Government of Canada

Brookfield Infrastructure Announces Reset Dividend Rate on Its Series 1 Senior Preferred Shares

Retrieved on: 
Monday, March 4, 2024

BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that BIP Investment Corporation (“BIPIC”), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred Shares, Series 1 (“Series 1 Shares”) (TSX: BIK.PR.A) for the five years commencing April 1, 2024 and ending March 31, 2029.

Key Points: 
  • BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that BIP Investment Corporation (“BIPIC”), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred Shares, Series 1 (“Series 1 Shares”) (TSX: BIK.PR.A) for the five years commencing April 1, 2024 and ending March 31, 2029.
  • Holders of Series 1 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 18, 2024, to convert all or part of their Series 1 Shares, on a one-for-one basis, into Senior Preferred Shares, Series 2 (“Series 2 Shares”), effective March 31, 2024.
  • Holders of Series 1 Shares are not required to elect to convert all or any part of their Series 1 Shares into Series 2 Shares.
  • As provided in the share provisions of the Series 1 Shares, (i) if BIPIC determines that there would be fewer than 500,000 Series 1 Shares outstanding after March 31, 2024, all remaining Series 1 Shares will be automatically converted into Series 2 Shares on a one-for-one basis effective March 31, 2024; or (ii) if BIPIC determines that there would be fewer than 500,000 Series 2 Shares outstanding after March 31, 2024, no Series 1 Shares will be converted into Series 2 Shares.

Brookfield Announces Reset Dividend Rate on its Series 34 Preference Shares

Retrieved on: 
Monday, March 4, 2024

BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 34 (“Series 34 Shares”) (TSX: BN.PF.B) for the five years commencing April 1, 2024 and ending March 31, 2029.

Key Points: 
  • BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 34 (“Series 34 Shares”) (TSX: BN.PF.B) for the five years commencing April 1, 2024 and ending March 31, 2029.
  • Holders of Series 34 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 18, 2024, to convert all or part of their Series 34 Shares, on a one-for-one basis, into Cumulative Class A Preference Shares, Series 35 (the “Series 35 Shares”), effective March 31, 2024.
  • Holders of Series 34 Shares are not required to elect to convert all or any part of their Series 34 Shares into Series 35 Shares.
  • As provided in the share conditions of the Series 34 Shares, (i) if Brookfield determines that there would be fewer than 1,000,000 Series 34 Shares outstanding after March 31, 2024, all remaining Series 34 Shares will be automatically converted into Series 35 Shares on a one-for-one basis effective March 31, 2024; and (ii) if Brookfield determines that there would be fewer than 1,000,000 Series 35 Shares outstanding after March 31, 2024, no Series 34 Shares will be permitted to be converted into Series 35 Shares.

Pembina Pipeline Corporation Provides Notice of Series 17 Preferred Share Conversion Right and Announces Reset Dividend Rates

Retrieved on: 
Friday, March 1, 2024

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) on March 31, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 17 ("Series 17 Shares") (TSX: PPL.PR.Q) on March 31, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240301006874/en/
    As a result of the decision not to redeem the Series 17 Shares, and subject to certain terms of the Series 17 Shares, the holders of the Series 17 Shares will have the right to elect to convert all or part of their Series 17 Shares on a one-for-one basis into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 18 of Pembina ("Series 18 Shares") on March 31, 2024 (the "Conversion Date").
  • Holders who do not exercise their right to convert their Series 17 Shares into Series 18 Shares will retain their Series 17 Shares.
  • As provided in the terms of the Series 17 Shares: (i) if Pembina determines that there would remain outstanding immediately following the conversion less than 1,000,000 Series 17 Shares, then all remaining Series 17 Shares will be automatically converted into Series 18 Shares on a one-for-one basis effective as of the Conversion Date; or (ii) if Pembina determines that there would be less than 1,000,000 Series 18 Shares outstanding immediately following the conversion, no Series 17 Shares will be converted into Series 18 Shares on the Conversion Date.

Government of Canada introduces legislation to combat harmful content online, including the sexual exploitation of children

Retrieved on: 
Monday, February 26, 2024

The Bill would create stronger online protection for children and better safeguard everyone in Canada from online hate and other types of harmful content.

Key Points: 
  • The Bill would create stronger online protection for children and better safeguard everyone in Canada from online hate and other types of harmful content.
  • Government of Canada introduces legislation to combat harmful content online, including the sexual exploitation of children.
  • The Bill would create stronger online protections for children and better safeguard everyone in Canada from online hate and other types of harmful content.
  • They could also include design features to limit children's exposure to harmful content, including explicit adult content, cyberbullying content and content that incites self-harm.

Restoring CBSA's ability to process ATIP requests electronically

Retrieved on: 
Wednesday, February 21, 2024

OTTAWA, ON, Feb. 21, 2024 /CNW/ - Shared Services Canada (SSC) and the Canada Border Services Agency (CBSA) advised today that they are working to restore CBSA's ability to process Access to Information and Privacy (ATIP) requests electronically.

