A New Year’s update from Assiduous Reader RAV4guy!
This entry was posted on Wednesday, January 1st, 2025 at 10:14 pm and is filed under Index Construction / Reporting. You can follow any responses to this entry through the RSS 2.0 feed.
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What the data from RAV4 tells us is that what the corporate issuers feel is that the available price on Pref shares is too low to make it worth their while. What that should be telling the potential buyers is that the Pref share market is incredibly good value.
I was thinking that they are generally buying back Fixed Reset; and when they do issue something (albeit rarely) Perpetual is surprisingly common.
But I don’t know what that is trying to tell me as an individual investor looking for 3 or 4 different issues to buy after I was redeemed more than a few times in Fall, 2024.
A big thank you to RAV4guy for compiling all this data!