{"id":50762,"date":"2019-09-17T21:50:00","date_gmt":"2019-09-18T01:50:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50762"},"modified":"2025-11-17T21:51:35","modified_gmt":"2025-11-18T02:51:35","slug":"ta-pr-j-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50762","title":{"rendered":"TA.PR.J : No Conversion To FloatingReset"},"content":{"rendered":"<p>TransAlta Corporation <a href=\"https:\/\/www.transalta.com\/newsroom\/news-releases\/transalta-announces-conversion-results-for-series-g-preferred-shares\/\">has announced<\/a>:<\/p>\n<blockquote>\n<p> that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the \u201cSeries G Shares\u201d) into Cumulative Redeemable Floating Rate Preferred Shares, Series H (the \u201cSeries H Shares\u201d), there were only 140,730 Series G Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series H Shares. As a result, none of the Series G Shares will be converted into Series H Shares on September 30, 2019.<\/p>\n<\/blockquote>\n<p>TA.PR.J is a FixedReset, 5.30%+380, that <a href=\"https:\/\/prefblog.com\/?p=26092\">commenced trading 2014-8-14<\/a> after being <a href=\"https:\/\/prefblog.com\/?p=26003\">announced 2014-8-6<\/a>. <a href=\"https:\/\/prefblog.com\/?p=39345\">TA.PR.J will reset at 4.988%<\/a> effective September 30, 2019. I <a href=\"https:\/\/prefblog.com\/?p=39435\">recommended against conversion<\/a>. The issue is tracked by HIMIPref&trade; and has been assigned to the Scraps index on credit concerns. It was recently <a href=\"https:\/\/prefblog.com\/?p=38892\">downgraded to P-4(high by S&#038;P<\/a> but remains at <a href=\"https:\/\/www.dbrs.com\/research\/343147\/dbrs-confirms-transalta-corporation-at-bbb-low-and-pfd-3-low-with-stable-trends\">Pfd-3(low) with DBRS<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TransAlta Corporation has announced: that after taking into account all election notices received for the conversion of the Cumulative Redeemable Rate Reset Preferred Shares, Series G (the \u201cSeries G Shares\u201d) 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-50762","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50762","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=50762"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50762\/revisions"}],"predecessor-version":[{"id":50763,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50762\/revisions\/50763"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}