Key Points: 
  • OTTAWA, ON, Feb. 21, 2024 /CNW/ - Shared Services Canada (SSC) and the Canada Border Services Agency (CBSA) advised today that they are working to restore CBSA's ability to process Access to Information and Privacy (ATIP) requests electronically.
  • While the CBSA still has access to the original ATIP requests submitted, at this time the Agency cannot access the information it gathered to respond to those requests.
  • The CBSA processed over 300 requests manually last week while restoration efforts continue on approximately 16,000 pending ATIP requests dating back to 2021.
  • The CBSA expects to be able to process about half of its usual volume of 1,200 weekly ATIP requests this week, and will continue to bolster its capacity to process requests impacted by the current situation.

Town of Trenton fined $100,000 for violating the Fisheries Act in Nova Scotia

Retrieved on: 
Friday, February 16, 2024

On February 15, 2024, the Town of Trenton was ordered to pay a total of $100,000, after pleading guilty to one count of violating the Fisheries Act at the Provincial Court of Nova Scotia in Pictou County.

Key Points: 
  • On February 15, 2024, the Town of Trenton was ordered to pay a total of $100,000, after pleading guilty to one count of violating the Fisheries Act at the Provincial Court of Nova Scotia in Pictou County.
  • Some of the conditions include: training on the Fisheries Act and its requirements; training on proper effluent sampling protocols for Town of Trenton employees and contractors; completing routine sampling; and publishing emergency contact information and information about the incident and sentencing on the Town of Trenton website.
  • On November 13, 2019, Environment and Climate Change Canada enforcement officers received a complaint of a strong sewage smell around Lowden Brook along North Main Street in Trenton, Nova Scotia.
  • Environment and Climate Change Canada administers and enforces the pollution prevention provisions of the Fisheries Act.

CANADIAN NON-PROFIT OFFERS FREE ACCESS TO THEIR SUPPORT PATHS FOR BLACK FOOD ENTREPRENEURS.

Retrieved on: 
Friday, February 9, 2024

Now in its fourth year, the Advisor-Led Start and Scale Support Path project provides free access to industry experts ranging from accountants and branding professionals to chefs and food scientists throughout its guided nine-month program.

Key Points: 
  • Now in its fourth year, the Advisor-Led Start and Scale Support Path project provides free access to industry experts ranging from accountants and branding professionals to chefs and food scientists throughout its guided nine-month program.
  • More than a traditional incubator accelerator, the paths focus on removing systemic barriers, increasing access, forging community and centring the lived experience of BIPOC individuals.
  • ‘It is through food that communities connect and foster a sense of belonging,’ says Foodpreneur Lab founder Janice Bartley.
  • ‘The network, the experience, and the results have all been amazing,’ says Start Support Path participant Robert Robinson of Robinson Sauces.

Government of Canada to Establish Next Phase of Canada Greener Homes Initiative to Help More Canadians Save on Their Energy Bills

Retrieved on: 
Monday, February 5, 2024

Since launching the Canada Greener Homes Grant program three years ago, the federal government has helped over 165,000 Canadians upgrade their homes and save an average of $386 per year on their energy bills.

Key Points: 
  • Since launching the Canada Greener Homes Grant program three years ago, the federal government has helped over 165,000 Canadians upgrade their homes and save an average of $386 per year on their energy bills.
  • As the program continues, the Government of Canada expects to help over half a million Canadians upgrade their homes and save on their bills.
  • To date, the Canada Greener Homes Grant program has been successful in incentivizing Canadians to make the retrofits needed to reduce emissions and energy bills.
  • The next phase of the Canada Greener Homes Initiative will complement the suite of federal government initiatives available to Canadians to upgrade their homes and reduce their bills.

Pembina Pipeline Corporation Provides Notice of Series 3 Preferred Share Conversion Right and Announces Reset Dividend Rates

Retrieved on: 
Wednesday, January 31, 2024

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) on March 1, 2024.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that it does not intend to exercise its right to redeem the currently outstanding Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 3 ("Series 3 Shares") (TSX: PPL.PR.C) on March 1, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240131875822/en/
    As a result of the decision not to redeem the Series 3 Shares, and subject to certain terms of the Series 3 Shares, the holders of the Series 3 Shares will have the right to elect to convert all or part of their Series 3 Shares on a one-for-one basis into Cumulative Redeemable Floating Rate Class A Preferred Shares, Series 4 of Pembina ("Series 4 Shares") on March 1, 2024 (the "Conversion Date").
  • Holders who do not exercise their right to convert their Series 3 Shares into Series 4 Shares will retain their Series 3 Shares.
  • The Floating Quarterly Dividend Rate will be reset on the first day of March, June, September and December in each year.

New release of Rodal Report in commitment to transparency

Retrieved on: 
Thursday, February 1, 2024

Today, the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship, announced the new release of the Rodal Report, which was originally prepared in support of the Commission of Inquiry on War Criminals in Canada (the Deschênes Commission), established in 1985.

Key Points: 
  • Today, the Honourable Marc Miller, Minister of Immigration, Refugees and Citizenship, announced the new release of the Rodal Report, which was originally prepared in support of the Commission of Inquiry on War Criminals in Canada (the Deschênes Commission), established in 1985.
  • This newly released version, following a request made under the Access to Information Act, reveals information that was previously withheld.
  • This new version of the report is now available on the Library and Archives Canada (LAC) website.
  • This release is one part of the Government of Canada's ongoing commitment to transparency, and to reviewing what additional historical records related to the investigation of war crimes can be released.