Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

RE:RE:I want my $25/share that I believe I'm entitled to.

[RagingBull3]

"or any other distribution of assets of Husky among its shareholders for the purpose of winding up its affairs"

Cenovus is buying Husky.  Effectively Husky will no longer exist.  Effectively Husky is winding up it's affairs and shareholders are being paid in Cenovus Shares instead of Cash.  

So, Yes, in my opinion the prospectus does say they are to be redeemed for $25 for this type of transaction. 

Catscratch wrote: Does the pref share prospectus say they are redeemed at $25 with this type of transaction?

I just see the rights on liquidation, copied below.  I don't think this deal would be considered a liquidation, dissolution or wind-up of Husky.  Is there another provision I am missing?

"Rights on Liquidation

In the event of the liquidation, dissolution or winding-up of Husky or any other distribution of assets of Husky among its shareholders for the purpose of winding up its affairs, the holders of the Series 2 Preferred Shares shall be entitled to receive $25.00 per Series 2 Preferred Share plus all accrued and unpaid dividends thereon (less any tax required to be deducted and withheld by Husky) before any amount shall be paid or any property or assets of Husky shall be distributed to the holders of the Common Shares or to the holders of any other shares ranking junior to the Series 2 Preferred Shares in any respect. After payment to the holders of the Series 2 Preferred Shares of the amount so payable to them, they shall not, as such, be entitled to share in any further distribution of the property, or assets of Husky."