Q: What is your take on the safety of the dividend with GMP.PR.B? Why is it poorly rated by the agencies? GMP Capital doesn't seem to have much debt. The dividend yield and chance of a higher reset in a rising interest rate environment seems attractive.
If you don't like it, what rate reset preferred would offer a better combination of risk/return?
If you don't like it, what rate reset preferred would offer a better combination of risk/return?