trending Market Intelligence /marketintelligence/en/news-insights/trending/k4e1QWdSjPoDQbLQje8alw2 content esgSubNav
In This List

Capital Power opts not to convert series 3 preference shares

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow

Blog

Insight Weekly: Banks' efficiency push; vacuuming carbon; Big Pharma diversity goals

Blog

Smart thermostats gain traction in US, point to modest electricity savings

Blog

The Future of Risk Management Digitization in Credit Risk Management


Capital Power opts not to convert series 3 preference shares

Citing tepid response, Capital Power Corp. has decided not to convert any of its cumulative rate-reset preference series 3 shares into cumulative floating-rate preference series 4 shares.

As of Dec. 17, holders tendered 47,270 series 3 shares for conversion, far less than the 1 million shares required for conversion, according to a company statement.

As a result, Capital Power has reset the interest on series 3 shares to 5.45% for the next five years, effective Dec. 31.