{"id":23731,"date":"2013-12-02T19:12:02","date_gmt":"2013-12-02T19:12:02","guid":{"rendered":"http:\/\/prefblog.com\/?p=23731"},"modified":"2013-12-02T19:12:02","modified_gmt":"2013-12-02T19:12:02","slug":"pwf-pr-m-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=23731","title":{"rendered":"PWF.PR.M To Be Redeemed"},"content":{"rendered":"<p>As noted in the <a href=\"http:\/\/prefblog.com\/?p=23729\">new issue report<\/a>, Power Financial Corporation <a href=\"http:\/\/www.powerfinancial.com\/en\/news\/press-releases\/view\/591\/\">has announced<\/a>:<\/p>\n<blockquote><p>The Corporation intends to redeem all of its $175 million First Preferred Shares, Series M on January 31, 2014 upon completion of the Series T offering.<\/p><\/blockquote>\n<p>Nice! PWF.PR.M is a FixedReset, 6.00%+320 (<a href=\"http:\/\/www.prefblog.com\/?p=4029\">announced in November, 2008<\/a>, when the market was going vertical and not in a nice way), while the new issue is 4.20%+237 &#8230; so the company is saving 180bp on the difference in initial dividend and will save 93bp on all future resets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As noted in the new issue report, Power Financial Corporation has announced: The Corporation intends to redeem all of its $175 million First Preferred Shares, Series M on January 31, 2014 upon completion of the &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-23731","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23731","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=23731"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/23731\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}