Q: may I get your opinion on this preferred , please and thank you...and also, if I may, inquire as to a site of reference detailing US prefs pertinent info...many thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi and thank you for a splendid service
northwest health care just put an offering out on preferred shareswill this affect the stock price in a similar manner that the EIF offering did(down 5%??)
northwest health care just put an offering out on preferred shareswill this affect the stock price in a similar manner that the EIF offering did(down 5%??)
Q: TD and BMO recently issued preferred shares. TD 5 Year Rate Reset Series 28 yielding 7.232%, reset 4.2%. BMO 5 Year Rate Reset Series 50 yielding 7.376%, reset 4.25.
Both press releases both include the line "will issue to certain institutional investors"
Can retail investors purchase these? The rate and reset seem fantastic based on the quality of the issuers.
Both press releases both include the line "will issue to certain institutional investors"
Can retail investors purchase these? The rate and reset seem fantastic based on the quality of the issuers.
Q: What might account for the unusually large (12%) increase in the share price of Brookfield Pref A today?
Q: Can you comment on what you think is going on with the pref market. They had a great last year with them pricing in rate rises and now they look like they are doing the opposite with potential credit risks. Seems a bit overdone. Thoughts?
Q: These rate reset preferred are 70% of bank prime rate. I am confused on their fact sheet as to when the reset occur. now that all the major banks have increased to 4.7. when is the reset going into effect. The next dividend coming at the end of July is declared at the old rate, Will the rate adjust for the next dividend after this one?
Thank you.
Thank you.
Q: this bell reset preferred yields 6.514 for the next 4.6 yrs...would you consider this OK for a fixed income or cash investment?
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Bombardier Inc. Class B Subordinate Voting Shares (BBD.B $239.41)
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Bombardier Inc. Series 3 Cumulative Redeemable Preferred Shares (BBD.PR.D $16.99)
Q: Bombardier has announced a conversion for shareholders who want it and are holding series 3 and series 2 shares. Series 3 will pay about 4.58% quarterly based on government bond + 145%. Series 2 is floating rate based on a percentage of prime. I currently hold series 3 with over a 20% gain. What do you recommend?
Q: I would like an opinion On IFC.PR.K for safety and income Thx
Q: Hello everyone at 5i!! Would you consider ZPR to be a reasonably safe investment in a recession? Cheers, Tamara
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Brookfield Office Properties Inc. Class AAA Preference Shares Series GG (BPO.PR.G $22.15)
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Element Fleet Management Corp. 5.75% Cumulative 5-Year Minimum Rate Reset Preferred Shares Series I (EFN.PR.I $24.99)
Q: Good (not so good ..) Monday.
Have you seen any official press release about these 2 preferred which will reset at the end of June. Prefblog’site mentionned that EFN.PI will be redeemed. I have not seen anything on EFN.PI or BPO.PG. Some cies really drag their feet. Thanks
Have you seen any official press release about these 2 preferred which will reset at the end of June. Prefblog’site mentionned that EFN.PI will be redeemed. I have not seen anything on EFN.PI or BPO.PG. Some cies really drag their feet. Thanks
Q: Good morning and thanks for the role you fill in my investment decision making. I hold ECN.Pr.C (along with HPR and ZPR) and have for years. I have a decision to make regarding conversion. As I understand it I can do nothing and continue at a higher rate of return; convert to a floating rate and have it reset quarterly. Could you please confirm my choices along with your recommendation. Is this a buy and, if not, are there better alternatives? 3-5 year timeline.
Q: hello 5i:
We are interested in a smaller investment in convertible bonds, but don't wish to pursue the ETF route; rather, we'd like to choose the higher grade company DBs. With yield being as important as safety, could you give us your top 3 or 4 company debentures at the moment? What is liquidity like with individual debentures?
thanks
Paul L
We are interested in a smaller investment in convertible bonds, but don't wish to pursue the ETF route; rather, we'd like to choose the higher grade company DBs. With yield being as important as safety, could you give us your top 3 or 4 company debentures at the moment? What is liquidity like with individual debentures?
thanks
Paul L
Q: Hi,
I'm wondering about the new issue for convertible debentures from PBH - is this a good deal, given the interest rate, vs just buying the stock? I notice that the first interest payment won't be until Mar 2023, so a long time for the cash to sit idle. However the conversion price of 160.25 seems pretty good, given the stock closed today at 100.17. If the deal is a worthy one, then is it best to try to buy the new issue, or wait until after it closes to see how it settles? As always, your advice is much appreciated!
Dawn
I'm wondering about the new issue for convertible debentures from PBH - is this a good deal, given the interest rate, vs just buying the stock? I notice that the first interest payment won't be until Mar 2023, so a long time for the cash to sit idle. However the conversion price of 160.25 seems pretty good, given the stock closed today at 100.17. If the deal is a worthy one, then is it best to try to buy the new issue, or wait until after it closes to see how it settles? As always, your advice is much appreciated!
Dawn
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Canaccord Genuity Group Inc. Cumulative 5-Year Rate Reset First Preferred Shares Series C (CF.PR.C $24.96)
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Brookfield Office Properties Inc. Class AAA Preference Shares Series GG (BPO.PR.G $22.15)
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TransAlta Corporation cumulative redeemable rate reset first preferred shares series E (TA.PR.H $25.50)
Q: I've been trying to figure out this inflation/interest rate mess as it relates to my RRSP. I dumped a bunch of low rate government strip bonds in January and I'm thinking of replacing them with these 3 preferreds. They're fixed-rate resets yielding in the 5 to 6% range. They are all below the recall price. I know that trade volumes are low. What do you think?
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Royal Bank of Canada (RY $219.86)
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Toronto-Dominion Bank (The) (TD $128.05)
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Bank of Nova Scotia (The) (BNS $93.95)
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Bank of Montreal (BMO $186.88)
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Canadian Imperial Bank Of Commerce (CM $130.73)
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Great-West Lifeco Inc. (GWO $62.60)
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National Bank of Canada (NA $178.80)
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ECN Capital Corp. (ECN $3.08)
Q: Seems like there is some indiscriminate selling of rate reset prefs
last few days. Not sure this makes sense.
What are your three top rate reset ideas at the moment, that are NOT in the energy/pipeline sector
Thanks
last few days. Not sure this makes sense.
What are your three top rate reset ideas at the moment, that are NOT in the energy/pipeline sector
Thanks
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Enbridge Inc. (ENB $74.00)
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TC Energy Corporation (TRP $87.75)
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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.78)
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ECN Capital Corp. (ECN $3.08)
Q: Do you have any rate reset prefs that you think are worthwhile here? Thanks
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?
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?
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iShares S&P/TSX Canadian Preferred Share Index ETF (CPD $13.78)
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iShares 20+ Year Treasury Bond ETF (TLT $87.34)
Q: In regards to CPD or just pref's in general. They have sold off a lot over the past month. Fair to say they have priced rate increases in and are now forecasting a slowdown and rates going lower? Would a partial switch to a TLT-US make some sense here if that is the thesis?
Q: Your thoughts on TPRF. Is there a better active Preferred ETF?