{"id":18838,"date":"2012-06-06T21:03:25","date_gmt":"2012-06-07T01:03:25","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18838"},"modified":"2012-06-06T21:03:25","modified_gmt":"2012-06-07T01:03:25","slug":"ala-pr-u-weak-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18838","title":{"rendered":"ALA.PR.U Weak on Good Volume"},"content":{"rendered":"<p>AltaGas <a href=\"http:\/\/altagas.mwnewsroom.com\/press-releases\/altagas-ltd-announces-closing-of-us200-million-p-tsx-ala-201206060796374001\">has announced<\/a>:<\/p>\n<blockquote><p>it has closed its previously announced public offering of 8,000,000 Cumulative Redeemable Five-Year Fixed Rate Reset Preferred Shares, Series C (the &#8220;Series C Preferred Shares&#8221;) at a price of US$25.00 per Series C Preferred Share (&#8220;the Offering&#8221;) for aggregate gross proceeds of US$200 million. The previously announced underwriters&#8217; option to purchase an additional 2,000,000 Series C Preferred Shares at a price of US$25.00 per share was exercised in full.<\/p>\n<p>The Offering was first announced on May 29, 2012 when AltaGas entered into an agreement with a syndicate of underwriters, co-led by RBC Capital Markets, CIBC and Scotiabank.<\/p>\n<p>Net proceeds will be used to reduce outstanding indebtedness and for general corporate purposes.<\/p>\n<p>The Series C Preferred Shares will commence trading today on the Toronto Stock Exchange under the symbol ALA.PR.U.<\/p><\/blockquote>\n<p>ALA.PR.U is a FixedReset, US-Pay, 4.40%+358, <a href=\"http:\/\/www.prefblog.com\/?p=18740\">announced May 29<\/a>. The issue traded 402,860 shares today in a range of 24.35-60 before closing at 24.45-49, 20&#215;1.<\/p>\n<p>ALA.PR.U will not be tracked by HIMIPref&trade; as there are insufficient USD issues available to form a coherent universe.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AltaGas has announced: it has closed its previously announced public offering of 8,000,000 Cumulative Redeemable Five-Year Fixed Rate Reset Preferred Shares, Series C (the &#8220;Series C Preferred Shares&#8221;) at a price of US$25.00 per 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":[13,31],"tags":[],"class_list":["post-18838","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-us-pay"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18838","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=18838"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18838\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}