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Canadian Life Companies Split Corp. 2012 Preferred Shares (LFE.PR.B $10.41)
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Premium Income Corporation Preferred Shares (PIC.PR.A $16.50)
Q: Could I get your views on the preferred share part of a couple split share funds, in particular the two above, which recently had new issues. I am not interested in the equity side of the split shares, but the recent preferreds have caught my attention, admittedly from the relatively high yield and the underlying investment being in solid companies. How consistent/sustainable are these dividends and what are the downsides to these stocks?
Thank-you
Thank-you