Preferreds Resetting Within 180 Days
This is a list of all Canadian preferred shares about to reset within the next 180 days. Preferreds Resetting Within 180 Days, will get a new yield and dividend payout. Thus, having an impact to your portfolio if you are holding this issue. This is the time you should review and re-evaluate your long term plan for this issue.
A month before the issue resets, the issuer will announce the new rate and dividend. For the next 5 years this issue is guaranteed to pay out the new dividend. If you are happy with the new numbers you can keep holding the position.
Once the new yield is declared by the issuer, we will apply the changes to this issue in our database. Consequently, this issue will not appear on the list for the next 5 years. In some case issues to reset within 30 days will not appear once we have set the new yield as declared by the issuer.
Some of the issues about to reset offer the holder an opportunity of converting to 3 month floating version of the same issue. The rules for the conversion can be found on the issuer’s prospectus.