{"id":51032,"date":"2019-12-19T20:30:00","date_gmt":"2019-12-20T01:30:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=51032"},"modified":"2025-11-26T20:31:33","modified_gmt":"2025-11-27T01:31:33","slug":"hse-pr-c-no-conversion-to-floating-reset","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51032","title":{"rendered":"HSE.PR.C : No Conversion To Floating Reset"},"content":{"rendered":"<p>Husky Energy <a href=\"https:\/\/huskyenergy.com\/news\/release.asp?release_id=1962101\">has announced<\/a> (on December 18):<\/p>\n<blockquote>\n<p>that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is less than the one million shares required to give effect to conversion into Cumulative Redeemable Preferred Shares, Series 4 (Series 4 Shares).<\/p>\n<p>As a result, none of the Series 3 Shares will be converted into Series 4 Shares on December 31, 2019.<\/p>\n<\/blockquote>\n<p>HSE.PR.C is a FixedReset, 4.50%+313, that <a href=\"https:\/\/prefblog.com\/?p=27083\">commenced trading 2014-12-9<\/a> after being <a href=\"https:\/\/prefblog.com\/?p=26955\">announced 2014-12-1<\/a>. The <a href=\"https:\/\/prefblog.com\/?p=39854\">initial reset rate announcement<\/a> was quickly <a href=\"https:\/\/prefblog.com\/?p=39872\">determined to be anomalous<\/a> and <a href=\"https:\/\/prefblog.com\/?p=39936\">eventually corrected<\/a>. <a href=\"https:\/\/prefblog.com\/?p=39936\">HSE.PR.C will reset at 4.689%<\/a> effective December 31, 2019. The issue is tracked by HIMIPref\u2122 and is been assigned to the FixedResets-Discount subindex.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Husky Energy has announced (on December 18): that 71,606 Cumulative Redeemable Preferred Shares, Series 3 (Series 3 Shares) were tendered for conversion, which is less than the one million shares required to give effect to &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-51032","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51032","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=51032"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51032\/revisions"}],"predecessor-version":[{"id":51033,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51032\/revisions\/51033"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}