DBRS Discontinues Rating of Preferred Shares Issued by Lifeco Split Corporation Inc.
Split Shares & FundsDBRS has today discontinued the rating of the Preferred Shares issued by Lifeco Split Corporation Inc. (the Company). On July 30, 2012, the Company announced that the Preferred Shares would be redeemed as scheduled on July 31, 2012 (the Redemption Date), in accordance with the redemption provisions, and that the Preferred Shares would be redeemed at a price per share equal to $36.84. On July 31, 2012, all outstanding Preferred Shares were redeemed at $36.84 and de-listed from the Toronto Stock Exchange.
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The applicable methodology is Rating Canadian Split Share Companies and Trusts, which can be found on our website under Methodologies.