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  5. FN.PR.B: It appears FN is to be acquired, but the pref shares are remaining as is and will still trade as before on the tse. [First National Financial Corporation Cumulative Floating Rate Class A Preference Shares Series 2]
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Q: It appears FN is to be acquired, but the pref shares are remaining as is and will still trade as before on the tse.
Why then did this pref advance by 9% on this announcement. Is it the fact it is now backed by Brookfield
Asked by Leon on July 28, 2025
5i Research Answer:

Yes; Brookfield is a massively larger company and investors see the preferreds now as more secure. Redemption is also more likely one day at some point. 

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