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TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E $23.32)
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Sun Life Financial Inc. Class A Non-Cumulative Preferred Shares Series 4 (SLF.PR.D $21.59)
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Intact Financial Corporation Non-Cumulative Class A Shares Series 6 (IFC.PR.F $23.95)
Q: Hi 5i, how would you rank these preferred shares for safety and would you consider them all buyable?
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Algonquin Power & Utilities Corp. cumulative rate reset preferred shares Series D (AQN.PR.D $25.80)
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TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E $23.32)
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TC Energy Corporation cumulative redeemable minimum rate reset first pref shares Series 15 (TRP.PR.K $25.00)
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George Weston Limited 5.80% Preferred Shares Series 1 (WN.PR.A $25.44)
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Emera Incorporated Cumulative Rate Reset First Preferred Shares Series C (EMA.PR.C $25.03)
Q: I have been seeing a gradual price loss with some of the example preferred stocks I hold shown above.
With the continuing disaster going on in Ukraine and its inflationary impact, should I expect this to further reduce valuations for these types of investments as interest rates rise?
With the continuing disaster going on in Ukraine and its inflationary impact, should I expect this to further reduce valuations for these types of investments as interest rates rise?
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Algonquin Power & Utilities Corp. cumulative rate reset preferred shares Series D (AQN.PR.D $25.80)
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BCE Inc. Cumulative Redeemable First Preferred Shares Series R (BCE.PR.R $20.35)
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Royal Bank of Canada Non-Cumulative 5-Year Rate Reset First Preferred Shares Series AZ (RY.PR.Z $24.99)
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TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E $23.32)
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TC Energy Corporation cumulative redeemable minimum rate reset first pref shares Series 15 (TRP.PR.K $25.00)
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Emera Incorporated Cumulative Rate Reset First Preferred Shares Series C (EMA.PR.C $25.03)
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Enbridge Inc. cumulative redeemable preference shares series 7 (ENB.PR.J $23.00)
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?