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 Aug-12 18:31, Model Metrics Aug-12 18:41
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 BillionsOutstanding FloatName
Pfd3LECN-C ECN.PR.C CA26829L6026 $20.00$22.91$11.745YR MIN 6.25% + 5.19%07.80% | $1.560007.81% | $1.5607.80% | $1.562022JUN30025% | 7.01%020% | 6.22%9.224272.871.23 B4,000,000ECN Capital Corp. 6.25%, Series C
Pfd3BPO-E BPO.PR.E CA1129006427 $16.71$23.56$12.265YR MIN 5.1% + 3.96%07.64% | $1.276007.63% | $1.2707.61% | $1.272022MAR31049% | 6.55%033% | 5.27%9.406  11,000,000Brookfield Office Properties Inc. 5.10%, Series EE
Pfd3BPO-I BPO.PR.I CA1129005924 $15.99$21.26$11.505YR MIN 4.85% + 3.23%07.58% | $1.212007.58% | $1.2107.57% | $1.212022DEC31056% | 5.71%036% | 4.39%9.478  10,000,000Brookfield Office Properties Inc. 4.85%, Series II
Pfd3LECN-A ECN.PR.A CA26829L4047 $21.50$23.56$11.755YR MIN 6.5% + 5.44%07.58% | $1.630007.55% | $1.6207.54% | $1.622021DEC31016% | 6.81%014% | 6.20%9.478272.871.23 B4,000,000ECN Capital Corp. 6.50%, Series A
Pfd3BPO-G BPO.PR.G CA1129006260 $16.03$22.24$11.695YR MIN 4.85% + 3.32%07.56% | $1.212007.56% | $1.2107.55% | $1.212022JUN30055% | 5.83%035% | 4.51%9.502  11,000,000Brookfield Office Properties Inc. 4.85%, Series GG
Pfd3BPO-C BPO.PR.C CA1129006674 $21.20$26.39$15.035YR MIN 6% + 5.19%07.08% | $1.500007.07% | $1.5 07.07% | $1.5 2021JUN30018% | 6.62%015% | 5.97%10.13  8,000,000Brookfield Office Properties Inc. 6.00%, Series CC
Pfd3LAX-I AX.PR.I CA04315L8657 $21.82$26.16$15.825YR MIN 6% + 3.93%06.87% | $1.500006.87% | $1.5 06.87% | $1.5 2023APR30014% | 4.98%012% | 4.42%10.42468.161.19 B4,965,540Artis REIT 6.00%, Series I
Pfd3PPL.PF.E PPL.PF.E CA7063277239 $21.04$24.96$11.655YR MIN 5.2% + 3.51%06.27% | $1.320006.17% | $1.3 06.22% | $1.302023FEB15018% | 4.67%015% | 4.06%11.3920.3419.7 B10,000,000PPL Series 25 Shares, KML Series 25 min 5.2
Pfd3HEFN-I EFN.PR.I CA2861816643 $23.15$24.78$14.575YR MIN 5.75% + 4.64%06.22% | $1.440006.21% | $1.4306.19% | $1.432022JUN30007% | 5.46%007% | 4.98%11.48102.364.90 B6,000,000Element Financial Corp. 5.75%, Series I
Pfd3PPL.PF.A PPL.PF.A CA7063277643 $19.99$24.84$11.695YR MIN 4.9% + 3.26%06.13% | $1.225006.12% | $1.2206.11% | $1.222023MAR01025% | 4.60%020% | 3.91%11.6420.3419.7 B16,000,000Class A Preferred Shares, Series 21
Pfd3PPL.PF.C PPL.PF.C CA7063277494 $21.72$25.57$11.805YR MIN 5.25% + 3.65%06.03% | $1.310006.04% | $1.3106.03% | $1.312022NOV15015% | 4.68%013% | 4.12%11.8320.3419.7 B12,000,000PPL Series 23 Shares
Pfd3LCPX-I CPX.PR.I CA14042M8622 $23.96$25.99$17.005YR MIN 5.75% + 4.12%06.01% | $1.440006.00% | $1.4305.98% | $1.432022SEP30004% | 4.74%004% | 4.29%11.87#N/A3.09 B6,000,000Capital Power Corp. 5.75%, Series 9
Pfd3HBEP-G BEP.PR.G BMG162581323 $22.98$25.62$15.905YR MIN 5.5% + 4.47%05.99% | $1.376005.98% | $1.3705.96% | $1.372021JAN31008% | 5.32%008% | 4.83%11.91#N/A10.6 B7,000,000Brookfield Renewable Partners L.P. 5.50%, Series 7
