{"id":19259,"date":"2012-07-17T14:10:14","date_gmt":"2012-07-17T18:10:14","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=19259"},"modified":"2012-07-17T14:10:14","modified_gmt":"2012-07-17T18:10:14","slug":"bce-pr-a-bce-pr-b-conversion-notice-sent","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=19259","title":{"rendered":"BCE.PR.A \/ BCE.PR.B Conversion Notice Sent"},"content":{"rendered":"<p>BCE Inc. <a href=\"http:\/\/www.bce.ca\/investors\/preferredshares\/\">has released<\/a> the <a href=\"http:\/\/www.bce.ca\/assets\/Uploads\/Documents\/DebtInfo\/SeriesAAResetConversionNoticeEnglish_Final.pdf\">conversion notice for BCE.PR.A<\/a> and a matching <a href=\"http:\/\/www.bce.ca\/assets\/Uploads\/Documents\/DebtInfo\/SeriesABResetConversionNoticeEnglishFinal.pdf\">notice for BCE.PR.B<\/a>.<\/p>\n<p>These issues constitute a <a href=\"http:\/\/www.prefblog.com\/?p=1378\">Strong Pair<\/a>.<\/p>\n<p>The effective date of the interconversion is 2012-9-1. The deadline for instructing the company to convert shares is 2012-8-22 &#8211; but note that brokers serving the public will probably have internal deadlines a day or two in advance of this. The new dividend rate on BCE.PR.A will be published 2012-8-9.<\/p>\n<p>At the <a href=\"http:\/\/www.prefblog.com\/?p=1096\">first conversion opportunity in 2007<\/a>, about half the outstanding BCE.PR.A were conversted into BCE.PR.B. The remaining shares of BCE.PR.A have paid 4.80% since then. Prime was at 6.25% when the last conversion was effective &#8230; how times have changed!<\/p>\n<p>These shares are trading at very nearly the same price &#8230; alas, there isn&#8217;t much of an arbitrage possibility here!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BCE Inc. has released the conversion notice for BCE.PR.A and a matching notice for BCE.PR.B. These issues constitute a Strong Pair. The effective date of the interconversion is 2012-9-1. The deadline for instructing the company &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-19259","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19259","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=19259"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19259\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}