Brookfield Soundvest Capital Management Ltd., manager of Brookfield Soundvest Split Trust (the “Trust” in the following extract, also referred to in this post as “BSD”) has announced (emphasis added): that the board of directors of …
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March 5, 2015
Canadians are loading up on debt: Canadians have taken on $80-billion worth of mortgages, personal loans and credit card debt in the past year, Royal Bank of Canada found, with much of that growth coming …
March 4, 2015
The effect of shareholder-friendly actions on creditworthiness was discussed in the post Rating Agencies Unhappy With Enbridge (particularly in the comments!). Nowadays, shareholders are really feeling the love: Stock buybacks, which along with dividends eat …
March 3, 2015
Daniel M. Gallagher has just become my favourite SEC commissioner: During a fireside chat at today’s Institute of International Bankers’ 26th Annual Washington Conference, I expressed my concern about the number and aggregate impact of …
March 2, 2015
The latest hot new financial indicator is: How much European sovereign debt trades at negative yields?: The European Central Bank’s imminent bond-buying plan has left $1.9 trillion of the euro region’s government securities with negative …
Low-Spread FixedResets: February, 2015
As noted in MAPF Portfolio Composition: February 2015, the fund now has a fairly large allocation to FixedResets, although this segment remains below index weight. As these were largely purchased with proceeds of sales of …
MAPF Portfolio Composition: February 2015
Turnover continued to be above average in February, at about 16%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively …
February 27, 2015
European deflation is significant: Spanish consumer prices plunged for a second month in February, encapsulating the threat facing Mario Draghi as the European Central Bank prepares to unleash quantitative easing. Prices fell 1.2 percent from …
AZP.PR.A, AZP.PR.B and AZP.PR.C Removed From Watch-Negative By S&P
Standard & Poor’s has announced: •We are affirming our ‘B’ corporate credit ratings on U.S. power generator Atlantic Power Corp. (APC) and affiliate Atlantic Power Limited Partnership, and are removing them from CreditWatch with negative …
February 26, 2015
Assiduous Reader DW brings to my attention a piece titled BXF no longer a strip tease, which points out: When First Asset created Canada’s first strip bond ETF in 2013, they claimed that the ETF …