{"id":9571,"date":"2010-01-29T21:40:50","date_gmt":"2010-01-30T01:40:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=9571"},"modified":"2010-01-29T21:40:50","modified_gmt":"2010-01-30T01:40:50","slug":"spla-rating-discontinued-by-dbrs","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=9571","title":{"rendered":"SPL.A Rating Discontinued by DBRS"},"content":{"rendered":"<p>Dominion Bond Rating Service <a href=\"http:\/\/www.dbrs.com\/research\/231495\/mulvihill-pro-ams-rsp-split-share-corp\/dbrs-discontinues-rating-on-mulvihill-pro-ams-rsp-split-share-corp-class-a-shares.html\">has announced<\/a> that it:<\/p>\n<blockquote><p>has today discontinued its rating on the Class A Shares issued by Mulvihill Pro-AMS RSP Split Share Corp. at the request of Mulvihill Capital Management Inc. (the Promoter).<\/p><\/blockquote>\n<p>The fund&#8217;s <a href=\"http:\/\/www.mulvihill.com\/reports\/SPL.A\/SPL.A_SAR_2009.pdf\">1H09 Financials<\/a> noted:<\/p>\n<blockquote><p>No distributions were made to Class A and Class B shareholders.<br \/><b>&#8230;<\/b><br \/>In October 2008, the Managed Portfolio funded additional amounts for the Class A Share Forward Agreement to a future value of $10.00 per Class A Share. The Managed Portfolio was reduced significantly in size with this funding. The Class A Shares have residual risk now, since the decrease in the size of the Managed Portfolio may mean that the Class A Shareholders will be expected to cover expenses of the Fund in future years. As a result, the expected redemption value of the Class A Shares to be received in December of 2013 is less than $10.00 per Class A Share.<\/p><\/blockquote>\n<p>SPL.A was last mentioned on PrefBlog when it was <a href=\"http:\/\/www.prefblog.com\/?p=3261\">downgraded to D by DBRS<\/a>. SPL.A is tracked by HIMIPref&trade; but is relegated to the Scraps subindex on credit concerns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dominion Bond Rating Service has announced that it: has today discontinued its rating on the Class A Shares issued by Mulvihill Pro-AMS RSP Split Share Corp. at the request of Mulvihill Capital Management Inc. (the &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-9571","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9571","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=9571"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/9571\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}