Compare Minimum Rate Reset Preferred Shares

Using the table below you can Compare Minimum Rate Reset Preferred Shares, issued by Canadian companies.  We have included all shares offered by all companies across all sectors. These resets offer a guaranteed minimum yield at reset time. The minimum rate limits your downside risk while at the same time you get to participate on the upside if rates go up. A great holding for all investors looking for guaranteed yields. We present the information in an easy to view and understand format.  As a result you can pick the right share to purchase or sell.

Compare Minimum Rate Reset Preferred Shares Process

This type of asset within the preferred share world is, in a way, unique. It offers the safety of a perpetual by providing a minimum fixed yield.

  1. Just like a perpetual you are guaranteed a set dividend. In this case the dividend is a minimum set at issue time. You can rest assured that no matter what the rate, you are going to receive the mimimum guaranteed dividend. In other words, your downside is defined and you can plan accordingly.
  2. Similar to a reset, it offers protection against inflation. If rates go up to the point where the 5Yr plus the spread exceeds the minimum, you will end up getting the higher yield. This is a great way to participate to the upside when interest rates move up.

I feel this type of share is one where you buy and forget. No matter what happens with interest rates you end up getting a fair deal at reset.

Sort the table on column “Fixed Rate Base” for easier parsing of the data. Check the Minimum rate and the spread over the 5Yr rate.  Use “New Spread (%Increase | value)” to find the discount / premium currently assigned to it.

Conclusion

We expect each investor to review the various metrics, and make a determination on the totality of their values. While at the same time expressing their personal investing style. In other words we present you with the information and you make a choice you are comfortable with.

If you need more information on how to use the metrics below, see our how to YouTube video  or our post how to pick the best preferred share of a company.

 

