It will be recalled that AX.PR.E will reset at 5.472% effective October 1. AX.PR.E is a FixedReset, 4.75%+330, that commenced trading 2013-3-31 after being announced 2013-3-12. It must be remembered that these are not actually …
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BAM.PF.A : Convert or Hold?
It will be recalled that BAM.PF.A will reset at 5.061% effective October 1. BAM.PF.A is a FixedReset, 4.50%+290 that commenced trading 2012-3-13 after being announced 2012-3-5. It is tracked by HIMIPref™ and assigned to the …
BCE.PR.Q To Reset At 4.812%
BCE Inc. has announced: NOTICE IS HEREBY GIVEN THAT: 1. Holders of BCE Inc. fixed-rate Series AQ Preferred Shares have the right to convert all or part of their shares, effective on October 1, 2018, …
BAM.PF.A To Reset At 5.061%
Brookfield Asset Management Inc. has announced: that it has determined the fixed dividend rate on its Cumulative Class A Preference Shares, Series 32 (“Series 32 Shares”) (TSX: BAM.PF.A) for the five years commencing October 1, …
New Issue: BIP FixedReset, 5.10%+292M510
Brookfield Infrastructure has announced: that it has agreed to issue 8,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 11 (“Series 11 Preferred Units”) on a bought deal basis to a syndicate of underwriters led …
September 5, 2018
PerpetualDiscounts now yield 5.51%, equivalent to 7.16% interest at the standard conversion factor of 1.3x. Long corporates now yield about 3.90%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now about …
MFC.PR.K : Convert or Hold?
It will be recalled that MFC.PR.K will reset at 4.414% effective September 19. MFC.PR.K is a FixedReset, 3.80%+222, that commenced trading 2013-6-21 after being announced 2013-6-17. The announcement of extension has been previously reported. The …
AX.PR.E To Reset To 5.472%
Artis Real Estate Investment Trust has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding Preferred Units, Series E (“Series E Units”) (AX.PR.E) on …
MFC.PR.K To Reset to 4.414%
Manulife Financial Corporation has announced (although not yet on their website): the applicable dividend rates for its Non-cumulative Rate Reset Class 1 Shares Series 13 (the “Series 13 Preferred Shares”) (TSX: MFC.PR.K) and Non-cumulative Floating …
DC.PR.E Plunging On Accelerating Losses
Assiduous Reader TS writes in and says: James, first of all I do want to say that I check your prefblog regularly and do enjoy your content. Attaboy, TS! That’s how you get your eMails …