NTL.PR.F & NTL.PR.G Suspended from Trading

The Toronto Stock Exchange has announced:

SUSPENDED – Nortel Networks Limited (the “Company”) – The Cumulative Redeemable Class A Preferred Shares, Series 5 (Symbol: NTL.PR.F) and the Non-Cumulative Redeemable Class A Preferred Shares, Series 7 (Symbol: NTL.PR.G) will be suspended from trading effective immediately as a result of the Company’s June 19, 2009 news release. Further information will be forthcoming regarding the Company’s expected delisting application.

The last mention of these issues on PrefBlog occurred when the company requested restrictions on trading.

Both issues have been tracked by HIMIPref™, but are relegated to the “Scraps” index on credit concerns. Tracking will cease immediately.

Update, 2009-6-23: The TSX has announced:

CHANGES IN STOCK LIST Nortel Networks Limited (the “Company”) – Further to TSX Bulletin #2009-0795, at the request of the Company, the Cumulative Redeemable Class A Preferred Shares, Series 5 (Symbol: NTL.PR.F) and the Non-Cumulative Redeemable Class A Preferred Shares, Series 7 (Symbol: NTL.PR.G) (collectively the “Shares”) will be delisted at the close of market on June 26, 2009. Trading in the Company’s Shares will remain suspended.

Leave a Reply

You must be logged in to post a comment.