The bank also said that it has declared dividends on the series of its non-cumulative redeemable class-A first preferred stock
. These dividends will be payable on and after July 31, 2016, to shareholders of record as on July 8, 2016.
The board of directors of Nova Scotia Power Inc (TSX:NSI.PR.D) that provides electricity generation, transmission and distribution services, authorised a series D first preferred stock
dividend of USD0.36875 per share for the fourth quarter, the company declared on Wednesday.
Power Financial expects to raise CAD250m (USD249m/EUR190m) in gross proceeds from the sale of 10m pieces of its series R, non-cumulative first preferred stock
. The company has upsized the deal due to solid demand.