Assiduous Reader DT writes in and says: I have been following your blog for quite some time but I have a question that I can not find a clear answer to…. Can you explain how …
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February 5, 2014
DBRS doesn’t like the New Brunswick budget: DBRS notes that the Province of New Brunswick (the Province or New Brunswick; rated A (high) with a Stable trend) kicked off the provincial budget season with its …
New RBC / NA / CWB reset prefs
I have been asked, in an eMail with the captioned title: Not sure this is going to the right place. Can’t find anyone else to send these comments to. I owned a number of bank …
MAPF: Performance, January 2014
The fund outperformed the indices in January, helped by its holdings in insurance DeemedRetractibles but hindered by CGI.PR.D, which returned -2.44% on the month. Click for Big Click for Big I continue to believe that …
January 27, 2014
This is interesting … the demand for physical gold is (currently) uncorrelated with demand for gold certificates: Austria’s Muenze Oesterreich AG mint hired extra employees and added a third eight-hour shift to the day in …
BNS.PR.C: No Trading On Debut
The extension and new dividend of 3.83% on BNS.PR.R was previously reported on PrefBlog. On January 16, Scotiabank announced: announced that 2,623,056 of its 12,000,000 Non-cumulative 5-Year Rate Reset Preferred Shares Series 22 of Scotiabank …
RY.PR.I To Reset at 3.52%; RY.PR.L at 4.26%
Royal Bank of Canada has announced: the applicable dividend rates for its Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AJ (the “Series AJ shares”) and Series AL (the “Series AL shares”) and Non-Cumulative Floating …
New issue: RY FixedReset, 4.00%+221 – First NVCC issue
The Royal Bank of Canada has announced: an inaugural Basel III-compliant domestic public offering of $200 million of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series AZ. Royal Bank of Canada will issue 8 million Preferred …
RY.PR.I and RY.PR.L: Extension Becomes Official
In December I deduced that RY.PR.I and RY.PR.L would not be called on their Exchange Date of 2014-2-24, but warned: Mind you, it will be noted that the presumed extension cannot yet be deemed a …
MAPF Performance: December, 2013
The fund performed approximately equal to the indices in December, helped by its low weighting in junk FixedResets, which outperformed (as indicated by the performance difference between TXPR (-1.50%) and TXPL (-1.61%)), but hurt by …