Q: I have ENB.PR.N-T at 4% reset in 2017. My question is how to decide when to sell preferred shares.
Similar preferreds have come available with a higher Dividend. I would sell Enb. as it is above its $25 issue, and pick up the newer issue with 5 years to go. Or could you direct me to a website that could enlighten me on buying and selling preferrers.
Thanks for the great work you and your team do, I have found it very helpful in confirming some of my purchases.
Thanks Jack
Similar preferreds have come available with a higher Dividend. I would sell Enb. as it is above its $25 issue, and pick up the newer issue with 5 years to go. Or could you direct me to a website that could enlighten me on buying and selling preferrers.
Thanks for the great work you and your team do, I have found it very helpful in confirming some of my purchases.
Thanks Jack