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

The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
  4. Rate Change Percent.
  5. Rate Change To Value.
  6. New Spread increase.
  7. New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float. This is the outstanding float for this preferred.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
Last Updated: Market Data Jul-31 09:31, Model Metrics Jul-31 09:35
Credit RatingSymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
Pfd3LECN-A ECN.PR.A CA26829L4047 $25.20$25.70$20.905YR + 5.44% Min_6.5%06.47% $1.6300ECN_Capital_Corp._6.50%,_Series_A
Pfd3LECN-C ECN.PR.C CA26829L6026 $25.25$25.52$19.195YR + 5.19% Min_6.25%06.18% $1.5600ECN_Capital_Corp._6.25%,_Series_C
Pfd3LCPX-G CPX.PR.G CA14042M8887 $25.71$26.22$24.505YR + 5.26% Min_6%05.83% $1.5000Capital_Power_Corp._6.00%,_Series_7
Pfd3LAX-I AX.PR.I CA04315L8657 $25.79$28.50$20.005YR + 3.93% Min_6%05.82% $1.5000Artis_REIT_6.00%,_Series_I
Pfd3BPO-C BPO.PR.C CA1129006674 $26.42$27.00$18.455YR + 5.19% Min_6%05.79% $1.5293Brookfield_Office_Properties_Inc._6.00%,_Series_CC
Pfd3HBEP-I BEP.PR.I BMG162581653 $24.99$25.83$24.115YR + 5.01% Min_5.75%05.75% $1.4360Brookfield_Renewable_Partners_L.P._5.75%,_Series_9
Pfd3LCPX-I CPX.PR.I CA14042M8622 $25.70$26.19$23.005YR + 4.12% Min_5.75%05.60% $1.4400Capital_Power_Corp._5.75%,_Series_9
Pfd3HEFN-I EFN.PR.I CA2861816643 $25.80$26.79$22.805YR + 4.64% Min_5.75%05.58% $1.4400Element_Financial_Corp._5.75%,_Series_I
NRBIK-A BIK.PR.A CA09075W2094 $26.66$27.00$24.185YR + 3.96% Min_5.85%05.49% $1.46250Brookfield_Infrastructure_Partners_L.P._5.85%,_Series_1
Pfd3LCPX-K CPX.PR.K CA14042M8473 $26.60$26.97$23.405YR + 4.15% Min_5.75%05.40% $1.4376Capital_Power_Corp._5.75%,_Series_11
Pfd3HBEP-O BEP.PR.O BMG162582156 $26.94$26.97$23.685YR + 3.49% Min_5.75%05.34% $1.4375Brookfield_Renewable_Partners_L.P._5.75%,_Series_15
Pfd3BPO-I BPO.PR.I CA1129005924 $22.88$23.50$13.905YR + 3.23% Min_4.85%05.30% $1.2120Brookfield_Office_Properties_Inc._4.85%,_Series_II
Pfd3BPO-E BPO.PR.E CA1129006427 $24.08$24.50$14.945YR + 3.96% Min_5.1%05.30% $1.2760Brookfield_Office_Properties_Inc._5.10%,_Series_EE
Pfd3BPO-G BPO.PR.G CA1129006260 $22.90$23.70$14.125YR + 3.32% Min_4.85%05.29% $1.2120Brookfield_Office_Properties_Inc._4.85%,_Series_GG
NRBIP-C BIP.PR.C BMG162521683 $25.31$25.85$22.855YR + 4.64% Min_5.35%05.29% $1.34000Brookfield_Infrastructure_Partners_L.P._5.35%,_Series_5
Pfd3HW-M W.PR.M CA95751D1289 $25.25$26.12$24.415YR + 4.52% Min_5.20%05.15% $1.3000Westcoast_Energy_Inc._5.20%,_Series_12
