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  5. L.PR.B: Hello 5i What's going on with the Loblaws preferred shares this morning? [Loblaw Companies Limited Second Preferred Shares Series B]
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Q: Hello 5i

What's going on with the Loblaws preferred shares this morning? Should I sell now or wait? I have 5000 with an average price of $20.80 per share.

Thanks
Asked by Charles on December 09, 2024
5i Research Answer:

Loblaw has decided to redeem these preferreds at $25. We would be fine waiting for the redemption and see very little risk in waiting. The prior declared dividend will also still be paid. 

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