{"id":24345,"date":"2014-01-31T22:30:54","date_gmt":"2014-02-01T03:30:54","guid":{"rendered":"http:\/\/prefblog.com\/?p=24345"},"modified":"2014-01-31T22:30:54","modified_gmt":"2014-02-01T03:30:54","slug":"cwb-pr-a-called-for-redemption","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=24345","title":{"rendered":"CWB.PR.A Called For Redemption"},"content":{"rendered":"<p>Tagged on to the end of Canadian Western Bank&#8217;s <a href=\"http:\/\/prefblog.com\/?p=24343\">new issue announcement<\/a> was <a href=\"http:\/\/www.cwbankgroup.com\/press_releases\/docs\/20140131_PressRelease_PreferredShareOfferring.pdf\">the line<\/a>:<\/p>\n<blockquote><p>Subject to the approval of OSFI, CWB intends to redeem the currently outstanding non-cumulative 5-year rate reset First Preferred Shares Series 3 on April 30, 2014 in accordance with the terms of such shares.<\/p><\/blockquote>\n<p>This issue trades as CWB.PR.A and was <a href=\"http:\/\/prefblog.com\/?p=20513\">added to the HIMIPref&trade; database<\/a> in December 2012, after a <a href=\"http:\/\/prefblog.com\/?p=5697\">tumultuous start of trading<\/a> 2009-3-2 after being <a href=\"http:\/\/www.prefblog.com\/?p=5376\">announced 2009-2-5<\/a>. The warrants announced as part of that underwriting have done really well &#8211; exercisable for common at $14, which closed today at $36.43. Who needs dividends?<\/p>\n<p>CWB.PR.A was a FixedReset, 7.25%+500, so it&#8217;s not really surprising that it&#8217;s been called.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tagged on to the end of Canadian Western Bank&#8217;s new issue announcement was the line: Subject to the approval of OSFI, CWB intends to redeem the currently outstanding non-cumulative 5-year rate reset First Preferred Shares &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-24345","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24345","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=24345"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/24345\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}