NRBIP-E BIP.PR.E BMG162522004 $20.89$23.10$15.005YR MIN 5.00% + 3.00%05.98% | $1.2500005.98% | $1.2505.98% | $1.252023DEC31019% | 4.09%016% | 3.49%11.93150.1418.9 B7,986,595Brookfield Infrastructure Partners L.P. 5.00%, Series 9
Pfd3LCPX-G CPX.PR.G CA14042M8887 $25.13$26.38$18.035YR MIN 6% + 5.26%05.97% | $1.500005.96% | $1.5 05.96% | $1.5 2021DEC31-0% | 5.65%-0% | 5.23%11.95#N/A3.09 B8,000,000Capital Power Corp. 6.00%, Series 7
Pfd3PPL-M PPL.PR.M CA7063278559 $24.19$26.30$13.955YR MIN 5.75% + 4.96%05.95% | $1.440005.94% | $1.4305.91% | $1.432021JUN01003% | 5.56%003% | 5.12%11.9920.3419.7 B10,000,000Pembina Pipeline Corp 5.75% PREF SER 13
Pfd3PPL-K PPL.PR.K CA7063278716 $24.25$26.15$14.515YR MIN 5.75% + 5.00%05.94% | $1.440005.92% | $1.4305.89% | $1.432021MAR01003% | 5.59%003% | 5.15%12.0120.3419.7 B6,800,000Pembina Pipeline Corp 5.75% PREF SER 11
NRBIP-F BIP.PR.F BMG162522269 $21.58$23.25$15.025YR MIN 5.10% + 2.92%05.93% | $1.2800005.90% | $1.2705.90% | $1.272023MAR31015% | 3.87%013% | 3.31%12.03150.1418.9 B9,936,190Brookfield Infrastructure Partners L.P. 5.10%, Series 11
Pfd3HBEP-O BEP.PR.O BMG162582156 $24.39$25.82$15.555YR MIN 5.75% + 3.49%05.89% | $1.437505.89% | $1.4305.88% | $1.432024APR30002% | 4.01%002% | 3.57%12.11#N/A10.6 B7,000,000Brookfield Renewable Partners L.P. 5.75%, Series 15
Pfd3HBEP-I BEP.PR.I BMG162581653 $24.36$26.39$17.005YR MIN 5.75% + 5.01%05.89% | $1.436005.90% | $1.4305.87% | $1.432021JUL31002% | 5.57%002% | 5.13%12.11#N/A10.6 B8,000,000Brookfield Renewable Partners L.P. 5.75%, Series 9
Pfd3LCPX-K CPX.PR.K CA14042M8473 $24.39$25.95$16.955YR MIN 5.75% + 4.15%05.89% | $1.437605.89% | $1.4305.88% | $1.432024JUN30002% | 4.68%002% | 4.25%12.11#N/A3.09 B6,000,000Capital Power Corp. 5.75%, Series 11
NRBIK-A BIK.PR.A CA09075W2094 $24.89$26.70$15.505YR MIN 5.85% + 3.96%05.88% | $1.4625005.87% | $1.4605.87% | $1.462024MAR31000% | 4.40%000% | 3.97%12.13150.1418.9 B4,000,000Brookfield Infrastructure Partners L.P. 5.85%, Series 1
Pfd3HBEP-M BEP.PR.M BMG162584053 $21.52$23.65$14.755YR MIN 5.0% + 3.00%05.82% | $1.252005.80% | $1.2505.81% | $1.252023APR30016% | 3.97%013% | 3.41%12.25#N/A10.6 B10,000,000Brookfield Renewable Partners L.P. 5.00%, Series 13
Pfd3LALA-I ALA.PR.I CA0213618527 $22.64$24.70$12.005YR MIN 5.25% + 4.19%05.80% | $1.3105.79% | $1.3105.78% | $1.312020DEC31010% | 5.09%009% | 4.58%12.2912.535.06 B8,000,000AltaGas Ltd. 5.25% Series I
Pfd3HBEP-K BEP.PR.K BMG162581992 $21.71$24.00$14.525YR MIN 5.0% + 3.28%05.77% | $1.252005.75% | $1.2505.76% | $1.252022APR30015% | 4.26%013% | 3.71%12.35#N/A10.6 B10,000,000Brookfield Renewable Partners L.P. 5.00%, Series 11
Pfd3LALA-K ALA.PR.K CA0213618378 $21.68$23.31$12.405YR MIN 5% + 3.80%05.77% | $1.2505.76% | $1.2505.76% | $1.252022MAR31015% | 4.87%013% | 4.30%12.3512.535.06 B12,000,000AltaGas Ltd. 5% Series K
