{"id":28468,"date":"2015-04-01T02:19:58","date_gmt":"2015-04-01T07:19:58","guid":{"rendered":"http:\/\/prefblog.com\/?p=28468"},"modified":"2015-04-01T02:19:58","modified_gmt":"2015-04-01T07:19:58","slug":"aim-pr-a-aim-pr-b-43-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=28468","title":{"rendered":"AIM.PR.A \/ AIM.PR.B: 43% Conversion To FloatingReset"},"content":{"rendered":"

AIM.PR.A recently extended with a dividend cut of 31%<\/a> and I recommended that holders retain their shares<\/a> in preference to conversion to the FloatingReset issues. More recently, I opined that AIM.PR.A looks cheap relative to AIM.PR.C<\/a>.<\/p>\n

Aimia did not issue a press release with respect to either the conversion percentage or the first day of listing of the FloatingReset AIM.PR.B on the Toronto Stock Exchange, but TMXMoney<\/a> reports that there are now 3,953,365 shares of AIM.PR.A outstanding relative to 2,946,635 shares of AIM.PR.B, so we may calculate a conversion rate of 43%.<\/p>\n

There was no volume in AIM.PR.B reported.<\/p>\n

Despite this lack of volume – or, who knows, maybe because of it – the AIM.PR.A \/ AIM.PR.B Strong Pair ended its first day on the market with an implied average three-month bill rate over the next five years of +0.24%, well within the boundaries set by other pairs.<\/p>\n

\"pairs_FR_150331\"<\/a>
Click for Big<\/i><\/div>\n

Vital statistics are:<\/p>\n

\n\n\n\n
AIM.PR.A<\/td>\nFixedReset<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-03-31
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 5.84 %<\/td>\n<\/tr>\n
AIM.PR.B<\/td>\nFloatingReset<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2045-03-31
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 5.66 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

AIM.PR.A recently extended with a dividend cut of 31% and I recommended that holders retain their shares in preference to conversion to the FloatingReset issues. More recently, I opined that AIM.PR.A looks cheap relative to …<\/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-28468","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28468","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=28468"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/28468\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}