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February 15, 2018 - CHE.UN
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February 14, 2018 - AW.UN
A&W Revenue Royalties Income Fund Year End Earnings Update .....
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February 10, 2018 - ARX
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February 8, 2018 - T
Telus Corp 2017 Earnings & Price Target Update .....
February 8, 2018 - JE
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February 6, 2018 - CRT.UN
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Recommendation Changes
CHE.UN, JE, CRT.UN, CGX, KEG.UN, more...

Artis REIT - 6% Minimum Rate Reset Preferred Units New Issue

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Artis REIT (AX.UN, AX.PR.A,E,G,U) is issuing $100M of 6% Minimum Rate Reset Cumulative Preferred Units.(Series I) The first dividend reset date is Apr-30-2023 at the then efffective 5 year Gov. of Canada bond yield plus 3.93%, provided the rate is not less than 6%.

On Apr-30-2023 and on Apr-30 and every five years thereafter, holders have the option to convert into an equal number cumulative floating rate preferred units with a floating quarterly dividend rate for a quarter equal to the 3-month Government of Canada TBill Rate plus 3.93%.

Rating: S&P Pfd-3(low)

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