Table To Compare Minimum Rate Reset Preferred Shares

Last Updated: Market Data Jun-05 16:52, Model Metrics Jun-05 16:56
Credit RatingSymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield | Dividend)
Reset (Yield | Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield | Dividend)follow link passed the end of the table to see definition
Reset Date Y/M/DRate Increase (percent | to value )New Spread (%Increase | value)Years To Double Initial InvestmentP/E RatioMarket Cap In BillionsName
Pfd3LECN-A $19.02$23.56$11.755YR MIN 6.5% + 5.44%08.57% | $1.6308.54% | $1.6208.53% | $1.622021DEC31031% | 7.83%023% | 6.74%8.419250.531.16 BECN Capital Corp. 6.50%, Series A
Pfd3LECN-C $18.71$22.91$11.745YR MIN 6.25% + 5.19%08.34% | $1.5608.35% | $1.5608.33% | $1.562022JUN30033% | 7.63%025% | 6.49%8.643250.531.16 BECN Capital Corp. 6.25%, Series C
Pfd3BPO-I $15.25$21.26$11.505YR MIN 4.85% + 3.23%07.95% | $1.2107.95% | $1.2107.93% | $1.212022DEC31064% | 6.15%039% | 4.49%9.059  Brookfield Office Properties Inc. 4.85%, Series II
Pfd3BPO-G $15.3$22.24$11.695YR MIN 4.85% + 3.32%07.92% | $1.2107.92% | $1.2107.90% | $1.212022JUN30063% | 6.27%038% | 4.60%9.092  Brookfield Office Properties Inc. 4.85%, Series GG
Pfd3BPO-E $16.16$23.56$12.265YR MIN 5.1% + 3.96%07.90% | $1.2807.89% | $1.2707.87% | $1.272022MAR31054% | 6.93%035% | 5.36%9.112  Brookfield Office Properties Inc. 5.10%, Series EE
Pfd3BPO-C $19.9$26.39$15.035YR MIN 6% + 5.19%07.54% | $1.5007.53% | $1.5 07.53% | $1.5 2021JUN30025% | 7.17%020% | 6.24%9.527  Brookfield Office Properties Inc. 6.00%, Series CC
Pfd3LAX-I $20$26.16$15.825YR MIN 6% + 3.93%07.50% | $1.5007.50% | $1.5 07.50% | $1.5 2023APR30024% | 5.56%020% | 4.71%9.575#N/A1.10 BArtis REIT 6.00%, Series I
Pfd3HEFN-I $21.39$24.78$14.575YR MIN 5.75% + 4.64%06.73% | $1.4406.72% | $1.4306.70% | $1.432022JUN30016% | 6.03%014% | 5.31%10.6388.954.61 BElement Financial Corp. 5.75%, Series I
Pfd3PPL.PF.E $19.9$24.96$11.655YR MIN 5.2% + 3.51%06.63% | $1.3206.53% | $1.3 06.58% | $1.312023FEB15025% | 5.06%020% | 4.22%10.7913.9220.5 BPPL Series 25 Shares, KML Series 3 min 5.2
Pfd3PPL.PF.A $18.55$24.84$11.695YR MIN 4.9% + 3.26%06.60% | $1.2306.60% | $1.2206.60% | $1.222023MAR01034% | 5.09%025% | 4.10%10.8413.9220.5 BClass A Preferred Shares, Series 21
Pfd3PPL.PF.C $20.17$25.57$11.805YR MIN 5.25% + 3.65%06.49% | $1.3106.50% | $1.3106.49% | $1.312023FEB15024% | 5.17%019% | 4.35%11.0213.9220.5 BPPL Series 23 Shares
NRBIP-F $19.97$23.25$15.025YR MIN 5.10% + 2.92%06.41% | $1.2806.38% | $1.2706.38% | $1.272023MAR31025% | 4.31%020% | 3.50%11.15284.2718.2 BBrookfield Infrastructure Partners L.P. 5.10%, Series 11
Pfd3LALA-K ALA.PR.K $19.77$23.31$12.405YR MIN 5% + 3.80%06.33% | $1.2506.32% | $1.2506.32% | $1.252022MAR31026% | 5.46%020% | 4.59%11.2910.714.54 BAltaGas Ltd. 5% Series K
NRBIP-E $19.95$23.10$15.005YR MIN 5.00% + 3.00%06.27% | $1.2506.26% | $1.2506.26% | $1.252023DEC31025% | 4.41%020% | 3.60%11.39284.2718.2 BBrookfield Infrastructure Partners L.P. 5.00%, Series 9
Pfd3LCPX-K $23.2$25.95$16.955YR MIN 5.75% + 4.15%06.20% | $1.4406.19% | $1.4306.19% | $1.432024JUN30007% | 5.03%007% | 4.44%11.52222.213.05 BCapital Power Corp. 5.75%, Series 11
Pfd3PPL-M $23.3$26.30$13.955YR MIN 5.75% + 4.96%06.18% | $1.4406.17% | $1.4306.15% | $1.432023MAR01007% | 5.88%006% | 5.29%11.5513.9220.5 BPembina Pipeline Corp 5.75% PREF SER 13
Pfd3PPL-K $23.3$26.15$14.515YR MIN 5.75% + 5.00%06.18% | $1.4406.17% | $1.4306.14% | $1.432021MAR01007% | 5.92%006% | 5.34%11.5513.9220.5 BPembina Pipeline Corp 5.75% PREF SER 11
Pfd3LCPX-G $24.27$26.38$18.035YR MIN 6% + 5.26%06.18% | $1.5006.18% | $1.5 06.18% | $1.5 2021DEC31002% | 5.95%002% | 5.41%11.55222.213.05 BCapital Power Corp. 6.00%, Series 7
Pfd3LCPX-I $23.4$25.99$17.005YR MIN 5.75% + 4.12%06.15% | $1.4406.14% | $1.4306.12% | $1.432022SEP30006% | 4.96%006% | 4.38%11.61222.213.05 BCapital Power Corp. 5.75%, Series 9
