Canadian Originated Preferred Securities

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.
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and its triple- 'B' rating to the company's proposed Canadian originated preferred securities (COPrS), to be issued in an amount of up to US$200 million.
5% Series Canadian Originated Preferred Securities, and for working capital purposes.
50% Canadian Originated Preferred Securities ("Series B Preferred Securities"), which are listed on the New York Stock Exchange under the symbol SJR PrB.
The net proceeds of this offering will be used to repay existing bank debt, redeem US dollar denominated Canadian Originated Preferred Securities and for general corporate purposes.
TSX:AGU) (NYSE:AGU) announced today that on February 14, 2005, it will redeem for cash all of its outstanding eight percent Canadian Originated Preferred Securities due June 30, 2047 (the "Preferred Securities").
45% Canadian Originated Preferred Securities ("Series A Preferred Securities"), which are listed on the New York Stock Exchange under the symbol SJR PrA.
s proposed US$125 million Canadian originated preferred securities (COPRS) issue.
announced that it has priced its offering of $150,000,000 US Canadian Originated Preferred Securities at 8.
Securities and Exchange Commission through the multi-jurisdictional disclosure system for the issuance of Canadian Originated Preferred Securities.
175 million of Canadian Originated Preferred Securities (COPrS) which it announced on April 8, 1998.
offering of $175 million of Canadian Originated Preferred Securities (COPrS) which represent junior subordinated debentures with a term of 49 years.
today announced that it has successfully completed its financing of Series A Canadian Originated Preferred Securities in the amount of US $142.
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