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Bullboard - Stock Discussion Forum Husky Energy Inc. cumulative redeemable preferred T.HSE.PR.B

TSX:HSE.PR.B - Post Discussion

Post by mrbb on Nov 24, 2020 1:38pm

B series

what is the next expiry date for the B series preferred?
Comment by RagingBull3 on Nov 24, 2020 1:52pm
I think they reset Quaterly??  They are not based off of the 5 year bond yield... it's something else I think.    So, I guessing calculations maybe based on about a month before dividend is paid?? Never looked very closely..... I'm just guessing.    Anyways... Rates looks to remain the same (low) for at least a few years.... if you believe the Propoganda. The ...more  
Comment by rad10 on Nov 25, 2020 7:15am
B's pay 3 month plus 173 bp.  It's a floating reset cheers.
Comment by Number13 on Nov 25, 2020 12:48pm
Yes, B series floating (Canada 3-month T-bill plus 1.73%), but it can be converted into an A series every 5 years (Canada 5-yr bold plus 1.73%) The date you can convert is March 31st, 2021 and every 5 yrs after that.  I'm not sure how exactly to convert. You'd have to probably phone your brokerage to find out I'm guessing.
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