{"id":16152,"date":"2011-08-26T18:14:38","date_gmt":"2011-08-26T22:14:38","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=16152"},"modified":"2011-08-26T18:14:38","modified_gmt":"2011-08-26T22:14:38","slug":"ylo-mtn-buybacks-filings-2011-8-26","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=16152","title":{"rendered":"YLO MTN BuyBacks: Filings 2011-8-26"},"content":{"rendered":"

Details are available at SEDI<\/a>.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n
YLO MTN Buybacks Disclosed 8\/26<\/b><\/td>\n<\/tr>\n
Issue<\/td>\nTrade
Date
(?)<\/td>\n		Face<\/td>\nValue<\/td>\nPrice<\/td>\nYield
?<\/td>\n<\/tr>\n
5.25% Feb 15, 2016<\/td>\n8\/22<\/td>\n72,000<\/td>\n59,864<\/td>\n83.09<\/td>\n10.04%<\/td>\n<\/tr>\n
Total for Issue to Date<\/i><\/td>\n67,439,350<\/td>\n56,237,936<\/td>\n <\/td>\n<\/tr>\n
7.3% Feb 2, 2015<\/td>\n8\/18<\/td>\n1,258,000<\/td>\n1,188,307<\/td>\n94.00<\/td>\n9.38%<\/td>\n<\/tr>\n
 <\/td>\n8\/23<\/td>\n200,000<\/td>\n188,960<\/td>\n94.00<\/td>\n9.38%<\/td>\n<\/tr>\n
Total for Issue to Date<\/i><\/td>\n121,885,000<\/td>\n115,122,386<\/td>\n <\/td>\n<\/tr>\n
Grand Total to Date<\/b><\/td>\n219,808,350<\/b><\/td>\n198,360,061<\/b><\/td>\n <\/td>\n<\/tr>\n
Yields have been calculated (using MS-Excel) assuming that the “Transaction Date” reported on SEDI is the Trade Date and that all trades were executed for normal settlement<\/i><\/td>\n<\/tr>\n<\/table>\n<\/div>\n

The odd number for the total face value (a non-integral multiple of 1,000) has been previously discussed<\/a>, so don’t start, OK? Totals include all filings commencing August 18.<\/p>\n

Readers of the August edition of PrefLetter<\/a> will understand that I am bitterly disappointed with the company’s decision to pursue buybacks by private contract; I feel that a Dutch Auction Tender<\/a>, for all issues in one big pot (with conversion factors on the prices of different issues to reflect differing desirability to the company of purchasing the issues) would be a far better way to go.<\/p>\n

YLO has the following preferred issues outstanding: YLO.PR.A, YLO.PR.B, YLO.PR.C and YLO.PR.D; the Normal Course Issuer Bid for these issues is still being pursued vigorously.<\/p>\n","protected":false},"excerpt":{"rendered":"

Details are available at SEDI. YLO MTN Buybacks Disclosed 8\/26 Issue TradeDate(?) Face Value Price Yield? 5.25% Feb 15, 2016 8\/22 72,000 59,864 83.09 10.04% Total for Issue to Date 67,439,350 56,237,936   7.3% Feb …<\/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-16152","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16152","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=16152"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16152\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}