Pembina Pipeline Corporation cumulative redeemable rate reset Class A preferred shares Series 15 (PPL.PR.O)

Pembina Pipeline Corporation cumulative redeemable rate reset Class A preferred shares Series 15 (PPL.PR.O $25.50)
- $25.50 P/E (TTM): 20.21X Cap: $33.73B
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Pembina Pipeline Corporation cumulative redeemable rate reset Class A preferred shares Series 15 (PPL.PR.O $25.50)
- $25.50 P/E (TTM): 20.21X Cap: $33.73B
- View PPL.PR.O Profile
- View Questions on PPL.PR.O

Q: hi. i own series 15 of ppl.pr.o they will not redeem but want to know if i want to exchange for series 16. what would be the pros and cons for doing so. and if i don,t do i still get b of c 5yr rate plus 2.92% thanks brian w

Read Answer Asked by brian on September 09, 2022

Pembina Pipeline Corporation cumulative redeemable rate reset Class A preferred shares Series 15 (PPL.PR.O $25.50)
- $25.50 P/E (TTM): 20.21X Cap: $33.73B
- View PPL.PR.O Profile
- View Questions on PPL.PR.O

Q: Hi Peter,
Do you see anything "funny" about this redeemable reset preferred?
Current price is $21.98. Resets on 2022-09-30. Resets at 5YR + 2.92%. Currently the reset is then 2.83% + 2.92% = 5.75%. If PPL didn't redeem then you'd get a dividend rate of 6.55% based on the @21.98 price. If they do redeem then you get a $3.02 gain for 5 months.
Do I have my facts correct or am I missing a detail or two?

Read Answer Asked by Dennis on May 03, 2022

Pembina Pipeline Corporation cumulative redeemable rate reset Class A preferred shares Series 15 (PPL.PR.O $25.50)
- $25.50 P/E (TTM): 20.21X Cap: $33.73B
- View PPL.PR.O Profile
- View Questions on PPL.PR.O

Q: Down lots in this stock. Is it worth keeping?

Read Answer Asked by John on July 13, 2020