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

Prospectus Terms Highlights....$25/share Redemption, No Vote

[RagingBull3]

"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 3 Preferred Shares shall be entitled to receive $25.00 per Series 3 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 Husky’s common shares or to the holders of any other shares ranking junior to the Series 3 Preferred Shares in any respect. After payment to the holders of the Series 3 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."

"The holders of the Series 3 Preferred Shares are not entitled to any voting rights or to receive notice of or to attend shareholders’ meetings unless dividends on the Series 3 Preferred Shares are in arrears to the extent of eight quarterly dividends, whether or not consecutive. Until all arrears of dividends have been paid, holders of Series 3 Preferred Shares will be entitled to receive notice of and to attend all shareholders’ meetings at which directors are to be elected (other than separate meetings of holders of another class or series of shares) and to one vote in respect of each Series 3 Preferred Share held with respect to resolutions to elect directors."

Husky Effectively Winding up it's affairs, it will be no more.    

All just my opinion...

My English is poor, but Terms are pretty clear.