{"id":17938,"date":"2012-02-24T11:34:29","date_gmt":"2012-02-24T15:34:29","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=17938"},"modified":"2012-02-24T11:34:29","modified_gmt":"2012-02-24T15:34:29","slug":"pwf-pr-r-reaches-solid-premium-on-high-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=17938","title":{"rendered":"PWF.PR.R Reaches Solid Premium on High Volume"},"content":{"rendered":"<p>Power Financial Corporation <a href=\"http:\/\/www.powerfinancial.com\/media\/upload\/news\/2012-02-23_PFC_Closing_News_Release_EN.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>the successful completion and closing of an offering of 10,000,000 5.50% Non-Cumulative First Preferred Shares, Series R (the \u201cSeries R Shares\u201d) priced at $25.00 per share to raise gross proceeds of $250 million.<\/p>\n<p>The issue was bought by an underwriting syndicate co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank.<\/p>\n<p>The Series R Shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol \u201cPWF.PR.R\u201d. Proceeds from the issue will be used to supplement Power Financial Corporation\u2019s financial resources and for general corporate purposes.<\/p><\/blockquote>\n<p>PWF.PR.R is a 5.50% Straight Perpetual <a href=\"http:\/\/www.prefblog.com\/?p=17834\">announced February 13<\/a>.<\/p>\n<p>PWF.PR.R traded 901,316 shares in a range of 24.95-25 before closing at 25.22-34, 2&#215;100. The issue will be tracked by HIMIPref&trade; and is assigned to the PerpetualPremium index. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>PWF.PR.R<\/td>\n<td>Perpetual-Premium<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Call<br \/>\nMaturity Date\t: 2021-04-30<br \/>\nMaturity Price  : 25.00<br \/>\nEvaluated at bid price : 25.22<br \/>\nBid-YTW : 5.41 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Power Financial Corporation has announced: the successful completion and closing of an offering of 10,000,000 5.50% Non-Cumulative First Preferred Shares, Series R (the \u201cSeries R Shares\u201d) priced at $25.00 per share to raise gross proceeds &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-17938","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17938","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=17938"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/17938\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}