{"id":16439,"date":"2011-09-21T22:19:39","date_gmt":"2011-09-22T02:19:39","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=16439"},"modified":"2011-09-21T22:19:39","modified_gmt":"2011-09-22T02:19:39","slug":"cu-pr-c-closes-strong-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=16439","title":{"rendered":"CU.PR.C Closes Strong on Good Volume"},"content":{"rendered":"<p>Canadian Utilities <a href=\"http:\/\/cnrp.marketwire.com\/cnrp_files\/20110921-921cu.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series Y, by a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets, and including TD Securities Inc. and Scotia Capital Inc. As a result of the underwriters exercising in full their option to purchase an additional 2 million Series Y Preferred Shares, Canadian Utilities Limited issued 13 million Series Y Preferred Shares for gross proceeds of $325 million. The Series Y Preferred Shares will begin trading on the TSX today under the symbol CU.PR.C. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.<\/p><\/blockquote>\n<p>CU.PR.C is a FixedReset 4.00%+240 <a href=\"http:\/\/www.prefblog.com\/?p=16342\">announced September 13<\/a>. It is tracked by HIMIPref&trade; and is assigned to the FixedReset subindex.<\/p>\n<p>The issue traded 471,280 shares today in a range of 25.15-25 before closing at 25.21-25, 9&#215;181. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>CU.PR.C<\/td>\n<td>FixedReset<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2041-09-21<br \/>\nMaturity Price  : 23.19<br \/>\nEvaluated at bid price : 25.21<br \/>\nBid-YTW : 3.73 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Utilities has announced: it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series Y, by a syndicate of underwriters co-led by RBC Capital Markets and BMO Capital Markets, and &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-16439","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16439","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=16439"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/16439\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16439"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}