Investment Q&A

Q: hello 5i:
Like some other asking recent questions on the above: I've held this as I've seen it as a very low risk, high dividend, preferred. As it's no longer held (for all intents and purposes), do you have suggestions for something to replace it, possibly in the consumer staple category, though not necessary.. Other preferreds are already owned in companies like Enbridge, Fortis, etc.
thanks
Paul L

Q: Greetings 5i
It looks like this preferred is going to be redeemed at $25. Do you know when this is to occur?
Also, and more importantly, why would a company, in todays interest rate environment do this? Has L stated their motivation?
Thank you as always.
SP

Q: Hello 5i

What's going on with the Loblaws preferred shares this morning? Should I sell now or wait? I have 5000 with an average price of $20.80 per share.

Thanks

Q: as an owner of this Preferred I am interested in how Brookfield Properties is doing but never seem to be able to access their latest financials...lack of know how on my part...would you be kind enough to summarize the latest financial performance for me ...please and thank you

Q: I own ENB.PR.U in order to collect US$ dividends that qualify for the dividend tax credit.Do you know any other Canadian companies that have rate reset preferred shares in US$?

Q: Thank you for promptly answering my question on Silver Corp Metals. I have a follow up question. When a company does a "private placement" for convertible debt my understanding is that a bank/brokerage house will offer this placement to clients who have accounts with them. I guess that means that DYI investors who do their investing with a discount broker, in my case RBC, do not have access to these types of placements. Is that correct? Will that placement eventually end up on an exchange and be open to trading on that exchange? If the answer is yes then how long does it generally take for a private placement to end about on an exchange so it can trade? If the answer is no, then how does the investor who bought the private placement eventually liquidate their holding? I am just trying to get an understanding of how this works. Thanks for your help.

Q: I own these shares. these are rate reset preferreds for Brookfield infrastructure that pay a yield of 7.475% until March 2029. These dividends are eligible dividends.The company is trying to redeem these shares at 26.50 a share. I will vote against it. If however if a majority vote for it, is there any legal way for dissenting shareholders to resist being taken over. This process seems somewhat unfair because the company could've offered 26.50 to those shareholders who want to be taken out and leave the other shareholders to continue to receive their dividends

Q: Ffh.pr.k jumped by roughly 5% today and I am baffled as to what would prompt this kind of move up in its sp. Can you shed any light? Very unusual for a pref.

Q: Hello 5i
I wonder whether you could provide some clarity on the question of sectors. According to 5i my sectors are out of whack. But, I am not buying real estate because I consider my house to represent that. My financials don't include any banks but BrK.B, CSU, etc. and it is overweight. But, I don't really see these companies as primary financial companies. Anything that you could add to this that would clarify the situation? Also, I was wondering whether you break down eft's into sectors or stocks on your portfolio tracking and analysis tool?
thanks

Q: Thank you for your answer the other day with respect to these pref shares. Could you outline what may happen to the price of the shares depending on the reset rates. For example could the price fall to maintain a certain yield? Thanks again

Q: These shares have an attractive yield. Could you please shed some more light on them. Considering for non reg account. When do they reset? At what rate? If reset today, what would rate be? Thanks

Q: I have CWB.PR.D, series 9 preferred shares. I received notice that a change is going to occur that I need to vote for or against. Would you please explain in layman’s language what the upcoming vote is about. And please recommend a vote option, either 1, 2 or 3. Following is a cut & past of the change. Thanks … Cal

Q: This preferred took a steep drop in June, came back a little and is now slowly drifting downwards. Pays a 10% div.
Why the big drop and why further downward momentum now? Is the div not safe? Is it that BCE common shares are just unloved currently? Reset issues?

Thanks,
Mark

Q: Thoughts on this Etf

Q: What are your thoughts on holding preferred shares in a non-reg account for income or balanced purposes? If this is a good option, please share 2-3 recommendations or an alternative approach for income. Thanks

Q: I am interested in investing in preferred shares for income. Where can I find information on preferred shares and do you have any suggestions which is the best type to look at.

Q: In a recent update 5i stated they would: "Trim iShares Canadian Preferred Shares ETF (CPD) to a 3.5% Weighting - Trade Rationale - We feel that the thesis for preferred shares has begun to play out..."

Can you please elaborate on what you mean by the thesis "has begun to play out"?

I bought some heavily discounted preferred shares in late 2023 and have seen the unit price bounce up 50% and still paying a strong dividend (over 10%) even at the new price. Trying to balance risk / reward and super curious on your thoughts on the preferred share "thesis".

Love your service and thank you!!

Q: Not sure what the protocol is when a pref is taken back. I have normally sold before the recall date but both had a decent dividend due so I am still holding them. Do need to sell them or will Dundee take them back thru the broker?

Q: Hello 5i Team

Partners Value Split Corp. has a new offer of preferred shares (PVS.PR.L ?) - 5.50 % with a fixed redemption of June 30, 2030.

Is this new issue a reasonable preferred share - if I purchase the shares it will be after the listing as I have been unsuccessful on obtaining ipo shares from my broker.

I fully understand the only return I will receive will be the dividends - this security is for the income portion of my portfolio.

Thanks

Q: I have a number of Canadian Rate Reset and Perpetual Preferred Shares, which have done very well in the last number of months. These are held predominantly in a Registered LIF Account. The current yields are between 6~7%. The Rate Resets are laddered, resetting in different years. As the reset dates get closer it may impact the value, depending on BOC rate and reset rate. I was looking trimming these and allocating 20% of our Preferred shares BEPR for US exposure.


BEPR currently yields 9% which would increase our income, while providing greater diversification nIt seems to have paid a monthly since at least 2018.

What is 5’s view on BEPR and the safety of its distribution vs Canadian Preferred shares?