{"id":51096,"date":"2025-11-27T20:09:29","date_gmt":"2025-11-28T01:09:29","guid":{"rendered":"https:\/\/prefblog.com\/?p=51096"},"modified":"2025-11-27T20:10:21","modified_gmt":"2025-11-28T01:10:21","slug":"cu-pr-k-settles-firm-on-low-volume","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=51096","title":{"rendered":"CU.PR.K Settles Firm on Low Volume"},"content":{"rendered":"<p>Canadian Utilities Limited <a href=\"https:\/\/www.canadianutilities.com\/en-ca\/about-us\/news\/2025\/122764-canadian-utilities-limited-announces-closing-of-preferred-share-.html\">has announced<\/a>:<\/p>\n<blockquote><p> it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series JJ, by a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, and including TD Securities Inc., Scotiabank, CIBC Capital Markets, National Bank Financial Inc., and ATB Capital Markets (the &#8220;Underwriters&#8221;). Canadian Utilities issued 8,050,000 Series JJ Preferred Shares for gross proceeds of $201,250,000, which includes the full exercise of the Underwriters&#8217; over-allotment option. The Series JJ Preferred Shares will begin trading on the Toronto Stock Exchange (the &#8220;TSX&#8221;) today under the symbol CU.PR.K. Proceeds from the issue will be used for capital expenditures and for other general corporate purposes.<\/p><\/blockquote>\n<p>CU.PR.K is a Straight Perpetual, 5.60%, <a href=\"https:\/\/prefblog.com\/?p=50649\">announced 2025-11-12<\/a>. It has been assigned to the PerpetualDiscounts subindex.<\/p>\n<p>The issue traded 487,376 shares today in a range of 24.88-00 before closing at 24.96-00. Vital statistics are:<\/p>\n<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>CU.PR.K<\/td>\n<td>Perpetual-Discount<\/td>\n<td>YTW SCENARIO<br \/>\nMaturity Type   : Limit Maturity<br \/>\nMaturity Date\t: 2055-11-27<br \/>\nMaturity Price  : 24.57<br \/>\nEvaluated at bid price : 24.96<br \/>\nBid-YTW : 5.63 %<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Utilities Limited has announced: it has closed its previously announced public offering of Cumulative Redeemable Second Preferred Shares Series JJ, by a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, &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-51096","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51096","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=51096"}],"version-history":[{"count":2,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51096\/revisions"}],"predecessor-version":[{"id":51098,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/51096\/revisions\/51098"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}