{"id":1812,"date":"2008-02-15T19:05:45","date_gmt":"2008-02-15T23:05:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1812"},"modified":"2008-02-15T19:05:45","modified_gmt":"2008-02-15T23:05:45","slug":"albpra-partial-call-for-redemption","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1812","title":{"rendered":"ALB.PR.A : Partial Call for Redemption"},"content":{"rendered":"<p>Allbanc Split Corp. II <a href=\"http:\/\/www.scotiamanagedcompanies.com\/mcapp\/ALB_02_15_2008.pdf?FILE=ALB_02_15_2008.pdf&#038;TYPE=PRESS_RELEASE&#038;CONTENT_TYPE=pdf\">has announced<\/a>:<\/p>\n<blockquote><p>that it has called 164,867 Preferred Shares for cash redemption on February 28, 2008 (in accordance with the Company\u2019s Articles) representing approximately 3.524% of the outstanding Preferred Shares as a result of the special annual retraction of 1,729,032 Capital Shares by the holders thereof. The Preferred Shares shall be redeemed on a pro rata basis, so that each holder of Preferred Shares of record on February 27, 2008 will have approximately 3.524% of their Preferred Shares redeemed. The redemption price for the Preferred Shares will be $25.00 per share.<\/p><\/blockquote>\n<p>An annoyingly small redemption &#8230; big enough to turn board-lots into odd-lots, without providing (for most holders, I&#8217;m sure) a tradeable amount of cash.<\/p>\n<p>ALB.PR.A is tracked by HIMIPref&trade; and is a member of the <a href=\"http:\/\/www.prefblog.com\/wp-content\/uploads\/2008\/02\/J5_080214.pdf\">SplitShares Index<\/a>. It has been <a href=\"http:\/\/www.prefblog.com\/?p=1522\">recently removed from the S&#038;P\/TSX Preferred Share Index<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allbanc Split Corp. II has announced: that it has called 164,867 Preferred Shares for cash redemption on February 28, 2008 (in accordance with the Company\u2019s Articles) representing approximately 3.524% of the outstanding Preferred Shares as &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-1812","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1812","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=1812"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1812\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}