{"id":50941,"date":"2019-11-20T21:20:00","date_gmt":"2019-11-21T02:20:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50941"},"modified":"2025-11-24T21:22:18","modified_gmt":"2025-11-25T02:22:18","slug":"ppl-pr-g-no-conversion-to-floatingreset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50941","title":{"rendered":"PPL.PR.G : No Conversion To FloatingReset"},"content":{"rendered":"

Pembina Pipeline Corporation has announced<\/a> (on November 15):<\/p>\n

\n

that none of Pembina’s Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 (“Series 7 Shares”) (TSX: PPL.PR.G) will be converted into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 8 of Pembina (“Series 8 Shares”) on December 2, 2019.<\/p>\n

After taking into account all conversion notices received from holders of its outstanding Series 7 Shares by the November 15, 2019 deadline for the conversion of the Series 7 Shares into Series 8 Shares, less than the 1,000,000 Series 7 Shares required to give effect to conversions into Series 8 Shares were tendered for conversion.<\/p>\n<\/blockquote>\n

PPL.PR.G is a FixedReset, 4.50%+294, that commenced trading 2014-9-11<\/a> after being announced 2014-9-2<\/a>. The issue resets to 4.380%<\/a> effective 2019-12-1. It is tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pembina Pipeline Corporation has announced (on November 15): that none of Pembina’s Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 7 (“Series 7 Shares”) (TSX: PPL.PR.G) will be converted into Cumulative Redeemable Floating Rate …<\/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-50941","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50941","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=50941"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50941\/revisions"}],"predecessor-version":[{"id":50942,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50941\/revisions\/50942"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}