{"id":44359,"date":"2022-11-07T21:20:04","date_gmt":"2022-11-08T02:20:04","guid":{"rendered":"https:\/\/prefblog.com\/?p=44359"},"modified":"2022-11-07T21:20:04","modified_gmt":"2022-11-08T02:20:04","slug":"ta-pr-h-no-conversion-to-floatingreset-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44359","title":{"rendered":"TA.PR.H: No Conversion to FloatingReset"},"content":{"rendered":"<p>TransAlta Corporation <a href=\"https:\/\/transalta.com\/newsroom\/transalta-corporation-announces-conversion-results-for-series-e-and-f-preferred-shares\/\">has announced<\/a> (way back on 2022-9-21):<\/p>\n<blockquote><p>that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series E (the \u201cSeries E Shares\u201d) into Cumulative Redeemable Floating Rate Preferred Shares, Series F (the \u201cSeries F Shares\u201d), there were only 89,945 Series E Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series F Shares. As a result, none of the Series E Shares will be converted into Series F Shares on September 30, 2022.<\/p><\/blockquote>\n<p>TA.PR.H was issued as a FixedReset, 5.00%+365, that <a href=\"http:\/\/prefblog.com\/?p=19471\">commenced trading 2012-8-10<\/a> after being <a href=\"http:\/\/www.prefblog.com\/?p=19386\">announced 2012-8-2<\/a>. It <a href=\"http:\/\/prefblog.com\/?p=35384\">reset to 5.194%<\/a> in 2017; <a href=\"http:\/\/prefblog.com\/?p=35432\">I recommended against conversion<\/a>; and <a href=\"https:\/\/prefblog.com\/?p=35475\">there was no conversion<\/a>. TA.PR.H <a href=\"https:\/\/prefblog.com\/?p=44098\">reset to 6.894%<\/a> in 2022. The issue is tracked by HIMIPref\u2122 but has been assigned to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TransAlta Corporation has announced (way back on 2022-9-21): that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series E (the \u201cSeries E Shares\u201d) into &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-44359","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44359","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=44359"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44359\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}