{"id":11350,"date":"2010-06-28T14:04:43","date_gmt":"2010-06-28T18:04:43","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=11350"},"modified":"2010-06-28T14:04:43","modified_gmt":"2010-06-28T18:04:43","slug":"pwf-pr-j-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=11350","title":{"rendered":"PWF.PR.J to be Redeemed"},"content":{"rendered":"<p>Power Financial Corporation <a href=\"http:\/\/www.powerfinancial.com\/news\/2010_0628_eng.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>that it intends to redeem all $150 million of its outstanding 4.70% Non-Cumulative First Preferred Shares, Series J on July 30, 2010.<\/p>\n<p>In accordance with the terms of the Series J Shares, the redemption price will be $25.50 for each Series J share plus an amount equal to all declared and unpaid dividends, net of any tax required to be withheld by the Corporation.<\/p>\n<p>A notice of the redemption of the Series J Shares will be provided in accordance with the rights, privileges and conditions attached to the Series J Shares.<\/p><\/blockquote>\n<p>PWF.PR.J commenced trading in March, 2003, and was scheduled to become callable at par commencing 2012-4-30. It was last mentioned on PrefBlog in early 2007, after <a href=\"http:\/\/www.prefblog.com\/?p=543\">GWO bought Putnam<\/a>.<\/p>\n<p>PWF.PR.J is a member of the rapidly shrinking Operating Retractible index and closed last night at 25.80-85, with a negative Yield-to-Worst.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power Financial Corporation has announced: that it intends to redeem all $150 million of its outstanding 4.70% Non-Cumulative First Preferred Shares, Series J on July 30, 2010. In accordance with the terms of the Series &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11350","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11350","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11350"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/11350\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}