Q: Hello Peter and Staff
This pref has been hovering near par for sometime . I was wondering if it is because people feel it will be redeemed due to the high expected renewal rate ? Has the company published their intention and if not what do you feel might happen?
Thanks for all you do
Dennis
This pref has been hovering near par for sometime . I was wondering if it is because people feel it will be redeemed due to the high expected renewal rate ? Has the company published their intention and if not what do you feel might happen?
Thanks for all you do
Dennis
5i Research Answer:
CPX has not announced any intentions. While anything is possible, we would not 'expect' a redemption.