{"id":41659,"date":"2020-11-30T23:37:18","date_gmt":"2020-12-01T04:37:18","guid":{"rendered":"http:\/\/prefblog.com\/?p=41659"},"modified":"2020-11-30T23:37:18","modified_gmt":"2020-12-01T04:37:18","slug":"ppl-pr-i-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=41659","title":{"rendered":"PPL.PR.I : No Conversion To FloatingReset"},"content":{"rendered":"<p>Pembina Pipeline Corporation <a href=\"https:\/\/www.pembina.com\/media-centre\/news\/details\/135486\/\">has announced<\/a> (on November 16):<\/p>\n<blockquote><p>that none of Pembina&#8217;s Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 (&#8220;Series 9 Shares&#8221;) (TSX: PPL.PR.I) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 10 of Pembina (&#8220;Series 10 Shares&#8221;) on December 1, 2020.<\/p>\n<p>After taking into account all the conversion notices received from holders of its outstanding Series 9 Shares by the November 16, 2020 deadline for the conversion of the Series 9 Shares into Series 10 Shares, less than the 1,000,000 Series 9 Shares required to give effect to conversions into Series 10 Shares were tendered for conversion.<\/p><\/blockquote>\n<p>PPL.PR.I was issued as a FixedReset, 4.75%+391, that <a href=\"http:\/\/prefblog.com\/?p=28611\">commenced trading 2015-4-10<\/a> after being <a href=\"http:\/\/prefblog.com\/?p=28459\">announced 2015-3-31<\/a>. It will <a href=\"http:\/\/prefblog.com\/?p=41531\">reset to 4.302%<\/a> effective 2020-12-1. It is tracked by HIMIPref&trade; but relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pembina Pipeline Corporation has announced (on November 16): that none of Pembina&#8217;s Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 (&#8220;Series 9 Shares&#8221;) (TSX: PPL.PR.I) will be converted into Cumulative Redeemable Floating Rate &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-41659","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41659","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=41659"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/41659\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}