{"id":18218,"date":"2012-03-29T10:43:52","date_gmt":"2012-03-29T14:43:52","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=18218"},"modified":"2012-03-29T10:43:52","modified_gmt":"2012-03-29T14:43:52","slug":"cpd-reduces-distribution","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=18218","title":{"rendered":"CPD Reduces Distribution"},"content":{"rendered":"<p>Blackrock Investments Canada <a href=\"http:\/\/ca.ishares.com\/content\/stream.jsp?url=\/content\/en_ca\/repository\/resource\/press_release\/pr_2012_03_20_b_en.pdf&#038;mimeType=application\/pdf\">has announced<\/a> that the regular monthly distribution with record date March 29 and pay date April 5 will be for only $0.062 \/ share, compared with <a href=\"http:\/\/ca.ishares.com\/product_info\/fund\/overview\/CPD.htm?fundSearch=true&#038;qt=CPD\">previous levels of $0.069 \/ share<\/a>.<\/p>\n<p>I suggest that shareholders get used to this, because an annual distribution of $0.744 and <a href=\"http:\/\/ca.ishares.com\/product_info\/fund\/overview\/CPD.htm?fundSearch=true&#038;qt=CPD\">NAV of 17.16<\/a> is a Current Yield of 4.33%, which I suggest is not sustainable even in the short term, given the fund&#8217;s large holdings in high-coupon FixedResets, many of which are callable at par in the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blackrock Investments Canada has announced that the regular monthly distribution with record date March 29 and pay date April 5 will be for only $0.062 \/ share, compared with previous levels of $0.069 \/ share. &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-18218","post","type-post","status-publish","format-standard","hentry","category-indices-and-etfs"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18218","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18218"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/18218\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}