Canadian Western Bank Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 5 (CWB.PR.B)

Canadian Western Bank Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 5 (CWB.PR.B $25.50)
- $25.50 P/E (TTM): 20.74X Cap: $2.46B
- View CWB.PR.B Profile
- View Questions on CWB.PR.B

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Canadian Western Bank Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 5 (CWB.PR.B $25.50)
- $25.50 P/E (TTM): 20.74X Cap: $2.46B
- View CWB.PR.B Profile
- View Questions on CWB.PR.B

Q: Why is Canadian Western Bank preferred series B trading so far below its par?

Read Answer Asked by Paul on April 24, 2023

Canadian Western Bank Non-Cumulative 5-Year Rate Reset First Preferred Shares Series 5 (CWB.PR.B $25.50)
- $25.50 P/E (TTM): 20.74X Cap: $2.46B
- View CWB.PR.B Profile
- View Questions on CWB.PR.B
Canadian Western Bank 5-year Rate Reset First Preferred Shares Series 9 (CWB.PR.D $27.25)
- $27.25 P/E (TTM): 20.74X Cap: $2.63B
- View CWB.PR.D Profile
- View Questions on CWB.PR.D
Enbridge Inc. cumulative redeemable preference shares Series 9 (ENB.PF.A $22.84)
- $22.84 P/E (TTM): 26.44X Cap: $149.94B
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Q: Peter and Team:
I realize that preferred shares are not high on your agenda, however,
I would appreciate whatever you could offer as an explanation. The CWB pr.d trades near or above the issue price while the others trade
at a steep discount. I realize it is a minimum rate reset, but there
must be other factors which influence such a disparity in price. Thanks,
Ben.

Read Answer Asked by BEN on December 14, 2020