Bank of Montreal non-cumulative 5-year rate reset Class B preferred shares Series 38 (BMO.PR.B)

Bank of Montreal non-cumulative 5-year rate reset Class B preferred shares Series 38 (BMO.PR.B $25.00)
- $25.00 P/E (TTM): 36.27X
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BMO Equal Weight REITs Index ETF (ZRE $23.64)
- $23.64 P/E (TTM): 24.02X Cap: $618M
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iShares (CBD)
- P/E (TTM): 16.4X
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iShares Core Canadian Long Term Bond Index ETF (XLB $18.71)
- $18.71 P/E (TTM): 5.13X Cap: $843M
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iShares U.S. High Yield Bond Index ETF (CAD-Hedged) (XHY $16.72)
- $16.72 P/E (TTM): 23.96X Cap: $1.02B
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Bank of Montreal non-cumulative 5-year rate reset Class B preferred shares Series 38 (BMO.PR.B $25.00)
- $25.00 P/E (TTM): 36.27X
- View BMO.PR.B Profile
- View Questions on BMO.PR.B

Q: Hello 5i,
I have the above ETF's in my TFSA as I believed the distribution is interest. I read in reports that distribution is dividend or "dividend interest") All quite confusing. In the TFSA's are also a GIC 5 year ladder, growth stocks (LSPD, LNF) and some high dividend paying equities. Should I journal the above ETF's to a non-registered account and refill the TFSA come January with more growth and GIC's or leave everything alone? I am 73 with a defined pension and 60/40 fixed / equity
Stanley

Read Answer Asked by STANLEY on September 21, 2020