Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J)

Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $23.00)
- $23.00 P/E (TTM): 26.44X Cap: $149.94B
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Enbridge Inc. (ENB $68.74)
- $68.74 P/E (TTM): 26.44X Cap: $149.94B
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Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $23.00)
- $23.00 P/E (TTM): 26.44X Cap: $149.94B
- View ENB.PR.J Profile
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Q: okay - if i sold enb preferred, can i buy back the stock within 30 days and be within the superficial loss rules.

cheers

Read Answer Asked by kelly on September 08, 2020

Algonquin Power & Utilities Corp. cumulative rate reset preferred shares Series D (AQN.PR.D $25.80)
- $25.80 Cap: $6.83B
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BCE Inc. Cumulative Redeemable First Preferred Shares Series R (BCE.PR.R $20.35)
- $20.35 P/E (TTM): 5.26X Cap: $31.93B
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Royal Bank of Canada Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AZ (RY.PR.Z $24.99)
- $24.99 P/E (TTM): 13.69X
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TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E $23.32)
- $23.32 P/E (TTM): 25.15X Cap: $85.04B
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TC Energy Corporation cumulative redeemable minimum rate reset first pref shares Series 15 (TRP.PR.K $25.00)
- $25.00 P/E (TTM): 43.1X
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Emera Incorporated Cumulative Rate Reset First Preferred Shares Series C (EMA.PR.C $25.03)
- $25.03 P/E (TTM): 18.56X Cap: $20.25B
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Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $23.00)
- $23.00 P/E (TTM): 26.44X Cap: $149.94B
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Q: I have provided a sampling of the Preferred Shares I have in my holdings where most of them have rate renewals out into 2023/24. With prospect of a recession and lower interest rates I have locked in returns for the short-term, would you be able to provide some insight into why their market valuation has dropped 25-30% in most cases? Are investors doubting Royal Bank, Bell, Algonquin Power, etc of being able to meet their debt obligations?

Read Answer Asked by Ted on March 16, 2020