Dividends

A close-up look at preferred share ETFs, a mega-hit with investors turned surprise money-loser

Rob Carrick was kind enough to quote me in his piece A close-up look at preferred share ETFs, a mega-hit with investors turned surprise money-loser: The people selling preferred shares and the ETFs that hold them include investors who used rate reset preferreds as a way to profit from rising intere ...

PIC.PR.A To Get Bigger

Strathbridge Asset Management Inc. has announced: Premium Income Corporation (the “Fund”) is pleased to announce that it is undertaking an overnight treasury offering of Preferred Shares and Class A Shares. The sales period for the overnight offering will end at 9:00 am EST tomorrow, August 21, ...

8 Lessons I Learned from One of My Worst Dividend Growth Investments, A 5-Part Series. Lessons 1 & 2

Disclosure: Some of the links below are affiliate links (AL), meaning, at no additional cost to you, I will earn a commission if you click through and make a purchase. See disclaimer. They say the hardest lessons in life are learned through experience. Well let’s just say a 38.6% loss in about ...

ENB.PR.Y : Convert or Hold?

It will be recalled that ENB.PR.Y will reset at 3.737% effective September 1, 2019 ENB.PR.Y is a FixedReset, 4.00%+238, that commenced trading 2013-6-6 after being announced 2013-5-28. It is tracked by HIMIPref™ but relegated to the Scraps – FixedReset (Discount) subindex on credit concerns. Th ...

FTN.PR.A : Semi-Annual Report, 2019

Financial 15 Split Corp has released its Semi-Annual Report to May 31, 2019. Figures of interest are: MER: 1.01% of the whole unit value, adjusted “to reflect the normal operating expenses of the Company excluding any one time offering expenses. ” Average Net Assets: We need this to calculate p ...

LCS.PR.A Seeks Mandate Change to Broaden Portfolio

Brompton Group has announced: that it will hold a special meeting (the “Meeting”) of holders of Class A Shares and Preferred Shares (the “Shareholders”) of Brompton Lifeco Split Corp. (the “Fund”). The purpose of the Meeting is to consider and vote upon an extraordinary resolution to im ...

2 Canadian Dividend Growth Stocks Increasing Dividends

Each month I update readers of all the dividend increases in the Canadian Dividend All-Star List (Canadian companies that have increased their dividend for 5 or more years in a row.) along with a summary of these companies. Tracking recent dividend increases can be a good way to generate new div ...

MAPF Performance: July, 2019

Malachite Aggressive Preferred Fund’s Net Asset Value per Unit as of the close July 31, 2019, was $8.1297. Returns to July 31, 2019 Period MAPF BMO-CM “50” Preferred Share Index TXPR*Total Return CPD – according to Blackrock One Month +0.50% +1.51% +1.31% N/A Three Months -3.58% ...

BMO.PR.T : Convert or Hold?

It will be recalled that BMO.PR.T will reset at 3.624% effective August 25, 2019 BMO.PR.T is a FixedReset, 3.90%+224, NVCC-compliant issue that commenced trading 2014-6-6 after being announced 2019-05-28. It is tracked by HIMIPref™ and is assigned to the FixedReset (Discount) subindex. The most l ...

RY.PR.H : Convert or Hold?

It will be recalled that RY.PR.H will reset At 3.65% effective August 24, 2019. RY.PR.H is a FixedReset, 3.90%+226, NVCC-Compliant issue that commenced trading 2014-6-3 after being announced 2014-5-23. The bank gave notice of extension on 2019-7-22. The issue is tracked by HIMIPref™ and has been ...