September PrefLetter Released!

The September, 2021, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”. Those who subscribe for a full year receive the “Previous edition” as a bonus.

The September edition is somewhat foreshortened, but contains the most critical elements.

There is a problem with the site certificate; this is being updated but takes a surprising amount of time. If your browser warns you the link may not be private, just check that the domain is and you may proceed. A new problem this month is that the https: in the link emailed to you should be replaced with http:.

I do apologize for this. Everything happens at once!

PrefLetter may now be purchased by all Canadian residents.

Until further notice, the “Previous Edition” will refer to the September, 2021, issue, while the “Next Edition” will be the October, 2021, issue, scheduled to be prepared as of the close October 8, 2021, and eMailed to subscribers prior to market-opening on October 12.

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: There have been problems lately with corporate eMail protection systems that substitute “safe” links for the links sent in the eMails; the problem being that the “safe” links do not work and an error is generated by my software. To avoid possible problems and delays, please subscribe through an eMail account that is not “protected” by such software.

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?).

2 Responses to “September PrefLetter Released!”

  1. RAV4guy says:

    Just to share, your email ended up in my Spam folder for the first time ever. So I retrieved it and no problem from there.

    I do not understand why IFC.PR.A replaces CU.PR.C as a recommendation. I do not understand the statement on P18 about why the change was done. On P22 CU.PR.C is shown with a YTW-bid of 3.72% at a bid of 21.70. On P23 IFC.PR.A is shown with a YTW-bid of 3.25% at a bid of 20.40.

  2. jiHymas says:

    CU.PR.C is normally $0.95 cheap and is now only $0.53 cheap (as of September 10 close).

    IFC.PR.A is normally $0.45 rich and is now only $0.09 rich (as of September 10 close).

    There is a tendency for individual issues to return to their long-term average positions relative to the overall yield curve (from which the ‘fair price’ is calculated).

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