The Toronto-Dominion Bank has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding 10 million Non-Cumulative 5-Year Rate Reset Preferred Shares, Series S (the …
Search Results for: conversion
June 5, 2013
The SEC is continuing to tiptoe around Money Market Mutual Fund reforms in an effort to please their future employers at the fundcos: The SEC’s proposal includes two principal alternative reforms that could be adopted …
MAPF Performance: May 2013
The fund outperformed in May, due largely to being under-weight in PerpetualPremium issues, which severely underperformed. ZPR, is a relatively new ETF comprised of FixedResets and Floating Rate issues, with a very high proportion of …
New Issue: BIR 7.00% 7-Year Retractible
Birchcliff Energy has announced: that in connection with its previously announced marketed offering of cumulative redeemable preferred shares, Series C (“Preferred Shares, Series C”), it has entered into an underwriting agreement with a syndicate of …
May 30, 2013
S&P has a negative outlook on Ontario: •In our view, Ontario continues to have a large, wealthy, and well-diversified economy; ongoing transfer payment support from the federal government for various social programs; adequate liquidity support; …
MAPF Performance: April 2013
The fund underperformed in April, due largely to the under-weighting in bank DeemedRetractible issues. Additionally, PerpetualPremiums, which are also under-weighted by the fund, did quite well despite the negative yield-to-worst on many of the issues. …
April 24, 2013
The Globe was enthralled with the new Air Canada equipment financing: Air Canada said on Wednesday it plans to acquire five new Boeing 777-300ER series aircraft with funds raised through offering two tranches of enhanced …
April 19, 2013
Civility trumps justice: Mr. Groia has spoken scathingly about his profession’s “civility movement” and has painted the discipline proceedings as a worrying attack on the ability of all lawyers to mount vigorous defences in high-stakes …
BNS.PR.A Is First FloatingReset
The Bank of Nova Scotia has announced: that 6,302,337 of its 13,800,000 Non-cumulative 5-Year Rate Reset Preferred Shares Series 18 of Scotiabank (the “Preferred Shares Series 18”) have been elected for conversion on April 26, …
April 15, 2013
S&P is nonchalant regarding recent banking regulatory announcements: In the past month, there have been two significant announcements relating to domestic regulation of Canadian banks. •On March 21, the federal government’s budget announced its plan …