Research: Split Share Credit Quality

This was published some time ago, but for some reason I forgot to put it on the Web!

Anyway, the credit quality of SplitShare corporation preferreds is subject to numerous factors – the NAV of the underlying portfolio is only the most obvious. These influences can be quantified; an introduction to this quantification is presented in this article.

Click on the research link!

This entry was posted on Sunday, May 20th, 2012 at 10:35 pm and is filed under Publications. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 Responses to “Research: Split Share Credit Quality”

  1. LFE.PR.B: 13H1 Report, Dividend Policy Announced For Capital Units « PrefBlog says:
    August 5, 2013 at 11:59 pm

    […] there is a cash drag, the big problem is sensitivity to return distribution assumptions; see Split Share Credit Quality; as might be expected, sensitivity to everything increases as the NAV declines; see It’s All […]

  2. New Issue: Prime US Banking Sector Split Corp. « PrefBlog says:
    October 2, 2013 at 5:39 pm

    […] who have read some of my writings about Split Share Credit Quality will understand the combined effects of cash shortfalls and portfolio volatility. It’s not […]

  3. Research : SplitShare Credit Quality (PrefLetter Version) « PrefBlog says:
    June 20, 2022 at 10:12 am

    […] this essay, which was later distilled into a shorter version for popular appeal, I look at the determinants of credit quality for SplitShare […]

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