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Subsequent Events
12 Months Ended
Dec. 31, 2012
Disclosure - Subsequent Events [Abstract]  
Subsequent Event [Text Block]

22. Subsequent Events

On February 14, 2013, the Company issued Series F non-cumulative redeemable preferred shares (Series F preferred shares) as follows (in millions of U.S. dollars or shares, except percentage amounts):

  Series F
Date of issuance  February 2013 
Number of preferred shares issued   10.0 
Annual dividend rate  5.875%
Total consideration $242.3 
Underwriting discounts and commissions $7.7 
Aggregate liquidation value $250.0 

On or after March 1, 2018, the Company may redeem the Series F preferred shares in whole at any time, or in part from time to time, at $25.00 per share, plus an amount equal to the portion of the quarterly dividend attributable to the then-current dividend period to, but excluding, the redemption date. The Company may also redeem the Series F preferred shares at any time upon the occurrence of a certain “capital disqualification event” or certain changes in tax law. Dividends on the Series F preferred shares will be non-cumulative and will be payable quarterly.

In the event of liquidation of the Company, the Series F preferred shares rank on parity with each of the Series C, D and E preferred shares and would rank senior to the common shares, and holders thereof would receive a distribution of $25.00 per share, or the aggregate liquidation value of $250 million, plus declared but unpaid dividends, if any.

On February 14, 2013, the Company announced that it expects to redeem the Series C preferred shares for the aggregate redemption value of $290 million plus accrued dividends on March 18, 2013.