Q: In anticipation of continuing 'interesting' times, I am considering moving some WN.PR.A over to my TFSA. Since I am in my late eighties I consider this more of a fixed incme investment and less a consumer staple. Given the number of years the issue has exited, I am uncertain as to current redemption. I would appreciate relevant tho'ts. Thanks for all ideas that the team has provided over he past decade+. Bill
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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.
- Algonquin Power & Utilities Corp. cumulative rate reset preferred shares Series D (AQN.PR.D)
- TC Energy Corporation cumulative redeemable first preferred shares series 9 (TRP.PR.E)
- TC Energy Corporation cumulative redeemable minimum rate reset first pref shares Series 15 (TRP.PR.K)
- George Weston Limited 5.80% Preferred Shares Series 1 (WN.PR.A)
- Emera Incorporated Cumulative Rate Reset First Preferred Shares Series C (EMA.PR.C)
Q: I have been seeing a gradual price loss with some of the example preferred stocks I hold shown above.
With the continuing disaster going on in Ukraine and its inflationary impact, should I expect this to further reduce valuations for these types of investments as interest rates rise?
With the continuing disaster going on in Ukraine and its inflationary impact, should I expect this to further reduce valuations for these types of investments as interest rates rise?
Q: just a follow up to your answer to cory. These preferreds have come off their premium lately. Wondering if there is an announcement of redemption that i have have missed. they have been out there for a long time!
Q: How long has the issue been trading?
Q: If George Weston gets privatized what happens with this issue?
Q: Have held NWC for a few years as one my major consumer staple holdings. Am now wanting to deploy more resources to this sector and want an opinion on this (WN.PR.A) perpetual preferred issue - similar type of sector and I would think limited volatility (March notwithstanding). With very low interest rates, is there a major concern of redemption? Thanks for your help and support, Bill