{"id":32090,"date":"2016-01-22T01:30:53","date_gmt":"2016-01-22T06:30:53","guid":{"rendered":"http:\/\/prefblog.com\/?p=32090"},"modified":"2016-01-22T01:30:53","modified_gmt":"2016-01-22T06:30:53","slug":"trp-pr-c-trp-pr-i-9-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=32090","title":{"rendered":"TRP.PR.C \/ TRP.PR.I: 9% Conversion to FloatingReset"},"content":{"rendered":"<p>TransCanada Corporation <a href=\"http:\/\/www.transcanada.com\/news-releases-article.html?id=2019040&#038;t=\">has announced<\/a>:<\/p>\n<blockquote><p>that 1,284,609 of its 14,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) have been elected for conversion on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series 6 (Series 6 Shares) effective on February 1, 2016. As a result, on February 1, 2016, TransCanada will have 12,715,391 Series 5 Shares and 1,284,609 Series 6 Shares issued and outstanding. The Series 5 Shares and Series 6 Shares will be listed on the Toronto Stock Exchange under the symbols TRP.PR.C and TRP.PR.I, respectively.<\/p><\/blockquote>\n<p>Assiduous Readers will recall that <a href=\"http:\/\/prefblog.com\/?p=31790\">TRP.PR.C will reset to 2.263%<\/a>; TRP.PR.I is a FloatingReset paying 154bp over 3-Month Bills, reset quarterly. I <a href=\"http:\/\/prefblog.com\/?p=31946\">recommended against conversion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TransCanada Corporation has announced: that 1,284,609 of its 14,000,000 fixed rate Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares) have been elected for conversion on a one-for-one basis, into floating rate Cumulative Redeemable &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-32090","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32090","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=32090"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/32090\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}