My introduction to this essay says it all, I think:
I didn’t really want to write about this topic again, for the third time running, but it is important to the analysis of the Canadian preferred share market now and will probably remain important for the next ten years – so it’s best if we get things started on a solid footing.
Additionally, it became plain to me from the response to the last edition1 that not only did readers want to hear more about this big change in the markets, but that I was insufficiently clear in parts of my discussion for many – so I will commence this appendix with a recapitulation of OSFI’s advisory and draft advisory released February 4, 2011 and how this affects analysis.
The first two articles in the series are available HERE and HERE.
Look for the research link!
