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  5. PBH: What do you think of debentures and do you think this is a good way to possibly hold as a proxy for ones bond side of your portfolio? [Premium Brands Holdings Corporation]

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Q: What do you think of debentures and do you think this is a good way to possibly hold as a proxy for ones bond side of your portfolio? How are they different from preferred stock? Do you think PBH are a good choice of company to hold them with? I have cash coming out of GIC's and am looking for a better rate now that GIC interest has gone down. Is the Div of 5.5% safe and is it considered interest or div for Canadian taxes? Is it good to get in or wait with a new issue regarding the price- do they tend to fluctuate with the market? Thanks so much.
Asked by Pat on March 21, 2025
5i Research Answer:
Debentures rank higher than preferred shares so can be considered safer if the company gets into...
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