{"id":6413,"date":"2009-05-04T22:28:27","date_gmt":"2009-05-05T02:28:27","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=6413"},"modified":"2009-05-04T22:28:27","modified_gmt":"2009-05-05T02:28:27","slug":"seminar-may-28-fixedreset-issues","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=6413","title":{"rendered":"Seminar, May 28: FixedReset Issues"},"content":{"rendered":"<p><b>Update, 2009-8-25<\/b>: <i>To gain access to the on-line video of this seminar and the ancillary written material, please visit <a href=\"http:\/\/www.prefletter.com\/eMailVerification.php?path=vid\">PrefLetter.com<\/a><\/i><\/p>\n<p>I am pleased to announce the next seminar in <a href=\"http:\/\/www.prefblog.com\/?cat=37\">the series<\/a> on the theory and practice of preferred share investing.<\/p>\n<p>These seminars will be aimed at active and potential preferred share investors who wish to review relative valuation techniques in preferred share analysis.<\/p>\n<p>All seminars will be presented by <a href=\"http:\/\/www.himivest.com\/biographies.php\">James Hymas<\/a>, who has <a href=\"press.php\">written extensively<\/a> on the subject of preferred share investment and has been referred to as a &quot;<a href=\"http:\/\/www.theglobeandmail.com\/servlet\/Page\/document\/v5\/content\/subscribe?user_URL=http:\/\/www.theglobeandmail.com%2Fservlet%2Fstory%2FRTGAM.20071214.wstmain1215%2FBNStory%2FrobColumnsBlogs%2Fhome&#038;ord=40196731&#038;brand=theglobeandmail&#038;force_login=true\">top expert<\/a>&quot; on the subject.<\/p>\n<p>Questions are encouraged throughout the seminars, as well as in informal discussion at the end of the session.<\/p>\n<p>Each seminar is two hours in length; coffee and tea will be served. The cost of attendance is $100, but a discount of $50 will be given to participants who have an annual subscription to <a href=\"http:\/\/www.prefletter.com\">PrefLetter<\/a> with at least one issue remaining at the time of the seminar.<\/p>\n<p>All seminars will be video-recorded for future distribution. Please note the slight change of venue: same hotel, different conference room.<\/p>\n<p>Advance registration and payment may be <a href=\"http:\/\/www.prefletter.com\/eMailVerification.php?path=sem\">performed on-line<\/a>.<\/p>\n<div align=\"center\">\n<h2>Thursday, May 28<\/h2>\n<p><\/p>\n<h3>Preferred Share &#8211; Fixed-Reset Issues:<br \/>Theory &amp; Practice<\/h3>\n<\/div>\n<p>&quot;FixedReset Issues&quot; are popular with investors who:<\/p>\n<ul>\n<li>wish to obtain tax-advantaged income\n<li>want protection against future inflation<\/ul>\n<p>These issues are characterized by:<\/p>\n<ul>\n<li>Mostly issued by financial institutions\n<li>Exchange Dates occur every five years\n<li>Dividends are fixed until the first Exchange Date\n<li>On every Exchange Date:\n<ul>\n<li>Company may redeem the issue at par\n<li>Rate until next exchange date is reset to 5-Year Canada bonds plus a spread\n<li>Issue may be exchanged to Floating Rate issues, paying 3-month Treasury Bills plus a spread, reset quarterly<\/ul>\n<li>Issues are perpetual<\/ul>\n<p>This seminar will review the theory of FixedReset Preferred evaluation, including:<\/p>\n<ul>\n<li>Credit Quality\n<li>Embedded calls\n<li>Exchange Options\n<li>The importance of ex-Dividend dates\n<li>Investment characteristics relative to Straight Perpetuals<\/ul>\n<p>Examples of relative valuation in current markets will be supplied and discussed.<\/p>\n<p>Attendence is limited; a reservation will avoid disappointment.<\/p>\n<p><b>Location<\/b>: <a href=\"http:\/\/www.dayshoteltoronto.ca\/meetings.html\">Days Hotel &amp; Conference Center<\/a>, (at Carlton &amp; College, downtown Toronto) College Room (see <a href=\"http:\/\/www.dayshoteltoronto.ca\/contact.html#map\">map<\/a>).<\/p>\n<p><b>Time<\/b>: May 28, 2009, 6pm-8pm.<\/p>\n<p><b>Reservations<\/b>: Please visit <a href=\"http:\/\/www.prefletter.com\/eMailVerification.php?path=sem\">the PrefLetter Seminar Page<\/a>.<\/p>\n<p><b>Update, 2009-8-24<\/b>: The seminar and its ancillary material have been accredited for four hours of IDA Professional Development Continuing Education.<\/p>\n<div align=\"center\"><img decoding=\"async\" src=\"http:\/\/www.prefletter.com\/images\/cecapLogo.jpg\"><\/div>\n<p><b>Update, 2009-8-24<\/b>: \u25e6This program is eligible for four CE credit hours, as granted by CFA Institute. If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.<br \/>\n<br \/>&nbsp;<br \/>&nbsp;<\/p>\n<div align=\"center\"><img decoding=\"async\" src=\"http:\/\/www.prefletter.com\/images\/cfaLogo.jpg\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Update, 2009-8-25: To gain access to the on-line video of this seminar and the ancillary written material, please visit PrefLetter.com I am pleased to announce the next seminar in the series on the theory and &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-6413","post","type-post","status-publish","format-standard","hentry","category-seminars"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6413","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=6413"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6413\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}