Q: Hi Peter and Staff

This pref had held up well but is getting slammed this week badly maybe even worse than the BPO prefs of which I also own . I have read all the BPO answers - thoughts on the AX.PR.I please

Thanks for all you do
Dennis

Q: I own some of the above preferred shares which reset on April 30/23. If Artis REIT does not call the preferred they reset at 5 year GOC (currently 3.454%) plus 3.93% or about 7.38% . Alternatively, I can covert to the floating rate of 90 day t-bills (currently 4.7%) plus 3.93%. or about 8.63%. I noticed not many preferred with the option to convert to floating rate are successful as they normally require a minimum number of shares . Is there a reason? Are t-bills rates more volatile than GOC rates? Any recommendations?