{"id":21225,"date":"2013-03-01T00:07:17","date_gmt":"2013-03-01T04:07:17","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=21225"},"modified":"2013-03-01T00:07:17","modified_gmt":"2013-03-01T04:07:17","slug":"pwf-pr-s-firm-on-excellent-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=21225","title":{"rendered":"PWF.PR.S Firm on Excellent Volume"},"content":{"rendered":"<p>Power Financial Corporation <a href=\"http:\/\/www.powerfinancial.com\/en\/news\/view\/537\/\">has announced<\/a>:<\/p>\n<blockquote><p> the successful completion and closing of an offering of 12,000,000 4.80% Non-Cumulative First Preferred Shares, Series S (the \u201cSeries S Shares\u201d) priced at $25.00 per share to raise gross proceeds of $300 million.<\/p>\n<p>The issue was bought by an underwriting syndicate co-led by BMO Capital Markets, RBC Capital Markets and Scotiabank.<\/p>\n<p>The Series S Shares will be listed and posted for trading on the Toronto Stock Exchange under the symbol \u201cPWF.PR.S\u201d. Proceeds from the issue will be used to acquire subscription receipts of Great-West Lifeco Inc. (\u201cLifeco\u201d) exchangeable into common shares of Lifeco as part of the $1.25 billion offering of subscription receipts announced by Lifeco on February 19, 2013 in connection with its proposed acquisition of Irish Life Group Limited and to supplement Power Financial\u2019s financial resources.<\/p><\/blockquote>\n<p>PWF.PR.S is a Straight Perpetual, 4.80%, <a href=\"http:\/\/www.prefblog.com\/?p=21148\">announced February 19<\/a>. It will be tracked by HIMIPref&trade; and has been assigned to the PerpetualDiscount index.<\/p>\n<p>The issue traded 673,150 shares today in a range of 24.93-99 before closing at 24.96-98, 16&#215;44. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>PWF.PR.S<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2043-02-28<br \/>\nMaturity Price  : 24.57<br \/>\nEvaluated at bid price : 24.96<br \/>\nBid-YTW : 4.81 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Power Financial Corporation has announced: the successful completion and closing of an offering of 12,000,000 4.80% Non-Cumulative First Preferred Shares, Series S (the \u201cSeries S Shares\u201d) priced at $25.00 per share to raise gross proceeds &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-21225","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21225","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=21225"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/21225\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}