It will be recalled that PWF.PR.P will reset to 2.306% effective February 1. Holders of PWF.PR.P have the option to convert to FloatingResets, which will pay 3-month bills plus 160bp on the par value of …
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BNS.PR.Z: Convert Or Hold?
It will be recalled that BNS.PR.Z will reset to 2.063% effective February 2. Holders of BNS.PR.Z have the option to convert to FloatingResets, which will pay 3-month bills plus 134bp on the par value of …
TRP.PR.C: Convert or Hold?
It will be recalled that TRP.PR.C will reset to 2.263% effective January 30. Holders of TRP.PR.C have the option to convert to FloatingResets, which will pay 3-month bills plus 154bp on the par value of …
PWF.PR.P To Reset To 2.306%
Power Financial Corporation has announced: the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series P (the “Series P shares”) and Non-Cumulative Floating Rate First Preferred Shares, Series Q (the “Series …
FFH.PR.J Listed: No Trading
FFH.PR.J has been created by partial exchange from FFH.PR.I, following the latter issue’s reset to 3.708% for the next five years, a reduction of about 26% in the dividend rate. FFH.PR.J will pay 3-month bills …
GWO.PR.O Listed: No Trading, Wide Spread
As I reported previously, there was a 15% conversion to GWO.PR.O, the FloatingReset, from GWO.PR.N, the FixedReset, following the latter issue’s reset to 2.176% for the next five years, a reduction of just over 40% …
BNS.PR.Z To Reset At 2.063%
The Bank of Nova Scotia has announced: that it does not intend to exercise its right to redeem the currently outstanding Non-cumulative 5-Year Rate Reset Preferred Shares Series 32 of Scotiabank (the “Preferred Shares Series …
TRP.PR.C To Reset At 2.263%
TransCanada Corporation has announced [although not yet on their website]: that it has notified the registered shareholder of the applicable dividend rates for Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) and the …
INE.PR.A: Convert Or Hold?
It will be recalled that INE.PR.A will reset to 3.608% effective January 15. Holders of INE.PR.A have the option to convert to FloatingResets, which will pay 3-month bills plus 279bp on the par value of …
INE.PR.A To Reset at 3.608%
Innergex Renewable Energy Inc. has announced: the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series A (“Series A shares”) and Cumulative Floating Rate Preferred Shares, Series B (“Series B shares”). With respect …