Investment Q&A

Q: What are details about RSI.DB.E? Would you recommend holding for income? Will it mature on 31/12/2024?

Q: Is there I sight that provides information about convertible debenture market in Canada?

Q: hello 5i:
please comment on the following headline:

NexGen Announces Strategic Purchase of 2.7 Million Pounds of Uranium with Issuance of US$250 Million Convertible Debenture

Obviously the market didn't like it. Did they pay too much for the product? How could this help them going forward? Will the debentures be available for retail buyers and at what price? How does 5i feel about the debentures on a risk/reward basis?
Add as much colour as you feel is relevant.
thanks
Paul L

Q: What is the due date of this pref? Also, I don't fully understand this split share, can you provide a high level overview?

Q: hello 5i:
last question on this preferred over a year ago. Can you give me an update and do you consider it buyable? Safety rating would be beneficial.
thanks
Paul L

Q: If BEP.PR.O preferred shares are going to be redeemed for $25 on April 15, why are they trading for $25.25 today. I own these preferred shares & am wondering if I should sell today for an extra 25 cents per share or wait until April 15. I have enough shares to cover the $9.99 commission fee. Thanks … Cal

Q: According to Prefblog.com these preferred will be redeemed.
I see nothing on Brookfield site (not unusual) https://bep.brookfield.com/bep/stock-distributions/preferred-shares , or Yahoo Finance.
Do you know more? Thanks.

Q: Are you aware of any Canadian companies that have issued a convertible debenture in US dollars?

Q: WTS-CONSTELLATION 31MAR40: I have 22 of these in my TD SDRSP account. I have tried to figure out what to do with them by looking at previous question ... mostly from last September. Any suggestions? Thanks Dan

Q: I purchased these shares for average of 10.26 at end of Dec.,they are now about 14.25 and pay an 11+% dividend.Do you see any more upside as I'm considering purchasing more.Thanks for any advice you can provide!!

Q: on march 31 we can get 6.6% for 5 years or go to boc rate plus 3.01% which today is 7.991% what is your advice thank you brian

Q: Hello Peter and Staff
This pref has been hovering near par for sometime . I was wondering if it is because people feel it will be redeemed due to the high expected renewal rate ? Has the company published their intention and if not what do you feel might happen?
Thanks for all you do
Dennis

Q: hello 5i:
The latest news release states that Pembina will not be redeeming these preferreds in the next 5 year period. I don't quite understand the conversion privilege, though, so could you elaborate, in simple English and advise which course you'd take if you held the shares.
thanks
Paul L

Q: Could you please confirm the new reset dividend.
Thank you.

Q: Thank you for the comprehensive response to my recent question regarding preferred shares. In your response you stated: "preferred shares tend to fall as interest rates move up". Should I interpret this to mean that the current high interest environment is favourable for buying preferreds since once interest rates drop the price of preferreds will increase (and so yield decrease)?

Q: Has CVE filed to do any pref share buybacks?

As CVE reduces profit, would their prefs be consideration? In what order might they target their debt reduction?

Thank you

Q: What is the reaction of preferred shares to interest rate changes? How does a preferred share differ from a bond?

Q: My investment club was looking at buying into Triton International only to realize that it was acquired by Brookfield but still has preferred shares listed from the original company.

The original intent was that we are a buy-and-hold type group and were looking for a reliable dividend payer in the shipping industry. We are interested in still going through with purchasing the preferred A shares but the group is all pretty new to DIY and do not have experience with this type of holding.

Are there any additional unknowns that we should be watching out for here? Do these preferred shares have an expiry or carry any additional risk?

Thanks

Q: Hello 5i team

This fall I accumulated a basket of perpetual preferred shares composed of L.PR.B, BN.PR.N, SLF.PR.D, MFC.PR.C, FTS.PR.F (all recommended by 5i in 2023). The (TFSA) return on this basket is currently 8% (dividend not included).

(L.PR.B has the highest weighting = 40%)


Questions :

1- What should I expect in the coming months in the current rate and economic context, including the possibility of a recession?

2- Would you feel comfortable keeping this basket for the next 5 years?


Thanks to the whole team.

Q: Hello 5i Team

My understanding is all (12 issues) of the Brookfield Office Property Preferred shares (BPO) were removed from the S&P TSX Preferred Share Index (TXPR) effective Friday January 18 (the quarterly rebalancing date). My understanding is the BPO shares were removed because S&P downgraded them to P-4 on December 21, 2023.

However I can find no mention of this re-balancing event on the S&P website or other news sources. I have previously seen new releases from S&P when companies are added/removed from the S&P TSX 60 and S&P TSX Composite index.

After reviewing the holdings listing for the CPD etf (which tracks TXPR), the BPO shares are now removed.

Is there any other news sources I should be monitoring? This seems to be a material event that S&P did not disclose?

Thanks