{"id":434,"date":"2006-12-29T00:57:34","date_gmt":"2006-12-29T04:57:34","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=434"},"modified":"2006-12-29T00:57:34","modified_gmt":"2006-12-29T04:57:34","slug":"stwpra-stealth-redemption","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=434","title":{"rendered":"STW.PR.A : Stealth Redemption?"},"content":{"rendered":"<p>I praised this issue as recently as <a href=\"http:\/\/www.prefblog.com\/?p=429\">yesterday<\/a>:<\/p>\n<blockquote><p>This interest-bearing split-share is an attractive issue for RRSP-buyers: a call premium (currently callable at 10.60; declines by $0.20 at the beginning of every calendar year) ensures that if you do get called due to capital unit retractions, at least you get paid for your trouble.<\/p><\/blockquote>\n<p>I am now given to understand that this issue was partially called on December 19, with about one-eighth of the issue redeemed at the very nice price (for pref holders!) of $10.60. I have a high degree of confidence in this information.<\/p>\n<p>This is very strange.<\/p>\n<p>There&#8217;s no press release.<\/p>\n<p>There&#8217;s nothing on their <a href=\"http:\/\/www.middlefield.com\/strata.htm\">website<\/a>.<\/p>\n<p>There&#8217;s not even anything on <a href=\"http:\/\/www.sedar.com\">SEDAR<\/a>.<\/p>\n<p>Those who have recently purchased the issue (it has rarely\u00a0closed above $10.30 since mid-October) will be rather pleased &#8211; but really, the company could do a better job of communication.<\/p>\n<p>\u00a0<b>Update<\/b> : There was an error in the HIMIPref&trade; database for the last dividend: the ex-Date should have been 12\/27, not 12\/28, which will have affected the reported daily return for <a href=\"http:\/\/www.prefblog.com\/?p=429\">12\/27<\/a> and <a href=\"http:\/\/www.prefblog.com\/?p=433\">12\/28<\/a>. This has now been fixed. My apologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I praised this issue as recently as yesterday: This interest-bearing split-share is an attractive issue for RRSP-buyers: a call premium (currently callable at 10.60; declines by $0.20 at the beginning of every calendar year) ensures &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33,13],"tags":[],"class_list":["post-434","post","type-post","status-publish","format-standard","hentry","category-data-fixes","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/434","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=434"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/434\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}