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Intact Financial Corporation Non-cumulative Rate Reset Class A Shares Series 1 (IFC.PR.A $22.39)
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Intact Financial Corporation Non-cumulative Rate Reset Class A Shares Series 7 (IFC.PR.G $25.27)
Q: Two preferred issues trading at 6.42% yield versus 5.74% yield. Reset in June 2023 and Dec 2022 respectively. Can you answer why two preferred issues would trade a such a yield spread?