Fortis Inc. has announced: that 2,975,154 of its 10,000,000 issued and outstanding Cumulative Redeemable Five-Year Fixed Rate Reset First Preference Shares, Series H (“Series H Shares”) were tendered for conversion, on a one‑for‑one basis into …
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TRP.PR.B To Reset At 2.152%
TransCanada Corporation has announced: that it has notified the registered shareholder of its Cumulative Redeemable First Preferred Shares, Series 3 (Series 3 Shares) of the Conversion Privilege and Dividend Rate Notice. Beginning on June 1, …
SLF.PR.G To Reset At 2.275%
Sun Life Financial Inc. has announced: the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the “Series 8R Shares”) and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR …
MAPF Performance: May 2015
The fund slightly outperformed the TXPR index in May (the BMO-CM “50” index returns are not yet available), a month marked by a good upswing in the first half and steady losses in the second …
May 27, 2015
The Bank of Canada didn’t move today: The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3/4 per cent. The Bank Rate is correspondingly 1 per cent …
May 22, 2015
Inflation picked up a little in the US: The U.S. cost of living excluding what households pay for food and fuel climbed more than forecast in April, indicating inflation is gravitating toward the Federal Reserve’s …
SLF.PR.G To Be Extended
Sun Life Financial Inc. has announced: that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the “Series 8R Shares”) on June …
FTS.PR.H: Convert or Hold?
It will be recalled that FTS.PR.H will reset to 2.50% effective June 1 – a fact that was established with some difficulty! Holders of FTS.PR.H have the option to convert to FloatingResets, FTS.PR.I, which will …
FTS.PR.H to Reset At 2.50%; Company Management Uncommunicative
As I noted on May 4: Fortis still hasn’t announced a reset rate for FTS.PR.H yet, despite the fact that it must have been calculated: “Fixed Rate Calculation Date” means, for any Subsequent Fixed Rate …
MAPF Performance: April 2015
The fund strongly broke even with the index in April, a month marked by a January-style crash in the first half and an impressive rally in the second half. ZPR, is an ETF comprised of …