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On February 8, 2024, MBS announced that it would acquire five stations in New Brunswick and Nova Scotia from Bell Media, including CIKX-FM, CJCJ-FM, CKBC-FM, CKTO-FM, and CKTY-FM. [2] The sale was approved by the CRTC on December 20, 2024.
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The biggest change to Mutual happened in 1978, when Amway purchased WCFL from the Chicago Federation of Labor for $12 million (equivalent to $57.9 million in 2024); for the first time, the network founded by radio stations directly owned a station of its own, and in one of the country's largest markets.
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A mortgage-backed security (MBS) is a type of asset-backed security (an "instrument") which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy.
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For an MBS, the word "option" in option-adjusted spread relates primarily to the right of property owners, whose mortgages back the security, to prepay the mortgage amount. Since mortgage borrowers will tend to exercise this right when it is favourable for them and unfavourable for the bond-holder, buying an MBS implicitly involves selling an ...