Date of Release: 2009-07-02
DBRS has today discontinued the rating on the Preferred Securities issued by Multi Select Income Trust (the Trust). On June 12, 2009, the Capital Units issued by the Trust were merged along with units from other funds into the Sentry Select Canadian Income Fund. The Preferred Securities had been scheduled for final redemption on September 30, 2009, but were redeemed at the initial issue price of $10 per security on the date of the merger.
Notes:
All figures are in Canadian dollars unless otherwise noted.
The applicable methodology is Split Share Issuers: A Performance Overview, which can be found on our website under Methodologies.
This is a Structured Finance rating.
| Issuer | Debt Rated | Rating Action | Rating | Trend | Notes | Published |
|---|---|---|---|---|---|---|
| Multi Select Income Trust | Preferred Securities | Disc.-Repaid | Discontinued | -- | 2 Jul 2009 |
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