{"id":30608,"date":"2015-09-22T22:45:47","date_gmt":"2015-09-23T03:45:47","guid":{"rendered":"http:\/\/prefblog.com\/?p=30608"},"modified":"2015-09-22T22:45:47","modified_gmt":"2015-09-23T03:45:47","slug":"bsc-pr-c-firm-on-good-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=30608","title":{"rendered":"BSC.PR.C Firm On Good Volume"},"content":{"rendered":"<p>Scotia Managed Companies <a href=\"http:\/\/www.scotiamanagedcompanies.com\/smc\/press_releases.do?company=BSC\">has announced<\/a>:<\/p>\n<blockquote><p>BNS Split Corp. II (the \u201cCompany\u201d) is pleased to announce that it has completed its public offering of Class B preferred shares, series 2 (\u201cPreferred Shares\u201d) raising $11,217,809 through the issuance of 569,143 Preferred Shares at a price per share of $19.71. In addition, the Company has redeemed all of its outstanding Class B preferred shares, series 1. The Preferred Shares were offered to the public on a best efforts basis by a syndicate of agents led by Scotiabank, which included CIBC and RBC Capital Markets.<\/p>\n<p>BNS Split Corp. II is a mutual fund corporation created to hold a portfolio of common shares of The Bank of Nova Scotia. Capital Shares and Preferred Shares of BNS Split Corp. II are listed for trading on The Toronto Stock Exchange under the symbols BSC and BSC.PR.C, respectively.<\/p><\/blockquote>\n<p>The issue is a <a href=\"http:\/\/prefblog.com\/?p=30546\">4% Five-Year Split Share<\/a>. It will be tracked by HIMIPref&trade; and has been assigned to the SplitShare subindex (although, given the size of the issue, I expect it to be permanently relegated to the Scraps subindex on volume concerns in fairly short order).<\/p>\n<p>BSC.PR.C traded 65,570 shares today in a range of 19.71-72 before closing at 19.69-72, 1&#215;103. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>BSC.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Hard Maturity<br \/>\nMaturity Date\t: 2020-09-22<br \/>\nMaturity Price  : 19.71<br \/>\nEvaluated at bid price : 19.69<br \/>\nBid-YTW : 4.04 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Note that <a href=\"http:\/\/dbrs.com\/research\/284577\/dbrs-discontinues-rating-on-bns-split-corp-ii-class-b-preferred-shares-series-1.html\">BSC.PR.B has been redeemed<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scotia Managed Companies has announced: BNS Split Corp. II (the \u201cCompany\u201d) is pleased to announce that it has completed its public offering of Class B preferred shares, series 2 (\u201cPreferred Shares\u201d) raising $11,217,809 through 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-30608","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/30608","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=30608"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/30608\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}