{"id":333,"date":"2006-11-25T17:18:50","date_gmt":"2006-11-25T21:18:50","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=333"},"modified":"2006-11-25T17:18:50","modified_gmt":"2006-11-25T21:18:50","slug":"research-closed-end-preferred-funds-effects-of-calls","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=333","title":{"rendered":"Research : Closed-End Preferred Funds : Effects of Calls"},"content":{"rendered":"<p>There are three major Preferred Share funds currently trading on the Toronto Stock Exchange : DPS.UN, PFD.PR.A and PFR.UN<br \/>\nThere was an indication on the <a href=\"http:\/\/www.financialwebring.org\/forum\/viewtopic.php?t=592\">Financial Webring Forum<\/a> that some people, at any rate, thought the dividends paid on these funds were secure and sustainable &#8230; so I wrote an article calculating just what would happen to the pay-outs on these funds as the underlying portfolios got called away and replaced with current-coupon issues.<\/p>\n<div align=\"center\"><a href=\"http:\/\/www.himivest.com\/media\/advisor_0610.pdf\"><img decoding=\"async\" src=\"http:\/\/www.prefblog.com\/images\/ad_FundCalls.jpg\" \/><\/a><\/div>\n<p>Look for the Research Link!<\/p>\n<ul>\n<li>Note: The &#8220;Y&#8221; axes of the two charts at the bottom left of the first page were mislabelled.\n<ul>\n<li>The &#8220;Y&#8221; axis of the chart &#8220;Projected Absolute Net Dividends&#8221; should be labelled &#8220;Projected Annual Dividend (dollars)&#8221;<\/li>\n<li>The &#8220;Y&#8221; axis of the chart &#8220;Projected Relative Gross Dividends&#8221; should be labelled &#8220;Projected Relative Dividend (Current = 100)&#8221;<\/li>\n<\/ul>\n<\/li>\n<li>The following &#8220;extras&#8221; are provided here:\n<ul>\n<li><a href=\"http:\/\/www.himivest.com\/media\/fundComp_060831.xls\">Spreadsheet<\/a><\/li>\n<li><a href=\"http:\/\/www.himivest.com\/media\/fundComp_tables.pdf\">All tables and charts<\/a> (some editing was required to fit publication size)<\/li>\n<li><a href=\"http:\/\/www.himivest.com\/media\/fundComp_annualDetail.pdf\">Even more tables<\/a>! (annual detail of redemption effects)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><!--17e6a618efb9702a1fdd93ca97b695aa--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are three major Preferred Share funds currently trading on the Toronto Stock Exchange : DPS.UN, PFD.PR.A and PFR.UN There was an indication on the Financial Webring Forum that some people, at any rate, thought &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-333","post","type-post","status-publish","format-standard","hentry","category-publications"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/333","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=333"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/333\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}