{"id":40254,"date":"2020-02-09T01:07:12","date_gmt":"2020-02-09T06:07:12","guid":{"rendered":"http:\/\/prefblog.com\/?p=40254"},"modified":"2020-02-09T01:07:12","modified_gmt":"2020-02-09T06:07:12","slug":"ema-pr-f-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40254","title":{"rendered":"EMA.PR.F : No Conversion To FloatingReset"},"content":{"rendered":"<p>Emera Incorporated <a href=\"http:\/\/investors.emera.com\/file\/Index?KeyFile=402679852\">has announced<\/a> (on February 6):<\/p>\n<blockquote><p>that after having taken into account all conversion notices received from holders of its outstanding Cumulative Rate Reset First Preferred Shares, Series F (the \u201cSeries F Shares\u201d) by the January 31, 2020 deadline for conversion notices, less than the 1,000,000 Series F Shares required to give effect to conversions into Cumulative Floating Rate First Preferred Shares, Series G (the \u201cSeries G Shares\u201d) were tendered for conversion. As a result, none of Emera\u2019s outstanding Series F Shares will be converted into Series G Shares on February 15, 2020. The Series F Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbol EMA.PR.F.<\/p><\/blockquote>\n<p>EMA.PR.F is a FixedReset, 4.25%+263, that <a href=\"http:\/\/prefblog.com\/?p=25515\">commenced trading 2014-6-9<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=25396\">being announced 2014-5-29<\/a>. The <a href=\"http:\/\/prefblog.com\/?p=40094\">company announced the extension<\/a> on 2020-1-7.  <a href=\"http:\/\/prefblog.com\/?p=40134\">EMA.PR.F will reset at 4.202%<\/a> effective February 15, 2020. I <a href=\"http:\/\/prefblog.com\/?p=40174\">recommended against conversion<\/a>. EMA.PR.F is tracked by HIMIPref\u2122 and assigned to the FixedReset Discount subindex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Emera Incorporated has announced (on February 6): that after having taken into account all conversion notices received from holders of its outstanding Cumulative Rate Reset First Preferred Shares, Series F (the \u201cSeries F Shares\u201d) by &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-40254","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40254","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=40254"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40254\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}