{"id":619,"date":"2007-02-23T18:06:48","date_gmt":"2007-02-23T22:06:48","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=619"},"modified":"2007-02-23T18:06:48","modified_gmt":"2007-02-23T22:06:48","slug":"gwopre-gwoprx-issuer-bid-update","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=619","title":{"rendered":"GWO.PR.E \/ GWO.PR.X : Issuer Bid Update"},"content":{"rendered":"

With the release of the Great-West Lifeco full year financials<\/a> we can have a look at the progress of the issuer bid on their retractible preferreds – a bid which, I repeat ad nauseum, casts considerable doubt as to whether these issues will survive past their first redemption date.<\/p>\n

\n\n\n\n\n\n
GWO Retractible Shares Outstanding<\/td>\n<\/tr>\n
Issue<\/td>\n4Q05<\/td>\n1Q06<\/td>\n2Q06<\/td>\n3Q06<\/td>\n4Q06<\/td>\n<\/tr>\n
GWO.PR.E<\/td>\n7,978,900<\/td>\n7,978,900<\/td>\n7,978,900<\/td>\n7,978,900<\/td>\n7,978,900<\/td>\n<\/tr>\n
GWO.PR.X<\/td>\n23,499,915<\/td>\n23,499,915<\/td>\n23,022,915<\/td>\n22,422,215<\/td>\n22,282,215<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

…which allows us to calculate the changes…<\/p>\n

\n\n\n\n\n\n
GWO Changes in Retractible Shares Outstanding<\/td>\n<\/tr>\n
Issue<\/td>\n4Q05<\/td>\n1Q06<\/td>\n2Q06<\/td>\n3Q06<\/td>\n4Q06<\/td>\n<\/tr>\n
GWO.PR.E<\/td>\nN\/A<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n0<\/td>\n<\/tr>\n
GWO.PR.X<\/td>\nN\/A<\/td>\n0<\/td>\n-477,000<\/td>\n-600,700<\/td>\n-140,000<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

We can also look at some graphs of GWO.PR.X\u00a0data over the past year:<\/p>\n