PrefLetter March Supplement Released!

The Supplement to the March, 2020, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”; the copy you get will include the original March edition. Those who subscribe for a full year receive the “Previous edition” as a bonus.

Markets were chaotic on Friday 13 due largely to the Bank of Canada unscheduled rate cut of 50bp; this helped to degrade the quality of the closing quotes supplied by the Toronto Stock Exchange and made it difficult to select issues for recommendation at meaningful prices. Markets were also chaotic on Monday 16 due to the Fed’s Sunday rate cut of a full point, making it difficult for clients to take advantage of recommendations. Therefore, I have published a supplementary edition of PrefLetter, prepared as of the close March 20, which has been delivered free of charge to everybody who received the regular March edition.

PrefLetter may now be purchased by all Canadian residents.

Until further notice, the “Previous Edition” will refer to the March, 2020, issue (together with its supplement), while the “Next Edition” will be the April, 2020, issue, scheduled to be prepared as of the close April 10, 2020, and eMailed to subscribers prior to market-opening on April 13.

PrefLetter is intended for long term investors seeking issues to buy-and-hold. At least one recommendation from each of the major preferred share sectors is included and discussed.

Note: My verbosity has grown by such leaps and bounds that it is no longer possible to deliver PrefLetter as an eMail attachment – it’s just too big for my software! Instead, I have sent passwords – click on the link in your eMail and your copy will download.

Note: The PrefLetter website has a Subscriber Download Feature. If you have not received your copy, try it!

Note: PrefLetter eMails sometimes runs afoul of spam filters. If you have not received your copy within fifteen minutes of a release notice such as this one, please double check your (company’s) spam filtering policy and your spam repository – there are some hints in the post Sympatico Spam Filters out of Control. If it’s not there, contact me and I’ll get you your copy … somehow!

Note: There have been scattered complaints regarding inability to open PrefLetter in Acrobat Reader, despite my practice of including myself on the subscription list and immediately checking the copy received. I have had the occasional difficulty reading US Government documents, which I was able to resolve by downloading and installing the latest version of Adobe Reader. Also, note that so far, all complaints have been from users of Yahoo Mail. Try saving it to disk first, before attempting to open it.

Note: There have been other scattered complaints that double-clicking on the links in the “PrefLetter Download” email results in a message that the password has already been used. I have been able to reproduce this problem in my own eMail software … the problem is double-clicking. What happens is the first click opens the link and the second click finds that the password has already been used and refuses to work properly. So the moral of the story is: Don’t be a dick! Single Click!

Note: Assiduous Reader DG informs me:

In case you have any other Apple users: you need to install a free App from the apple store called “FileApp”. It comes with it’s own tutorial and allows you to download and save a PDF file.

However, Assiduous Reader Adrian informs me in the comments to the January 2015 release:

Some nitpicking for DG:
FileApp costs $1.19 in the Apple Store.

But Adrian2 now advises:

Well, as of now, FileApp is free (again?).

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