{"id":33671,"date":"2016-09-20T22:04:56","date_gmt":"2016-09-21T03:04:56","guid":{"rendered":"http:\/\/prefblog.com\/?p=33671"},"modified":"2016-09-20T22:04:56","modified_gmt":"2016-09-21T03:04:56","slug":"cf-pr-a-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=33671","title":{"rendered":"CF.PR.A: No Conversion To FloatingReset"},"content":{"rendered":"<p>Canaccord Genuity Group Inc. <a href=\"http:\/\/www.canaccordgenuitygroup.com\/EN\/Documents\/Press_Release_Announcing_Conversion_Results_No_Conversion_Sept_16.pdf\">has announced<\/a>:<\/p>\n<blockquote><p>that after having taken into account all election notices received by the September 15, 2016 conversion deadline in respect of the Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the \u201cSeries A Preferred Shares\u201d) tendered for conversion into Cumulative Floating Rate First Preferred Shares, Series B (the \u201cSeries B Preferred Shares\u201d), the holders of the Series A Preferred Shares are not entitled to convert their shares. There were 761,594 Series A Preferred Shares tendered for conversion, which is less than the 1,000,000 shares required for the ability to proceed with the conversion into Series B Preferred Shares, in accordance with the terms of the Series A Preferred Shares.<\/p>\n<p>There are currently 4,540,000 Series A Preferred Shares listed on the Toronto Stock Exchange under the symbol CF.PR.A.<\/p><\/blockquote>\n<p>I previously reported that <a href=\"http:\/\/prefblog.com\/?p=33576\">CF.PR.A will reset at 3.885%<\/a> for the next five years before resetting again at GOC-5 + 321bp. The FloatingReset shares, which will not be issued at the present time, would have paid three-month bills +321bp, reset quarterly. The <a href=\"http:\/\/prefblog.com\/?p=33509\">notice of extension<\/a> was also reported.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canaccord Genuity Group Inc. has announced: that after having taken into account all election notices received by the September 15, 2016 conversion deadline in respect of the Cumulative 5-Year Rate Reset First Preferred Shares, Series &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-33671","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33671","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=33671"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/33671\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}