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Power Corporation of Canada 5.80% Non-Cumulative 1st Pref Series C (POW.PR.C)
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Power Financial Corporation 5.90% Non-Cumulative First Preferred Shares (PWF.PR.G)
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Power Financial Corporation 6.00% Non-Cumulative 1st Pref Series I (PWF.PR.I)
Q: Hi,
Prediction : PWF preferred series I and G will be redeemed. POW put aside 350MM to redeem preferred shares in the latest reorg. These 2 perpetual issues are down significantly since mid-Dec, have the highest coupons and total about 350MM …POW has also perpetuals with high rates but they seem pretty stable. Your guess? Could they be redeemed as soon as this quarter? Thanks.
Prediction : PWF preferred series I and G will be redeemed. POW put aside 350MM to redeem preferred shares in the latest reorg. These 2 perpetual issues are down significantly since mid-Dec, have the highest coupons and total about 350MM …POW has also perpetuals with high rates but they seem pretty stable. Your guess? Could they be redeemed as soon as this quarter? Thanks.
