{"id":50207,"date":"2019-04-29T21:06:00","date_gmt":"2019-04-30T01:06:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50207"},"modified":"2025-10-07T21:07:23","modified_gmt":"2025-10-08T01:07:23","slug":"april-29-2025-2","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50207","title":{"rendered":"April 29, 2025"},"content":{"rendered":"\n

CPX has acquired a generation facility<\/a>:<\/p>\n

\n

Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that it has entered into an agreement to acquire Goreway Power Station Holdings Inc., which owns the Goreway Power Station, an 875 megawatt (MW) natural gas combined cycle generation facility. Goreway Power Station Holdings Inc. is jointly owned by JERA Co. Inc., and Toyota Tsusho Corporation. The purchase price is $387 million in total cash consideration, subject to working capital and other closing adjustments, and the assumption of $590 million of project level debt (the Acquisition). The Acquisition is expected to close in the second quarter of 2019 and is subject to regulatory approvals and other customary closing conditions.<\/p>\n<\/blockquote>\n

DBRS comments<\/a>:<\/p>\n

\n

The Acquisition is expected to result in a modest improvement in CPC\u2019s business risk profile by increasing (1) diversification out of the volatile Alberta market, (2) contracted revenues and (3) average contract length. DBRS views CPC\u2019s financing plan for the Acquisition as having a neutral effect on the Company\u2019s financial metrics. Overall, DBRS believes that the Acquisition will have a neutral impact on CPC\u2019s credit assessment if the following occurs: (1) CPC effectively integrates the Facility into its portfolio; (2) the Acquisition is funded as planned at the announced transaction price; (3) the Facility is able to distribute cash to CPC as expected and (4) the project-level debt is non-recourse to CPC. DBRS notes that future material acquisitions by CPC without the issuance of additional common equity could negatively affect its financial metrics, which could result in DBRS taking a negative rating action.<\/p>\n<\/blockquote>\n

There was a nice little pop in TXPR at the close today, but nothing special in the great scheme of things:<\/p>\n

\"txpr_190429\"<\/a>
Click for Big<\/i><\/div>\n

There were a lot of MOC Imbalances<\/a>, but very few of them were for more than 100 shares. I have no idea what that might have been about … the only thing that occurs to me is ‘software testing’.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3240 %<\/td>\n2,091.6<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.3240 %<\/td>\n3,838.1<\/td>\n<\/tr>\n
Floater<\/td>\n5.62 %<\/td>\n5.97 %<\/td>\n52,122<\/td>\n13.92<\/td>\n3<\/td>\n-0.3240 %<\/td>\n2,211.9<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0050 %<\/td>\n3,283.1<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.88 %<\/td>\n4.84 %<\/td>\n72,422<\/td>\n3.79<\/td>\n8<\/td>\n0.0050 %<\/td>\n3,920.7<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0050 %<\/td>\n3,059.1<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.59 %<\/td>\n-10.56 %<\/td>\n94,754<\/td>\n0.09<\/td>\n10<\/td>\n0.1184 %<\/td>\n2,955.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.40 %<\/td>\n5.47 %<\/td>\n79,507<\/td>\n14.64<\/td>\n23<\/td>\n0.1054 %<\/td>\n3,110.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.24 %<\/td>\n5.34 %<\/td>\n179,811<\/td>\n14.98<\/td>\n61<\/td>\n-0.0713 %<\/td>\n2,195.5<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.22 %<\/td>\n5.76 %<\/td>\n109,680<\/td>\n8.10<\/td>\n27<\/td>\n0.1168 %<\/td>\n3,081.9<\/td>\n<\/tr>\n
FloatingReset<\/td>\n4.23 %<\/td>\n4.36 %<\/td>\n50,754<\/td>\n2.64<\/td>\n5<\/td>\n-0.2586 %<\/td>\n2,412.1<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.07 %<\/td>\n3.76 %<\/td>\n282,622<\/td>\n2.19<\/td>\n23<\/td>\n-0.0254 %<\/td>\n2,589.0<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.98 %<\/td>\n3.94 %<\/td>\n139,157<\/td>\n2.66<\/td>\n3<\/td>\n-0.3461 %<\/td>\n2,644.8<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n4.99 %<\/td>\n6.75 %<\/td>\n104,916<\/td>\n8.25<\/td>\n22<\/td>\n-0.2523 %<\/td>\n2,257.2<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\n-2.87 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\n-2.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-2.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.41
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-1.78 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 19.35
\nBid-YTW : 7.24 %<\/td>\n<\/tr>\n
GWO.PR.T<\/td>\nDeemed-Retractible<\/td>\n-1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.57
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 14.66
\nEvaluated at bid price : 14.66
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
BAM.PF.F<\/td>\nFixedReset Disc<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n
MFC.PR.J<\/td>\nFixedReset Ins Non<\/td>\n-1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.76
\nBid-YTW : 6.75 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 18.30
\nEvaluated at bid price : 18.30
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 5.85 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 19.03
\nEvaluated at bid price : 19.03
\nBid-YTW : 5.18 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n1.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 17.86
\nBid-YTW : 7.77 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.56
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.65
\nBid-YTW : 6.09 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 20.65
\nEvaluated at bid price : 20.65
\nBid-YTW : 6.22 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 15.10
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n
IAF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n2.13 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.58
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BMO.PR.F<\/td>\nFixedReset Prem<\/td>\n116,709<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2024-05-25
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.36
\nBid-YTW : 4.84 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n77,850<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 22.02
\nEvaluated at bid price : 22.41
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
W.PR.M<\/td>\nFixedReset Prem<\/td>\n61,745<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.65
\nBid-YTW : 4.19 %<\/td>\n<\/tr>\n
TD.PF.H<\/td>\nFixedReset Prem<\/td>\n36,990<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.70
\nBid-YTW : 3.68 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n36,158<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 5.17 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n33,502<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 20.77
\nEvaluated at bid price : 20.77
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
There were 23 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
TD.PF.J<\/td>\nFixedReset Disc<\/td>\nQuote: 21.00 – 21.90
\nSpot Rate : 0.9000
\nAverage : 0.5763<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 21.00
\nEvaluated at bid price : 21.00
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n

BAM.PF.F<\/td>\nFixedReset Disc<\/td>\nQuote: 19.26 – 19.93
\nSpot Rate : 0.6700
\nAverage : 0.4514<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 19.26
\nEvaluated at bid price : 19.26
\nBid-YTW : 5.80 %<\/td>\n<\/tr>\n

HSE.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 12.65 – 13.11
\nSpot Rate : 0.4600
\nAverage : 0.2844<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-04-29
\nMaturity Price : 12.65
\nEvaluated at bid price : 12.65
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 18.60 – 19.00
\nSpot Rate : 0.4000
\nAverage : 0.2565<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.60
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n

GWO.PR.T<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.57 – 23.98
\nSpot Rate : 0.4100
\nAverage : 0.2730<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.57
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n

IFC.PR.G<\/td>\nFixedReset Ins Non<\/td>\nQuote: 20.41 – 20.95
\nSpot Rate : 0.5400
\nAverage : 0.4048<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 20.41
\nBid-YTW : 7.01 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CPX has acquired a generation facility: Capital Power Corporation (Capital Power or the Company) (TSX: CPX) announced today that it has entered into an agreement to acquire Goreway Power Station Holdings Inc., which owns the …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-50207","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50207","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=50207"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50207\/revisions"}],"predecessor-version":[{"id":50208,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50207\/revisions\/50208"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}