Another Long-Term Bond
CU Inc. has announced: that it will issue $580,000,000 of 2.963% Debentures maturing on September 7, 2049, at a price of $100.00 to yield 2.963%. This issue was sold by RBC Dominion Securities Inc., BMO …
Reset Calculation Oddity for 2019-9-30 / 2019-10-1
There is something odd going on with the calculated reset rates announced today: Basis Comparison of Resets Ticker Issue Reset Spread Announced Rate Implied GOC-5 Yield ALA.PR.G 306bp 4.242% 1.182% EFN.PR.E 472bp 5.903% 1.183% BAM.PF.F …
BAM.PF.F To Reset at 4.029%
Brookfield Asset Management Inc. has announced: that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 40 (“Series 40 Shares”) (TSX: BAM.PF.F) for the five years commencing October 1, …