Q: Last year I received a "Transfer in Kind" to my RRSP for Polaris Infrastructure senior unsecured convertible debenture; Maturity May 2024 with coupon 7%.
I don't really understand the risks of the convertible debenture world.
Would it be more prudent to hold the debenture to maturity and collect the interest quarterly; or convert to the common stock that is paying dividends of 6.7% ?
What are the risk factors I should compare for Polaris?
Is there a process to convert / sell that I should be aware of?
Thank you.
I don't really understand the risks of the convertible debenture world.
Would it be more prudent to hold the debenture to maturity and collect the interest quarterly; or convert to the common stock that is paying dividends of 6.7% ?
What are the risk factors I should compare for Polaris?
Is there a process to convert / sell that I should be aware of?
Thank you.