Bombardier Inc. has announced (on 2022-7-12): that as of August 1, 2022, its Series 3 Preferred Shares will pay, on a quarterly basis, as and when declared by the Board of Directors of Bombardier Inc., …
Search Results for: conversion
BAM.PR.G Reset to 2.75% in November, 2021
Brookfield Asset Management Inc. has announced (in October, 2021): that it has determined the fixed dividend rate on its Class A Preference Shares, Series 9 (the “Series 9 Preferred Shares”) (TSX: BAM.PR.G) for the five …
BCE.PR.A / BCE.PR.B To Be Extended
BCE Inc. has announced (on July 14): Holders of fixed-rate BCE Inc. Series AA Preferred Shares have the right to convert all or part of their shares, effective on September 1, 2022, on a one-for-one …
MFC.PR.I To Be Extended
Manulife Financial Corporation has announced: that it does not intend to exercise its right to redeem all or any of its currently outstanding 10,000,000 Non-cumulative Rate Reset Class 1 Shares Series 9 (the “Series 9 …
ENB.PF.U To Reset at 5.8579%
Enbridge Inc. has announced: that it does not intend to exercise its right to redeem its currently outstanding Cumulative Redeemable Preference Shares, Series L (Series L Shares) (TSX: ENB.PF.U) on September 1, 2022. As a …
Research : Interconvertibility Part 2
I examine instances of interconversion among FixedFloater / RatchetRate shares and conclude: Interconvertability is an arcane nuance to preferred share investing, but can be used to boost returns on occasion. I expect the field to …
June 30, 2022
Well, that’s the end of the first half! U.S. and Canadian stocks on Thursday closed out their worst quarter since the onset of the COVID-19 pandemic with another session of broad losses and growing unease …
Research : Preferred Share Interconvertibility (PrefLetter Version)
Preferred Shares may be classified as interconvertible if each element of the pair may be converted into the other element on a specified date (or dates) in the future at the holder’s option – always …
ECN.PR.C to Reset at 7.937%
– ECN Capital Corp. has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding Cumulative 5-Year Minimum Rate Reset Preferred Shares, Series C (the …
BAM.PR.X to Reset at 4.606%
Brookfield Asset Management Inc. has announced: that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 28 (“Series 28 Shares”) (TSX: BAM.PR.X) for the five years commencing July 1, …