The fund outperformed the indices in November, as low-spread FixedResets outperformed their higher-spread cousins. When I wrote eMail To A Client towards the end of July, one had to go back to January, 2011, to …
Search Results for: conversion
TRP.PR.C To Be Extended
TransCanada Corporation has announced: that it does not intend to exercise its right to redeem its Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) on January 30, 2016. As a result, subject to …
DC.PR.C: Consider Exercising Dissent Rights To Defeat Management's Coercive Plan
Assiduous Reader prefman alerted me in the comments to the post “DC.PR.C: Coercive Exchange Offer” that the Notice of Special Meeting of Holders of First Preference Shares, Series 4 of Dundee Corporation to be held …
INE.PR.A To Be Extended
Innergex Renewable Energy Inc. has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative Rate Reset Preferred Shares, Series A of the Corporation …
GWO.PR.N, FFH.PR.I, CPX.PR.A: Convert or Hold?
It will be recalled that GWO.PR.N will reset to 2.176% effective December 31. Holders of GWO.PR.N have the option to convert to FloatingResets, which will pay 3-month bills plus 130bp, reset quarterly. FFH.PR.I will reset …
S&P Revises Bank Outlook to Stable on Federal Complacency
Standard & Poor’s has announced: •We continue to evaluate the likelihood, degree, and timeframe with respect to which the default risk of systemically important Canadian banks may change as a result of the government’s progress …
December 9, 2015
Well, it looks like one source of PrefBlog entertainment is coming to an end … Sprott is on the verge of winning the battle for Gold Trust: Sprott Asset Management LP (“Sprott” or “Sprott Asset …
PWF.PR.P To Be Extended
Power Financial Corporation has announced: that it does not intend to exercise its right to redeem all or part of the currently outstanding 11,200,000 Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series P (the “Series …
December 2, 2015
The hot news of the day is that the BoC did not move policy rates (emphasis added): The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 …
GWO.PR.N To Reset To 2.176%
Great-West Lifeco has announced: the dividend rates for its Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series N (the “Series N Shares”) and for its Non-Cumulative Floating Rate First Preferred Shares, Series O (the “Series …