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Investment Q&A

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Canaccord Genuity Group Inc. Cumulative 5-Year Rate Reset First Preferred Shares Series A (CF.PR.A)
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Q: 5i,
Further to Kim's question on Jan 11.

Does adding all the debt for the "go private" not affect the security of the Pref?

Will Cannacord, the company, eventually end up with the debt or will the buy-out shareholders be responsible for the debt?

Thanks,
John

Read Answer Asked by John on January 12, 2023

Canaccord Genuity Group Inc. Cumulative 5-Year Rate Reset First Preferred Shares Series A (CF.PR.A)
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Q: I hold some Canaccord Genuity Group preferred shares. Canaccord announced a few days ago that they are looking at taking the company private. But the offer is only for the common shares and not for the preferred shares. It sounds like the company will delist their common shares from the TSX, but its preferred shares will continue to be listed. Should I be worried about this? Thanks.

Read Answer Asked by Kim on January 11, 2023

Canaccord Genuity Group Inc. Cumulative 5-Year Rate Reset First Preferred Shares Series A (CF.PR.A)
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Q: Hi 5i,

If your recommendation is to use the 3 month T-Bill alternative, what do you see as the high for this rate over the next 5 years?

Thanks for your guess.

Read Answer Asked by John on August 30, 2021

Canaccord Genuity Group Inc. Cumulative 5-Year Rate Reset First Preferred Shares Series A (CF.PR.A)
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Q: I hold Canaccord series A 5 year rate reset prefs which will reset in September at 5yr GOC + 3.21%. They also have a voluntary conversion privilege into series B floating rate prefs which pay 3 month GOC T-Bill + the same 3.21%. With the likelihood that interest rates are likely to go up from here, would you agree that it makes sense to opt for the conversion? The series A prefs have been on a tear over the past 9 months from a low near $12 to their current price close to $19. Is it likely that a large driver of the price increase is related to excitement over the upcoming conversion privilege?

Read Answer Asked by Steven on August 23, 2021

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