Q: I own this preferred and am wondering how it will be treated with regards to the upcoming split of TRP into 2 units...where will the preferred reside after split is done....does this have the effect of reducing credit worthiness of this said preferred..many thanks
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: What is your read on this preferred? Would they behave similarly to bonds in regards to capital appreciation?
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Canadian Utilities Limited cumulative redeemable second preferred shares series DD (CU.PR.G)
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Fortis Inc. Cumulative Redeemable 5-Year Fixed Rate Reset 1st Preference Series G (FTS.PR.G)
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Bank of Montreal 5-Year Rate Reset Class B Preferred Shares Series 29 (BMO.PR.T)
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TC Energy Corporation cumulative redeemable first preferred shares series 7 (TRP.PR.D)
Q: Which of the above funds are reset preferred? When do they reset and what would the dividend look like at that time? What is their present dividend. Could you also tell me about the ones that are not reset preferred? What are they and what is their dividend? Need information as not sure whether to sell with interest rates decreasing. Would I do better holding the common shares? Thanks for providing this service.
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Canadian Utilities Limited cumulative redeemable second preferred shares series DD (CU.PR.G)
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Fortis Inc. Cumulative Redeemable Fixed Rate Reset First Preference Shares Series (FTS.PR.K)
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Bank of Montreal 5-Year Rate Reset Class B Preferred Shares Series 29 (BMO.PR.T)
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TC Energy Corporation cumulative redeemable first preferred shares series 7 (TRP.PR.D)
Q: I am presently holding the first 3 preferred in a non registered account.
BMO is held in a registered account.
Can you kindly analyze the above preferred. Some have decreased in value in the last couple of months. Any idea why this is happening.
Is it time to sell?
BMO is held in a registered account.
Can you kindly analyze the above preferred. Some have decreased in value in the last couple of months. Any idea why this is happening.
Is it time to sell?