NewGrowth Corp.
Structured Finance:Split Shares & Funds
Summary
NewGrowth Corp. is a split share corporation that acquired a portfolio of common shares of selected Canadian banks, telecommunications companies and utility and pipeline companies by issuing preferred shares and capital shares. The preferred shares rank in priority to the capital shares with respect to the payment of dividends and the repayment of capital upon the termination of the corporation.
| Debt Rated | Action | Rating | Trend | Date |
|---|---|---|---|---|
| Class B Preferred Shares, Series 2 | Confirmed | Pfd-2 | -- | Sep 6, 2011 |
| Class B Preferred Shares, Series 1 | Disc.-Repaid | Discontinued | -- | Jul 2, 2009 |
| Equity Dividend Shares | Disc.-Repaid | Discontinued | -- | Jul 21, 1998 |
| NewGrowth Corp. | Sep 6, 2011 |
| NewGrowth Corp. | Sep 1, 2010 |
| NewGrowth Corp. | Jul 2, 2009 |
| NewGrowth Corp. | Aug 18, 2004 |
