The markets have closed and the August 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. This will be the first issue that officially recognizes FixedResetPremium issues as a specific class. The recommendations are taylored for “buy-and-hold” investors.
The August edition will contain a longer than usual appendix addressing a nuance of FixedResetPremium valuation that the market appears to be ignoring completely.
Those taking an annual subscription to PrefLetter receive a discount on viewing of my seminars.
PrefLetter is available to residents of Ontario, Alberta, British Columbia and Manitoba as well as Quebec residents registered with their securities commission.
The August 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 on the weekend advising 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 August Issue.