Pfd3PPL.PF.E PPL.PF.E CA7063277239 $25.82$26.20$20.115YR + 3.51% Min_5.2%05.11% $1.3200PPL_Series_25_Shares,_KML_Series_25_min_5.2
Pfd3HBEP-G BEP.PR.G BMG162581323 $26.96$27.23$22.555YR + 4.47% Min_5.5%05.10% $1.3750Brookfield_Renewable_Partners_L.P._5.50%,_Series_7
Pfd3PPL.PF.C PPL.PF.C CA7063277494 $25.67$26.25$20.805YR + 3.65% Min_5.25%05.10% $1.3100PPL_Series_23_Shares
NRBIP-B BIP.PR.B BMG162521436 $27.13$27.58$23.875YR + 4.53% Min_5.5%05.07% $1.37500Brookfield_Infrastructure_Partners_L.P._5.50%,_Series_3
NRBIP-F BIP.PR.F BMG162522269 $25.45$25.98$20.855YR + 2.92% Min_5.10%05.03% $1.28000Brookfield_Infrastructure_Partners_L.P._5.10%,_Series_11
Pfd3HENB.PF.I ENB.PF.I CA29250N5358 $25.54$25.90$23.655YR + 4.14% Min_5.15%05.01% $1.2800Enbridge_Series_17,_Cumulative_Redeemable_Preference_Shares
Pfd3LALA-K ALA.PR.K CA0213618378 $25.39$25.94$20.865YR + 3.80% Min_5%04.93% $1.25AltaGas_Ltd._5%_Series_K
Pfd3HBEP-M BEP.PR.M BMG162584053 $25.50$26.06$20.995YR + 3.00% Min_5.0%04.91% $1.2520Brookfield_Renewable_Partners_L.P._5.00%,_Series_13
NRBIP-E BIP.PR.E BMG162522004 $25.49$25.69$20.045YR + 3.00% Min_5.00%04.90% $1.25000Brookfield_Infrastructure_Partners_L.P._5.00%,_Series_9
NRBIP-D BIP.PR.D BMG162521840 $25.55$26.19$21.055YR + 3.78% Min_5.00%04.89% $1.25000Brookfield_Infrastructure_Partners_L.P._5.00%,_Series_7
Pfd3HBEP-K BEP.PR.K BMG162581992 $25.72$26.19$21.085YR + 3.28% Min_5.0%04.87% $1.2520Brookfield_Renewable_Partners_L.P._5.00%,_Series_11
Pfd3PPL.PF.A PPL.PF.A CA7063277643 $25.50$25.93$18.965YR + 3.26% Min_4.9%04.80% $1.2250Class_A_Preferred_Shares,_Series_21
Pfd3HENB.PF.K ENB.PF.K CA29250N5192 $25.60$26.05$21.655YR + 3.17% Min_4.9%04.79% $1.2250Enbridge_Inc._4.90%,_Series_19
Pfd2LTRP-K TRP.PR.K CA87807B8188 $25.75$26.11$23.155YR + 3.85% Min_4.9%04.74% $1.2200TC_Energy-series_15
Pfd2LBAM.PF.I CA1125854507 $25.52$25.97$23.205YR + 3.85% Min_4.8%04.70% $1.2000Brookfield_Asset_Management_Inc._4.80%,_Series_46
NREMA-H EMA.PR.H CA2908768617 $26.47$26.91$24.705YR + 2.54% Min_4.9%04.65% $1.2300Cumulative_Emera_Inc._Min_4.90%,_Series_H
Pfd2LBAM.PF.H CA1125854846 $27.13$28.19$23.905YR + 4.17% Min_5%04.61% $1.2500Brookfield_Asset_Management_Inc._5.00%,_Series_44
Pfd2LBAM.PF.J CA1125854275 $25.88$26.42$22.925YR + 3.10% Min_4.75%04.59% $1.1880Brookfield_Asset_Management_Inc._4.75%,_Series_48
Pfd2HCU-I CU.PR.I CA1367176262 $26.87$27.76$24.375YR + 3.69% Min_4.5%04.19% $1.1250Canadian_Utilities_Ltd._4.50%,_Series_FF