Which Canadian Western Bank Preferred Should I Buy
This compare tool helps you determine Which Canadian Western Bank Preferred you Should Buy. In this section we provide additional information to help you make the right decision. This information includes
- A number of what if scenarios for the 5 year resets. The scenarios are based on the various yields of the G.O.C. 5 year bond.
- A line graph chart with the historical yields of all preferreds issued.
- Links to the prospectus of each preferred.
Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates
- Scenario 1: 5YR GOC Rate is set at 1.50%
- Scenario 2: 5YR GOC Rate is set at 2.00%
- Scenario 3: 5YR GOC Rate is set at 2.50%
- Scenario 4: 5YR GOC Rate is set at 3.0%
- Scenario 5: 5YR GOC Rate is set at 3.50%
- Scenario 6: 5YR GOC Rate is set at 4.00%
Note: Only the first 3 "What if scenarios" of the total 6 are available on the Free Site. All 6 scenarios can be viewed in the premium site
For more information please review our video and/or post. Links available at the bottom of the page
Rank Preferreds - Compare Reset Scenarios
| Credit Rating | Symbol | Reset Date Y/M/D | Current (Yield Dividend) | 5Yr @ 1.50%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.50%. | 5Yr @ 1.50%. Blended (Yield Dividend) | 5Yr @ 1.50%. Rate Change (percent | to value ) | 5Yr @ 2.00%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.00%. | 5Yr @ 2.00%. Blended (Yield Dividend) | 5Yr @ 2.00%. Rate Change (percent | to value ) | 5Yr @ 2.50%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 2.50%. | 5Yr @ 2.50%. Blended (Yield Dividend) | 5Yr @ 2.50%. Rate Change (percent | to value ) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pfd3 | CWB-B CWB.PR.B CA1367655000 | 2029APR30 | 06.30% $1.5928 | 4.21% $1.07 | 06.09% $1.54 | -1% 4.21% | 4.71% $1.19 | 06.14% $1.55 | -1% 4.71% | 5.20% $1.32 | 06.19% $1.56 | -1% 5.20% |
| Pfd3 | CWB-D CWB.PR.D CA1367658806 | 2029APR30 | 07.14% $1.9128 | 5.17% $1.39 | 06.94% $1.86 | -6% 5.17% | 5.63% $1.51 | 06.98% $1.87 | -6% 5.63% | 6.10% $1.64 | 07.03% $1.88 | -6% 6.10% |
Current yields over time
The graph below shows the current yield of each Canadian Western Bank preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
- For 5 year resets, at reset time the yield usually makes a substantial move up or down when the reset takes effect.
Reset yields over time
The graph below shows the projected reset yield of each Canadian Western Bank preferred share, over time. Place the mouse cursor over the graph to reveal data like (date, ticker and current Yield).When viewing the graph below keep in mind the following
- This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
- This is a what if scenario. If the preferred was to reset today this would be the new yield.
Canadian Western Bank Preferred Shares – Prospectus Information
Prospectus Information for each of the Canadian Western Bank Preferreds is available in the links below. Going over the main parts of the prospectus will ensure you are looking at the right preferred.
CWB.PR.B CA1367655000 Series 5 converts to Series 6
CWB.PR.C CA1367657089 Series 7 converts to Series 8
CWB.PR.D CA1367658806 Series 9 converts to Series 10
Additional Information
Continue to Which CWB should I Buy – Page 1 of 3 where you can find:
- CWB Brief Overview
- Latest CWB Credit Ratings
- CWB Common Share Metrics
- Overall Preferred Share Metrics across all CWB preferreds
Additional Information
Continue to CWB Preferreds Consolidated Short Position Report page 3 of 3 where you can find
- Consolidated Short Position Reports for each CWB Preferred