{"id":19687,"date":"2012-09-08T17:49:17","date_gmt":"2012-09-08T21:49:17","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=19687"},"modified":"2012-09-08T17:49:17","modified_gmt":"2012-09-08T21:49:17","slug":"dbrs-reviews-13-split-shares","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=19687","title":{"rendered":"DBRS Reviews 13 Split Shares"},"content":{"rendered":"<p>DBRS <a href=\"http:\/\/www.dbrs.com\/research\/250677\/dbrs-takes-various-rating-actions-on-13-preferred-shares-and-securities-issued-by-split-share-vehicles.html\">has announced<\/a> that it:<\/p>\n<blockquote><p>has today taken a range of rating actions on 13 structured preferred shares issued by 12 split share companies and trusts (collectively, the Issuers). <\/p><\/blockquote>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td colspan=\"6\">DBRS Review Announced 2012-9-7<\/td>\n<\/tr>\n<tr>\n<td>Ticker<\/td>\n<td>Old<br \/>Rating<\/td>\n<td>Asset<br \/>Coverage<\/td>\n<td>Last<br \/>PrefBlog<br \/>Post<\/td>\n<td>HIMIPref&trade;<br \/>Index<\/td>\n<td>New<br \/>Rating<\/td>\n<\/tr>\n<tr>\n<td>CGI.PR.B<\/td>\n<td>Pfd-1(low)<\/td>\n<td><a href=\"http:\/\/www.mmainvestments.com\/pdf\/2012_CGI_Q2_Interim_Final.pdf\">3.9-:1<\/a><br \/>2012-6-30<\/a><\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=7764\">Capital Unit Dividend Worries<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-1(low)<\/td>\n<\/tr>\n<tr>\n<td>CGI.PR.C<\/td>\n<td>Pfd-1(low)<\/td>\n<td><a href=\"http:\/\/www.mmainvestments.com\/pdf\/2012_CGI_Q2_Interim_Final.pdf\">3.9-:1<\/a><br \/>2012-6-30<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=7764\">Capital Unit Dividend Worries<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-1(low)<\/td>\n<\/tr>\n<tr>\n<td>NEW.PR.C<\/td>\n<td>Pfd-2<\/td>\n<td><a href=\"http:\/\/www.scotiamanagedcompanies.com\/smc\/profile.do?company=NEW\">3.4-:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=18903\">Partial Redemption<\/a><\/td>\n<td>Scraps<\/td>\n<td><b>Pfd-2(high)<\/b><\/td>\n<\/tr>\n<tr>\n<td>CBU.PR.A<\/td>\n<td>Pfd-2<\/td>\n<td><a href=\"http:\/\/www.firstasset.com\/products\/overview\/?fund=First+Asset+CanBanc+Split+Corp.\">3.7-:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=13548\">Normal Course Issuer Bid<\/a><\/td>\n<td>Not tracked<\/td>\n<td>Pfd-2<\/td>\n<\/tr>\n<tr>\n<td>BBO.PR.A<\/td>\n<td>Pfd-2(low)<\/td>\n<td><a href=\"http:\/\/www.claymoreinvestments.ca\/en\/cef\/fund\/bbo\">2.0+:1<\/a><br \/>2012-9-7<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=16524\">Gets Bigger<\/a><\/td>\n<td>Not tracked<\/td>\n<td><b>Pfd-2 [Review Negative]<\/b><\/td>\n<\/tr>\n<tr>\n<td>BSC.PR.B<\/td>\n<td>Pfd-2(low)<\/td>\n<td><a href=\"http:\/\/www.scotiamanagedcompanies.com\/smc\/profile.do?company=BSC\">2.5+:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=16288\">Partial Call for Redemption<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-2(low)<\/td>\n<\/tr>\n<tr>\n<td>SBC.PR.A<\/td>\n<td>Pfd-3(high)<\/td>\n<td><a href=\"http:\/\/www.bromptongroup.com\/funds\/fund\/sbc\/overview\">2.1+:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=18632\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-3(high)<\/td>\n<\/tr>\n<tr>\n<td>BK.PR.A<\/td>\n<td>Pfd-3(high)<\/td>\n<td><a href=\"http:\/\/www.primerateplus.com\/valuations.html\">1.9+:1<\/a><br \/>2012-8-31<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=18073\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td><b>Pfd-3<\/b><\/td>\n<\/tr>\n<tr>\n<td>DFN.PR.A<\/td>\n<td>Pfd-3(high)<\/td>\n<td><a href=\"http:\/\/www.dividend15.com\/valuations.html\">1.8+:1<\/a><br \/>2012-8-31<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=14507\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td><b>Pfd-3<\/b><\/td>\n<\/tr>\n<tr>\n<td>SBN.PR.A<\/td>\n<td>Pfd-3<\/td>\n<td><a href=\"http:\/\/www.strathbridge.com\/funds.aspx\">1.8-:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=15654\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-3<\/td>\n<\/tr>\n<tr>\n<td>DF.PR.A<\/td>\n<td>Pfd-3<\/td>\n<td><a href=\"http:\/\/www.dividend15.com\/valuations.html\">1.5+:1<\/a><br \/>2012-8-31<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=14726\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td><b>Pfd-3(low)<\/b><\/td>\n<\/tr>\n<tr>\n<td>FCS.PR.B<\/td>\n<td>Pfd-3(low)<\/td>\n<td><a href=\"http:\/\/faircourtassetmgt.com\/wp-content\/uploads\/2012\/04\/Faircourt-Split-Trust.pdf\">1.4+:1<\/a><br \/>2011-12-31<br \/><a href=\"http:\/\/faircourtassetmgt.com\/products\/closed-end-funds\/faircourt-split-trust\/\">1.4-:1<\/a><br \/>2012-9-6<br \/>(My calculation)<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=16198\">Warrant Offering<\/a><\/td>\n<td>Scraps<\/td>\n<td>Pfd-3(low)<\/td>\n<\/tr>\n<tr>\n<td>LBS.PR.A<\/td>\n<td>Pfd-3<\/td>\n<td><a href=\"http:\/\/www.bromptongroup.com\/funds\/fund\/lbs\/overview\">1.5+:1<\/a><br \/>2012-9-6<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=18884\">Annual Report<\/a><\/td>\n<td>Scraps<\/td>\n<td><b>Pfd-3(low)<\/b><\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>DBRS has announced that it: has today taken a range of rating actions on 13 structured preferred shares issued by 12 split share companies and trusts (collectively, the Issuers). DBRS Review Announced 2012-9-7 Ticker OldRating &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-19687","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19687","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=19687"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/19687\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}