Canadian Originated Preferred Securities

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Canadian Originated Preferred Securities

A security that combines aspects of preferred stock and long-term debt issues. It is structured as a bond and pays interest instead of dividends, but provides higher yields than Canadian bonds. COPrS are subordinated to other debt but are ahead of preferred stock. The interest may be stopped for up to five years, but only if dividends for common stock have been stopped first. They are taxable investments.
References in periodicals archive ?
Tenders are invited for Services For Running And Operation Of Passenger Lifts And Pakage Ac At Hq 21 Coprs Dronachal Bhopal
Les membres du syndicat du coprs diplomatique observent ce jeudi une greve devant le siege du ministere des Affaires etrangeres.
He then completed two years (1952 to 1954) of active service in the Army Medical Coprs (serial #01873426) at the Walter Reed Army Hospital and Fort Bragg Hospital, where he served as Chief of Physical Medicine and Rehabilitation.
include funds reported in the COPRS system for the PEPFAR program.
Actes des 7e Journees anthropologiques "L'enfant, son coprs, son histoire".
National Job Coprs Study: Methodological Appendixes on the Impact Analysis.
The fluctuations in net other costs and revenue are mainly due to the foreign exchange gain on unhedged long-term debt, which was partially offset by fair value changes on a foreign currency forward contract in respect of Shaw's US dollar denominated COPrS.
3) Includes gains recorded through equity on the redemption of COPrS of $12,803 or $0.
3) Includes gain recorded through equity on the redemption of COPrS of $12,803 or $0.
On February 1, 2005 the Company redeemed its outstanding Series A COPrS.
Based on available credit facilities and forecasted free cash flow, the Company expects to have sufficient liquidity to fund operations and obligations during the current fiscal year, including the redemption of the Series A COPrS and the repayment of the $275 million 7.
SHARE CAPITAL Issued and outstanding August 31, 2004 2003 Number of Securities $ $ August 31, August 31, 2004 2003 11,359,932 11,360,432 Class A Shares 2,490 2,491 220,109,372 220,496,092 Class B Non-Voting Shares 2,132,943 2,107,464 231,469,304 231,856,524 2,135,433 2,109,955 EQUITY INSTRUMENTS COPrS - 5,700,000 5,700,000 8.