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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.

Enbridge Inc. (ENB $66.69)
- $66.69 P/E (TTM): 23.4X Cap: $145.42B
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Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $22.06)
- $22.06 P/E (TTM): 23.4X Cap: $145.42B
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Q: okay - if i sold enb preferred, can i buy back the stock within 30 days and be within the superficial loss rules.

cheers

Read Answer Asked by kelly on September 08, 2020

Algonquin Power & Utilities Corp. cumulative rate reset preferred shares Series D (AQN.PR.D $25.56)
- $25.56 Cap: $5.96B
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BCE Inc. Cumulative Redeemable First Preferred Shares Series R (BCE.PR.R $19.52)
- $19.52 P/E (TTM): 73.22X Cap: $31.55B
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Royal Bank of Canada Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AZ (RY.PR.Z $24.99)
- $24.99 P/E (TTM): 13.69X Cap: $35.33B
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TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E $21.83)
- $21.83 P/E (TTM): 17.47X Cap: $74.70B
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TC Energy Corporation cumulative redeemable minimum rate reset first pref shares Series 15 (TRP.PR.K $25.00)
- $25.00 P/E (TTM): 43.1X Cap: $25.72B
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Emera Incorporated Cumulative Rate Reset First Preferred Shares Series C (EMA.PR.C $24.75)
- $24.75 P/E (TTM): 22.1X Cap: $19.48B
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Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $22.06)
- $22.06 P/E (TTM): 23.4X Cap: $145.42B
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Q: I have provided a sampling of the Preferred Shares I have in my holdings where most of them have rate renewals out into 2023/24. With prospect of a recession and lower interest rates I have locked in returns for the short-term, would you be able to provide some insight into why their market valuation has dropped 25-30% in most cases? Are investors doubting Royal Bank, Bell, Algonquin Power, etc of being able to meet their debt obligations?

Read Answer Asked by Ted on March 16, 2020

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