The markets have closed and the October edition of PrefLetter is now being prepared.
PrefLetter is the monthly newsletter recommending individual issues of preferred shares to subscribers. There is at least one recommendation from every major type of preferred share with investment-grade constituents. The recommendations are taylored for “buy-and-hold” investors.
The October edition will contain two appendices: one will discuss the question of Security of Income vs. Security of Principal and attempt to redress the imbalance often found in fixed income investing towards the latter; the second appendix will discuss ETFs in general and review the composition of four preferred share benchmarks: CPD, DPS.UN, the BMO-CM “50” Index, and Malachite Aggressive Preferred Fund.
Those taking an annual subscription to PrefLetter receive a discount on viewing of my seminars.
PrefLetter is now available to all residents of Canada.
The October issue will be eMailed to clients and available for single-issue purchase with immediate delivery prior to the opening bell on Monday. I will write another post when the new issue has been uploaded to the server … so watch this space carefully if you intend to order “Next Issue” or “Previous Issue”! Until then, the “Next Issue” is the October issue.