Q: Good morning 5i,
I own E-L Financial Corp's preferred shares ELF.PR.F, which I bought 4 years ago yielding 5.5% at the time. The shares are now lower and yield almost 6%, so I'm thinking of adding more to my portfolio (currently a 1% weighting). Other than interest rate risk, is there anything about this particular issue that would not make it a good candidate for long-term income? Many thanks in advance,
Brian
I own E-L Financial Corp's preferred shares ELF.PR.F, which I bought 4 years ago yielding 5.5% at the time. The shares are now lower and yield almost 6%, so I'm thinking of adding more to my portfolio (currently a 1% weighting). Other than interest rate risk, is there anything about this particular issue that would not make it a good candidate for long-term income? Many thanks in advance,
Brian