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16140 Offerings of Investment Grade Non-Convertible Debt or Preferred Securities
us SEC - Financial Reporting Manual
16140.1 Offerings by issuers of investment grade debt and preferred stock may be registered under the Securities Act on Form F-9. The debt or preferred stock must be rated investment grade (typically, the four highest ratings) by a nationally recognized statistical rating organization or by a securities rating organization recognized by Canadian securities regulators as an "Approved Rating Organization" in order to qualify. Securities registered on the Form must either be non-convertible or convertible only after one year from the date of issuance. Like the other MJDS forms, Form F-9 is primarily a wraparound form for the Canadian disclosure documents. No reconciliation of financial statements to U.S. GAAP is required.
16140.2 To be eligible, an issuer must:
a. | be incorporated or organized in Canada and be a foreign private issuer or a crown corporation; |
b. | have been reporting for the preceding 12 months to Canadian securities regulatory authorities; |
c. | be currently in compliance with its reporting obligations; and |
d. | have a public float of at least $75 million, unless the securities being registered are not convertible. |
This is a work of the U.S. Government
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