Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates
The following table presents 6 scenarios, of the issues resetting based on different 5 Year Bond rates. Each scenario consists of 3 columns and grouped by color. The rates assumed for the reset are as follows:
- 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
Last Updated: Market Data 2024-Apr-05 19:07, Model Metrics 2024-Apr-08 20:15
| 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 ) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pfd2H | BMO-S BMO.PR.S CA0636794012 | 2024MAY25 | 03.96% $0.9630 | 3.94% $0.95 | 03.94% $0.95 | 002% 3.94% | 4.46% $1.08 | 04.42% $1.07 | 003% 4.46% | 4.97% $1.21 | 04.93% $1.19 | 002% 4.97% |
| Pfd2H | BMO-T BMO.PR.T CA0636796090 | 2024AUG25 | 03.79% $0.9060 | 3.91% $0.93 | 03.90% $0.93 | 004% 3.91% | 4.44% $1.06 | 04.37% $1.04 | 004% 4.44% | 4.96% $1.19 | 04.86% $1.16 | 004% 4.96% |
| Pfd2H | BMO-W BMO.PR.W CA0636798807 | 2024NOV25 | 04.03% $0.9628 | 3.89% $0.93 | 03.91% $0.93 | 004% 3.89% | 4.42% $1.06 | 04.37% $1.04 | 004% 4.42% | 4.94% $1.18 | 04.80% $1.14 | 004% 4.94% |
| Pfd2H | BMO-Y BMO.PR.Y CA06367X2005 | 2025AUG25 | 03.27% $0.7635 | 4.51% $1.05 | 04.13% $0.96 | 007% 4.51% | 5.05% $1.18 | 04.52% $1.05 | 007% 5.05% | 5.58% $1.30 | 04.88% $1.13 | 007% 5.58% |
| Pfd2H | BMO-E BMO.PR.E CA06368B2075 | 2028NOV25 | 06.77% $1.7040 | 4.16% $1.05 | 06.64% $1.67 | -0% 4.16% | 4.65% $1.17 | 06.66% $1.67 | -0% 4.65% | 5.15% $1.30 | 06.69% $1.68 | -0% 5.15% |
| Pfd2H | BMO-F BMO.PR.F CA06368B1085 | 2024MAY25 | 05.09% $1.2740 | 5.00% $1.25 | 04.99% $1.25 | -0% 5.00% | 5.50% $1.38 | 05.49% $1.37 | -0% 5.50% | 6.00% $1.50 | 05.94% $1.48 | -0% 6.00% |
Current yields over time
The graph below shows the current yield of each Bank of Montreal 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.
BMO Preferreds – Prospectus Information
Prospectus Information for each of the Bank Of Montreal Preferreds is available in the links below. Going over the main parts of the prospectus will ensure you are looking at the right preferred.
Press Release Summaries
Click here to see the latest press releases related to Bank of Montreal preferred shares.
Additional Information
Continue to Which BMO should I Buy – Page 1 of 4 where you can find:
- BMO Brief Overview
- Latest BMO Credit Ratings
- BMO Common Share Metrics
- Overall Preferred Share Metrics across all BMO preferreds
Additional Information
Continue to BMO Preferreds Consolidated Short Position Report page 3 of 4 where you can find
- Consolidated Short Position Reports for each BMO Preferred