Q: I own shares of Innergex Preferred series A Bought @ $ 22. I am giving the option to convert it to series B floating rate. Could I please have your opinion if I should convert or stay with series A. I was unable to find a Quote for the B series. Is this a new series that is created for that purpose? With only 3.4 Million shares of the series A outstanding, the conversion is subject to a minimum of 1 Million of A to B and become compulsory if less than 1 million shares remain outstanding of series A.
Thanks.
Thanks.