{"id":2527,"date":"2008-07-31T13:42:30","date_gmt":"2008-07-31T17:42:30","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2527"},"modified":"2008-07-31T13:42:30","modified_gmt":"2008-07-31T17:42:30","slug":"paypra-matures-on-schedule","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2527","title":{"rendered":"PAY.PR.A Matures on Schedule"},"content":{"rendered":"<p>Lawrence Asset Management <a href=\"http:\/\/www.lawrenceasset.com\/Client\/Lawrence\/Lawrence_LP4W_LND_Webstation.nsf\/page\/Overview?OpenDocument\">has announced<\/a>:<\/p>\n<blockquote><p>On July 31, 2008, holders of Preferred Shares are expected to be repaid $25.00 per Preferred Share from the proceeds of a forward agreement with Canadian Imperial Bank of Commerce. The Preferred Shares offer an attractive alternative to conventional preferred shares, bonds, money market and other income vehicles.<\/p>\n<p>Equity Shares (TSX:PAY) On July 31, 2008, Equity Shareholders will receive the proceeds of the Managed Portfolio. Distributions to PAY holders were paid from the Fund&#8217;s inception to October 31, 2005. PAY does not currently have a distribution.<\/p><\/blockquote>\n<p>So the preferred shares will be paid in full; the equity shares will receive about $11.40, after having subscribed $20 in March 2002 &#8230; and, as noted by Lawrence Asset Management, not having received distributions for the past 2.75 years.<\/p>\n<p>PAY.PR.A was <a href=\"http:\/\/www.prefblog.com\/?p=1810\">last mentioned in February 2008<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lawrence Asset Management has announced: On July 31, 2008, holders of Preferred Shares are expected to be repaid $25.00 per Preferred Share from the proceeds of a forward agreement with Canadian Imperial Bank of Commerce. &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-2527","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2527","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=2527"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2527\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}