Q: Hi Team,
I require a fixed income investment. Bonds and GIC's just aren't worth it! I was thinking of buying a preferred share from GMP (GMP.PR.B) The yield on the preferred is around 6.70% plus capital appreciation. My decision comes down to weather GMP will survive long enough and have the resources to pay out the preferreds when they come due in 2016. What would be your thoughts on this company and investment.
Regards
John
I require a fixed income investment. Bonds and GIC's just aren't worth it! I was thinking of buying a preferred share from GMP (GMP.PR.B) The yield on the preferred is around 6.70% plus capital appreciation. My decision comes down to weather GMP will survive long enough and have the resources to pay out the preferreds when they come due in 2016. What would be your thoughts on this company and investment.
Regards
John