{"id":48472,"date":"2017-06-20T19:47:00","date_gmt":"2017-06-20T23:47:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48472"},"modified":"2025-07-21T19:49:08","modified_gmt":"2025-07-21T23:49:08","slug":"ta-pr-f-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48472","title":{"rendered":"TA.PR.F : No Conversion to FloatingReset"},"content":{"rendered":"<p>TransAlta Corporation <a href=\"http:\/\/transalta.com\/newsroom\/news-releases\/transalta-announces-conversion-results-series-c-preferred-shares\/\">has announced<\/a>:<\/p>\n<blockquote>\n<p>that after having taken into account all election notices received by the June 15, 2017 deadline for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series C (the \u201cSeries C Shares\u201d) into Cumulative Redeemable Floating Rate Preferred Shares, Series D (the \u201cSeries D Shares\u201d), there were 827,628 Series C Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series D Shares. As a result, none of the Series C Shares will be converted into Series D Shares on June 30, 2017.<\/p>\n<\/blockquote>\n<p>Assiduous Readers will recall that TA.PR.F <a href=\"https:\/\/prefblog.com\/?p=34915\">will reset at 4.027%<\/a> and should now be referred to as a FixedReset, 4.027%+310. I <a href=\"https:\/\/prefblog.com\/?p=34969\">recommended against conversion<\/a>.<\/p>\n<p>The issue <a href=\"https:\/\/prefblog.com\/?p=17167\">commenced trading 2011-11-30<\/a> after being <a href=\"https:\/\/prefblog.com\/?p=17099\">announced 2011-11-22<\/a>. It has been relegated to the Scraps subindex since inception on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TransAlta Corporation has announced: that after having taken into account all election notices received by the June 15, 2017 deadline for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series C (the \u201cSeries &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-48472","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48472","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=48472"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48472\/revisions"}],"predecessor-version":[{"id":48473,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48472\/revisions\/48473"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}