{"id":209,"date":"2006-10-24T11:35:02","date_gmt":"2006-10-24T15:35:02","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=209"},"modified":"2006-10-24T11:35:02","modified_gmt":"2006-10-24T15:35:02","slug":"ntlprf-conversion-terms-set","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=209","title":{"rendered":"NTL.PR.F Conversion Terms Set"},"content":{"rendered":"<p>Nortel <a href=\"http:\/\/www2.nortel.com\/go\/news_detail.jsp?cat_id=-8055&#038;oid=100207443&#038;locale=en-US\">has announced<\/a> the dividend rate payable for the next five years on the Series 6 shares to which\u00a0holders of Series 5 shares (NTL.PR.F)\u00a0are entitled to convert. If they do not convert (or should conversion be cancelled due to insufficient orders), holders will retain their NTL.PR.F shares under the existing terms and conditions.<\/p>\n<blockquote>\n<p>Nortel Networks Limited announced that the fixed dividend rate for its Cumulative Redeemable Class A Preferred Shares Series 6 will be equal to 80% of the yield on five-year non-callable Government of Canada bonds to be determined on November 10, 2006.<\/p>\n<\/blockquote>\n<p>Pretty skimpy! Especially for an issue rated Pfd-5(low) by <a href=\"http:\/\/www.dbrs.com\">DBRS<\/a>! I rather suspect that there will be no conversions.\n<\/p>\n<p><!--c9637866cc7e3dc39d2e583f016ce657--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nortel has announced the dividend rate payable for the next five years on the Series 6 shares to which\u00a0holders of Series 5 shares (NTL.PR.F)\u00a0are entitled to convert. If they do not convert (or should conversion &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-209","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/209","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=209"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/209\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}