Q: Could you please give me some information on ala.pr.e. Will this be affected by rising interest rates. Wishing you at 5I a Merry Christmas and a Happy New Years. Jack
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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: TA.pr.D
I read your recent comment on TA common shares, but does the same opinion apply to their reset prefs, this one trading at a very attractive price and yield. More broadly, so many rate reset prefs are off, in particular the past 2 weeks. While part of an income portfolio (the lower current costs seemingly protecting against rate increases), are they possibly still a bit of a value trap, even at these reduced prices? Thank-you as always...
I read your recent comment on TA common shares, but does the same opinion apply to their reset prefs, this one trading at a very attractive price and yield. More broadly, so many rate reset prefs are off, in particular the past 2 weeks. While part of an income portfolio (the lower current costs seemingly protecting against rate increases), are they possibly still a bit of a value trap, even at these reduced prices? Thank-you as always...
Q: I am looking for a lower risk income product for short term holding. Hoping for more than 1%. I came across BBO.PR.A which is a closed end Blackrock split corp pref share product holding Big Bank and Oil. Seems to stay just above it's NAV of $10 except back in 2008. Seems like a pretty safe 5% yield holding. Volume is low though. I can't really get a handle on the split corp structure and risks etc. Any guidance or comments would be appreciated. Anything that would be better? I am also considering BMO Covered Call products. Thanks!
Q: My question is about bep.un. Another member has also asked you a question about it today.
The National Bank Market Q internet site indicates also weak earning P/E of 244 and 669 for the Dividend/Earning ratio.
BRF preferred shares are getting hammered. The BRF/PF offered April 24,2013 are now yieldind 6.68% and their earning coverage ratio is only 0.7 time.
Same situation for BAM/PN and BAM/PM while those of Brookfield Office such as BPO/PH have remained relatively stable during the same time period.
Would it be safe to buy the BRF and BAM preferred shares for their high yield?
Regards
The National Bank Market Q internet site indicates also weak earning P/E of 244 and 669 for the Dividend/Earning ratio.
BRF preferred shares are getting hammered. The BRF/PF offered April 24,2013 are now yieldind 6.68% and their earning coverage ratio is only 0.7 time.
Same situation for BAM/PN and BAM/PM while those of Brookfield Office such as BPO/PH have remained relatively stable during the same time period.
Would it be safe to buy the BRF and BAM preferred shares for their high yield?
Regards
Q: I'm wondering what is going on to explain Shaw Communications Preferred Share (SJR.PR.A) sinking in price and should I dump it or hang on?
Q: Good morning.
I own shares in Brookfield Asset Management (rated Pdf2 low) and Brookfield Renewable Energy (rated Pdf3 high) perpetual preferred shares (BAM.PF.C & BRF.PR.F). These shares are trading at deeper discounts than other company preferred shares with the same ratings.
May I have your opinion regarding the Brookfield and the Brookfield Renewable credit ratings and can you think of any reason why the subject shares trade at a deeper discount to the others?
Many thanks in advance for your consideration and time.
I own shares in Brookfield Asset Management (rated Pdf2 low) and Brookfield Renewable Energy (rated Pdf3 high) perpetual preferred shares (BAM.PF.C & BRF.PR.F). These shares are trading at deeper discounts than other company preferred shares with the same ratings.
May I have your opinion regarding the Brookfield and the Brookfield Renewable credit ratings and can you think of any reason why the subject shares trade at a deeper discount to the others?
Many thanks in advance for your consideration and time.
Q: Enbridge Inc. 4.40% 5.25 - Year Rate Reset Preferred Share
Short Description: Treasury Offering of Cumulative Redeemable Preferred Shares, Series 7
Price: $25.00 CDN per share.
This is a new issue just announced yesterday.
Preferred shares have not done well of late but given the stability of this company would these shares be a good investment at this time?
Short Description: Treasury Offering of Cumulative Redeemable Preferred Shares, Series 7
Price: $25.00 CDN per share.
This is a new issue just announced yesterday.
Preferred shares have not done well of late but given the stability of this company would these shares be a good investment at this time?
Q: your feeling on blx.db
Q: Convertible bond question(asked by richard)on Dec 2/13
A 'layered' strategy implies receiving the redemption proceeds in cash. However, almost all cnvt. prospectus (see sedar.com) for the last 20 years contain clauses allowing the issuer to pay the redemption proceeds and interest in shares. Not all cnvt issues fare as well as the excellent list presented, particularly resource issues, eg: PDL.DB is .42/$, STP.DB is .50/$.
Publish at your discretion.
A 'layered' strategy implies receiving the redemption proceeds in cash. However, almost all cnvt. prospectus (see sedar.com) for the last 20 years contain clauses allowing the issuer to pay the redemption proceeds and interest in shares. Not all cnvt issues fare as well as the excellent list presented, particularly resource issues, eg: PDL.DB is .42/$, STP.DB is .50/$.
Publish at your discretion.
Q: I would appreciate your view on convertible bonds (debentures)as an alternative to corporate bonds or preferred shares for income particularly in a rising equity environment and in a potentially rising interest rate environment. Is a laddered approach feasible? I have found only three ETFs devoted to convertible bonds, CVD and CXF in Canada and CWB in the US. The first two fall short of their benchmarks which surprised me as I thought ETFs were supposed to mimic their benchmarks. CWB on the other hand has done well lately. Are there half a dozen or so converts that you could recommend if one wanted to start a ladder? Thank you; I look forward to your reply.
PS: perhaps a listing in "View by Category" for preferred shares and convertible debentures would facilitate searches?
PS: perhaps a listing in "View by Category" for preferred shares and convertible debentures would facilitate searches?