RE:RE:RE:RE:RE:RE:RE:RE:RE:Bid at $1.68Chi, the premium only applies to the period 01-NOV-2024 to 31-OCT-2025. After that, until maturity on 31-OCT-2026, there is no premium. Only QTRH can trigger redemption prior to maturity.
For the benefit of the board, this is the pertinent section of the Underwriting Agreement filed on Sedar on 22-OCT-2021: On and after October 31, 2024 and prior to October 31, 2025, the Initial Debentures will be redeemable at the option of the Corporation, in whole or in part, on not more than 60 days’ and not less than 30 days’ prior notice at a redemption price equal to par plus accrued and unpaid interest, provided that the weighted average trading price of the Common Shares on the Toronto Stock Exchange (the “TSX”) for the twenty (20) consecutive trading days ending five (5) trading days prior to the date on which notice of redemption is given is not less than 125% of the Conversion Price. On or after October 31, 2025 and prior to the Maturity Date, the Initial Debentures will be redeemable at the option of the Corporation on not more than 60 days’ and not less than 30 days’ prior notice at a price equal to their principal amount plus accrued and unpaid interest.