{"id":24027,"date":"2013-12-14T00:27:15","date_gmt":"2013-12-14T05:27:15","guid":{"rendered":"http:\/\/prefblog.com\/?p=24027"},"modified":"2013-12-14T00:27:15","modified_gmt":"2013-12-14T05:27:15","slug":"bns-pr-s-to-be-redeemed","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24027","title":{"rendered":"BNS.PR.S To Be Redeemed"},"content":{"rendered":"<p>The Bank of Nova Scotia <a href=\"http:\/\/scotiabank.mwnewsroom.com\/press-releases\/scotiabank-announces-redemption-of-preferred-share-tsx-bns--11g010739-001\">has announced<\/a>:<\/p>\n<blockquote><p>that it intends to exercise its right to redeem all outstanding Non-cumulative Preferred Shares Series 24 of Scotiabank on January 26, 2014 at a price equal to $25.00 per share, together with all declared and unpaid dividends. Formal notice will be issued to shareholders in accordance with the related share conditions.<\/p>\n<p>The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank.<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.scotiabank.com\/ca\/en\/0,,4158,00.html\">Series 24 is BNS.PR.S<\/a>, a FixedReset 6.25+384, which was issued as <a href=\"http:\/\/prefblog.com\/?p=4302\">part of the consideration<\/a> for Sun Life&#8217;s interest in CI, and <a href=\"http:\/\/prefblog.com\/?p=4354\">not very well publicized<\/a>. It <a href=\"http:\/\/prefblog.com\/?p=4464\">closed 2008-12-12<\/a> and was tracked by HIMIPref&trade; for a while; <a href=\"http:\/\/prefblog.com\/?p=5879\">tracking ceased on 2009-3-13<\/a> when not a single share had traded amidst total silence from the principals. While I confess I haven&#8217;t been doing much checking since then, it looks like <a href=\"http:\/\/web.tmxmoney.com\/pricehistory.php?qm_symbol=BNS.PR.S\">the situation hasn&#8217;t changed<\/a>.<\/p>\n<p>But now it&#8217;s being redeemed and the world can recommence spinning on its axis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of Nova Scotia has announced: that it intends to exercise its right to redeem all outstanding Non-cumulative Preferred Shares Series 24 of Scotiabank on January 26, 2014 at a price equal to $25.00 &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-24027","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24027","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=24027"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24027\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}