Q: If BEP.PR.O preferred shares are going to be redeemed for $25 on April 15, why are they trading for $25.25 today. I own these preferred shares & am wondering if I should sell today for an extra 25 cents per share or wait until April 15. I have enough shares to cover the $9.99 commission fee. Thanks … Cal
5i Research Answer:
BEP is still paying its final dividend, with a payment of ~36c on April 30, with an ex-dividend date of April 12. Thus, investors are still willing to pay up to get this dividend.