It will be recalled that MFC.PR.J will reset at 4.731% effective March 20. MFC.PR.J is currently a FixedReset, 4.00%+261, that commenced trading 2012-12-4 after being announced 2012-11-27. It is tracked by HIMIPref™ and is assigned …
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MFC.PR.J To Reset At 4.731%
Manulife Financial Corporation has announced (emphasis added): 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 Rate Class 1 Shares …
ENB.PR.D To Reset at 4.46%
Enbridge Inc. has announced (on January 30): that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series D (Series D Shares) (TSX: ENB.PR.D) on March 1, …
BAM.PR.Z : Convert or Hold?
It will be recalled that BAM.PR.Z will reset to 4.685% (paid on par) effective January 1. Holders of BAM.PR.Z have the option to convert to FloatingResets, which will pay 3-month bills plus 296bp on the …
NPI.PR.C : Convert or Hold?
It will be recalled that NPI.PR.C will reset to 5.08% (paid on par) effective December 31. Holders of NPI.PR.C have the option to convert to FloatingResets, which will pay 3-month bills plus 346bp on the …
IFC.PR.A : Convert or Hold?
It will be recalled that IFC.PR.A will reset to 3.396% (paid on par) effective December 31. Holders of IFC.PR.A have the option to convert to FloatingResets, which will pay 3-month bills plus 172bp on the …
BAM.PR.Z To Reset At 4.685%
Brookfield Asset Management Inc. has announced: that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 30 (“Series 30 Shares”) (TSX:BAM.PR.Z) for the five years commencing January 1, 2018 …
NPI.PR.C To Reset At 5.08%
Northland Power Inc. has announced: the fixed dividend rate on its Cumulative Rate Reset Preferred Shares, Series 3 (“Series 3 Shares”) for the five years commencing December 31, 2017 and ending December 30, 2022. The …
IFC.PR.A To Reset At 3.396%
Intact Financial Corporation has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding Non-cumulative Rate Reset Class A Shares Series 1 of IFC (the …
October 10, 2017
Scotia came out with a Tier 1 Bond last week: Bank of Nova Scotia saw strong investor demand on Wednesday for an Additional Tier 1 bond, the first offshore deal of its kind out of …