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

RE:RE:RE:RE:Preferred Shares

[Number13]

There also might be a third option- I'm not so sure how it works though- it's something that was discussed during the Rona pref battle... the prefs could be treated as a guarantee by CVE. So HSE assets would be moved to CVE, and the only thing that HSE owns is a "promise" by CVE to pay the HSE dividend. But this "promise" gets treated essentially like debt. Thus the prefs would then have the same security level as bonds. The details of how this works I'm not so sure about. I'd have to go back and research the Rona pref fiasco...