NRBIP-D $20.35$23.73$15.075YR MIN 5.00% + 3.78%06.14% | $1.2506.14% | $1.2506.14% | $1.252022MAR31022% | 5.28%018% | 4.48%11.62284.2718.2 BBrookfield Infrastructure Partners L.P. 5.00%, Series 7
Pfd3LALA-I ALA.PR.I $21.50$24.70$12.005YR MIN 5.25% + 4.19%06.10% | $1.3106.10% | $1.3106.09% | $1.312020DEC31016% | 5.48%014% | 4.77%11.7010.714.54 BAltaGas Ltd. 5.25% Series I
NRBIK-A $24.01$26.70$15.505YR MIN 5.85% + 3.96%06.09% | $1.4606.09% | $1.4606.08% | $1.452024MAR31004% | 4.66%003% | 4.11%11.72284.2718.2 BBrookfield Infrastructure Partners L.P. 5.85%, Series 1
NRBIP-C $22.34$25.79$15.515YR MIN 5.35% + 4.64%06.00% | $1.3405.98% | $1.3305.96% | $1.332021SEP30011% | 5.77%010% | 5.13%11.89284.2718.2 BBrookfield Infrastructure Partners L.P. 5.35%, Series 5
Pfd3HBEP-O $24$25.82$15.555YR MIN 5.75% + 3.49%05.99% | $1.4405.99% | $1.4305.98% | $1.432024APR30004% | 4.18%004% | 3.62%11.91#N/A11.6 BBrookfield Renewable Partners L.P. 5.75%, Series 15
Pfd3HBEP-M $21$23.65$14.755YR MIN 5.0% + 3.00%05.96% | $1.2505.95% | $1.2505.95% | $1.252023APR30019% | 4.19%016% | 3.48%11.97#N/A11.6 BBrookfield Renewable Partners L.P. 5.00%, Series 13
Pfd3HBEP-K $21.02$24.00$14.525YR MIN 5.0% + 3.28%05.96% | $1.2505.94% | $1.2505.94% | $1.252022APR30018% | 4.52%015% | 3.80%11.97#N/A11.6 BBrookfield Renewable Partners L.P. 5.00%, Series 11
Pfd3HBEP-I $24.13$26.39$17.005YR MIN 5.75% + 5.01%05.95% | $1.4405.95% | $1.4305.93% | $1.432021JUL31003% | 5.73%003% | 5.18%11.99#N/A11.6 BBrookfield Renewable Partners L.P. 5.75%, Series 9
Pfd3HBEP-G $23.16$25.62$15.905YR MIN 5.5% + 4.47%05.94% | $1.3805.93% | $1.3705.91% | $1.372021JAN31008% | 5.39%007% | 4.79%12.01#N/A11.6 BBrookfield Renewable Partners L.P. 5.50%, Series 7
NRBIP-B $23.71$25.79$16.015YR MIN 5.5% + 4.53%05.82% | $1.3805.79% | $1.3705.78% | $1.372020DEC31005% | 5.32%005% | 4.76%12.25284.2718.2 BBrookfield Infrastructure Partners L.P. 5.50%, Series 3
Pfd3HENB.PF.K $21.35$25.05$15.205YR MIN 4.9% + 3.17%05.74% | $1.2305.73% | $1.2205.73% | $1.222023MAR01017% | 4.32%014% | 3.63%12.4145.2867.5 BEnbridge Inc. 4.90%, Series 19
Pfd3HENB.PF.I $23.12$26.30$16.375YR MIN 5.15% + 4.14%05.54% | $1.2805.56% | $1.2805.53% | $1.282022MAR01008% | 5.04%007% | 4.45%12.8545.2867.5 BEnbridge Series 17, Cumulative Redeemable Preference Shares
Pfd2LTRP-J $25.01$26.60$18.805YR MIN 5.5% + 4.69%05.48% | $1.3705.49% | $1.3705.47% | $1.372021MAY31000% | 5.21%-0% | 4.68%12.9911.42118 BTC Energy - Series 13
Pfd3HW-K $24.5$26.22$15.765YR MIN 5.25% + 4.26%05.35% | $1.3105.35% | $1.3105.34% | $1.312021JAN15002% | 4.88%002% | 4.34%13.2945.2867.5 BWestcoast Energy Inc. 5.25%, Series 10
Pfd2LTRP-K $23.10$26.00$16.455YR MIN 4.9% + 3.85%05.28% | $1.2205.30% | $1.2205.28% | $1.222022MAY31008% | 4.73%007% | 4.14%13.4611.42118 BTC Energy-series 15
Pfd3HW-M $24.81$26.21$15.755YR MIN 5.20% + 4.52%05.24% | $1.3005.24% | $1.3 05.23% | $1.3 2021OCT15000% | 5.08%000% | 4.55%13.5645.2867.5 BWestcoast Energy Inc. 5.20%, Series 12
Pfd2LBAM.PF.H $24.8$26.10$17.205YR MIN 5% + 4.17%05.05% | $1.2505.04% | $1.2505.04% | $1.252020DEC31000% | 4.73%000% | 4.20%14.0739.7757.1 BBrookfield Asset Management Inc. 5.00%, Series 44
NREMA-H $24.62$25.50$19.145YR MIN 4.9% + 2.54%05.00% | $1.2304.97% | $1.2204.97% | $1.222023AUG15001% | 3.11%001% | 2.57%14.20  Cumulative Emera Inc. Min 4.90%, Series H
Pfd2LBAM.PF.J $24$25.40$16.525YR MIN 4.75% + 3.10%04.95% | $1.1904.94% | $1.1804.93% | $1.182022DEC31004% | 3.77%004% | 3.22%14.3439.7757.1 BBrookfield Asset Management Inc. 4.75%, Series 48
Pfd2LBAM.PF.I $24.5$26.19$16.625YR MIN 4.8% + 3.85%04.90% | $1.2004.89% | $1.2 04.89% | $1.2 2022MAR31002% | 4.46%002% | 3.92%14.4839.7757.1 BBrookfield Asset Management Inc. 4.80%, Series 46
Pfd2HCU-I $25$26.18$17.035YR MIN 4.5% + 3.69%04.52% | $1.1304.50% | $1.1204.48% | $1.122020DEC01000% | 4.21%000% | 3.69%15.6710.909.04 BCanadian Utilities Ltd. 4.50%, Series FF