Series D First Preferred Shares definition

Series D First Preferred Shares means the cumulative floating rate first preferred shares, Series D of Emera;

Series D First Preferred Shares means the 5.90% cumulative redeemable first preferred shares, series D of NSPI;

Examples of Series D First Preferred Shares in a sentence

• NSPI also has the option, commencing October 15, 2015, to exchange the Series D First Preferred Shares into Emera Inc.

• On and after October 15, 2015, Series D First Preferred Shares are redeemable by NSPI, in whole at any time or in part from time to time at $25 per share plus accrued and unpaid dividends.

• The Series D First Preferred Shares will be exchangeable into Emera Inc.

• As at December 31, 2010 and 2009, the Company had 5.4 million 5.9% Series D preferred shares with the following redemption features: Series D First Preferred Shares: Each Series D First Preferred Share is entitled to a $1.475 per share per annum fixed cumulative preferential dividend, as and when declared by the Board of Directors, accruing from the date of issue and payable quarterly on the fifteenth day of January, April, July and October of each year.

• On or after October 15, 2015, NSPI may redeem for cash the Series D First Preferred Shares, in whole at any time, at $25 per share plus accrued and unpaid dividends.

• A book-entry only certificate representing the Series D First Preferred Shares distributed hereunder will be issued in registered form only to The Canadian Depository for Securities Limited (‘‘CDS’’) or its nominee and will be deposited with CDS on the closing of this offering.

• In connection with this offering, the Underwriters may over-allot or effect transactions which stabilize or maintain the market price of the Series D First Preferred Shares at a level above that which might otherwise prevail in the open market.

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• Series D First Preferred Shares Each Series D First Preferred Share is entitled to a fixed cumulative preferential cash dividend of $1.475 per share per annum, as and when declared by the Board of Directors.

• Price: $25.00 per share to yield 5.00% (1) The Underwriters’ fee is $0.25 for each Series D First Preferred Share sold to certain institutions and $0.75 for all other Series D First Preferred Shares which are sold.