NRBIP-D BIP.PR.D BMG162521840 $22.09$23.73$15.075YR MIN 5.00% + 3.78%05.66% | $1.2500005.65% | $1.2505.65% | $1.252022MAR31013% | 4.75%011% | 4.22%12.58150.1418.9 B11,979,750Brookfield Infrastructure Partners L.P. 5.00%, Series 7
NRBIP-C BIP.PR.C BMG162521683 $23.73$25.79$15.515YR MIN 5.35% + 4.64%05.65% | $1.3400005.63% | $1.3305.61% | $1.332021SEP30005% | 5.33%005% | 4.87%12.61150.1418.9 B9,986,588Brookfield Infrastructure Partners L.P. 5.35%, Series 5
NRBIP-B BIP.PR.B BMG162521436 $24.84$25.79$16.015YR MIN 5.5% + 4.53%05.56% | $1.3800005.53% | $1.3705.51% | $1.372020DEC31000% | 4.98%000% | 4.55%12.81150.1418.9 B4,989,262Brookfield Infrastructure Partners L.P. 5.50%, Series 3
Pfd3HENB.PF.K ENB.PF.K CA29250N5192 $22.41$25.05$15.205YR MIN 4.9% + 3.17%05.47% | $1.225005.46% | $1.2205.45% | $1.222023MAR01011% | 4.00%010% | 3.49%13.0247.468.7 B20,000,000Enbridge Inc. 4.90%, Series 19
Pfd2LTRP-J TRP.PR.J CA87807B8345 $25.31$26.60$18.805YR MIN 5.5% + 4.69%05.41% | $1.370005.43% | $1.3705.41% | $1.372021MAY31-1% | 5.05%-1% | 4.63%13.1511.2487.1 B20,000,000TC Energy - Series 13
Pfd3HENB.PF.I ENB.PF.I CA29250N5358 $24.39$26.30$16.375YR MIN 5.15% + 4.14%05.25% | $1.280005.27% | $1.2805.24% | $1.282022MAR01002% | 4.67%002% | 4.24%13.5447.468.7 B30,000,000Enbridge Series 17, Cumulative Redeemable Preference Shares
Pfd3HW-K W.PR.K CA95751D8474 $25.03$26.22$15.765YR MIN 5.25% + 4.26%05.23% | $1.310005.24% | $1.3105.23% | $1.312021JAN15-0% | 4.67%-0% | 4.25%13.5947.468.7 B4,000,000Westcoast Energy Inc. 5.25%, Series 10
Pfd3HW-M W.PR.M CA95751D1289 $24.84$26.21$15.755YR MIN 5.20% + 4.52%05.23% | $1.300005.23% | $1.3 05.23% | $1.3 2021OCT15000% | 4.97%000% | 4.54%13.5947.468.7 B12,000,000Westcoast Energy Inc. 5.20%, Series 12
Pfd2LTRP-K TRP.PR.K CA87807B8188 $24.20$26.00$16.455YR MIN 4.9% + 3.85%05.04% | $1.220005.06% | $1.2205.04% | $1.222022MAY31003% | 4.41%003% | 3.97%14.0911.2487.1 B40,000,000TC Energy-series 15
Pfd2LBAM.PF.H CA1125854846 $24.94$26.10$17.205YR MIN 5% + 4.17%05.02% | $1.252005.01% | $1.2505.01% | $1.252020DEC31000% | 4.60%000% | 4.18%14.1537.1353.3 B9,831,929Brookfield Asset Management Inc. 5.00%, Series 44
Pfd2LBAM.PF.J CA1125854275 $24.16$25.40$16.525YR MIN 4.75% + 3.10%04.92% | $1.188004.91% | $1.1804.89% | $1.182022DEC31003% | 3.64%003% | 3.20%14.4337.1353.3 B11,885,972Brookfield Asset Management Inc. 4.75%, Series 48
NREMA-H EMA.PR.H CA2908768617 $25.02$25.50$19.145YR MIN 4.9% + 2.54%04.92% | $1.230004.89% | $1.2204.89% | $1.222023AUG15000% | 2.96%-0% | 2.53%14.43  12,000,000Cumulative Emera Inc. Min 4.90%, Series H
Pfd2LBAM.PF.I CA1125854507 $24.55$26.19$16.625YR MIN 4.8% + 3.85%04.89% | $1.200004.88% | $1.2 04.88% | $1.2 2022MAR31001% | 4.35%001% | 3.91%14.5137.1353.3 B11,740,797Brookfield Asset Management Inc. 4.80%, Series 46
Pfd2HCU-I CU.PR.I CA1367176262 $25.24$25.98$17.035YR MIN 4.5% + 3.69%04.48% | $1.130004.45% | $1.1204.43% | $1.122020DEC01-0% | 4.07%-0% | 3.65%15.8115.139.09 B10,000,000Canadian Utilities Ltd. 4.50%, Series FF