Which Bank of Montreal Preferred should I Buy - canadianpreferredshares.ca


 
 

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 0.025%
  • Scenario 2: 5YR GOC Rate is set at 0.75%
  • Scenario 3: 5YR GOC Rate is set at 1.25%
  • Scenario 4: 5YR GOC Rate is set at 1.75%
  • Scenario 5: 5YR GOC Rate is set at 2.25%
  • Scenario 6: 5YR GOC Rate is set at 2.75%

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 Sep-20 20:21, Model Metrics Sep-20 20:52
Credit RatingSymbolReset Date Y/M/DCurrent (Yield Dividend)
5Yr @ 0.025%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.025%.
5Yr @ 0.025%. Blended (Yield Dividend)5Yr @ 0.025%. Rate Change (percent | to value )
5Yr @ 0.75%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.75%.
5Yr @ 0.75%. Blended (Yield Dividend)5Yr @ 0.75%. Rate Change (percent | to value )
5Yr @ 1.25%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 1.25%.
5Yr @ 1.25%. Blended (Yield Dividend)5Yr @ 1.25%. Rate Change (percent | to value )
Pfd2HBMO-Q BMO.PR.Q CA0636792032 2021AUG2501.80% $0.45001.17% $0.2901.17% $0.29-0% 1.17%1.90% $0.4701.89% $0.47000% 1.90%2.40% $0.6 02.39% $0.6 000% 2.40%
Pfd2HBMO-S BMO.PR.S CA0636794012 2024MAY2503.95% $0.96302.41% $0.5803.18% $0.77002% 2.41%3.16% $0.7703.55% $0.86002% 3.16%3.67% $0.8903.80% $0.92002% 3.67%
Pfd2HBMO-T BMO.PR.T CA0636796090 2024AUG2503.76% $0.90602.35% $0.5603.12% $0.75003% 2.35%3.10% $0.7403.46% $0.83003% 3.10%3.62% $0.8703.69% $0.89003% 3.62%
Pfd2HBMO-W BMO.PR.W CA0636798807 2024NOV2503.97% $0.96282.32% $0.5603.30% $0.80003% 2.32%3.06% $0.7403.60% $0.87003% 3.06%3.58% $0.8603.81% $0.92003% 3.58%
Pfd2HBMO-Y BMO.PR.Y CA06367X2005 2025AUG2503.07% $0.76352.75% $0.6802.99% $0.74000% 2.75%3.48% $0.8603.17% $0.78000% 3.48%3.99% $0.9903.30% $0.82000% 3.99%
Pfd2HBMO-B BMO.PR.B CA06367X7053 2022FEB2504.75% $1.21004.01% $1.0204.04% $1.02-1% 4.01%4.72% $1.2004.71% $1.20-1% 4.72%5.21% $1.3305.19% $1.32-1% 5.21%
Pfd2HBMO-C BMO.PR.C CA06368A2092 2022MAY2504.48% $1.13003.33% $0.8303.44% $0.86-0% 3.33%4.05% $1.0204.09% $1.03-0% 4.05%4.54% $1.1504.55% $1.14-0% 4.54%
Pfd2HBMO-D BMO.PR.D CA06367X8879 2022AUG2504.35% $1.10003.16% $0.7903.33% $0.84-1% 3.16%3.87% $0.9803.94% $0.99-1% 3.87%4.37% $1.1104.37% $1.10-1% 4.37%
Pfd2HBMO-E BMO.PR.E CA06368B2075 2023NOV2504.73% $1.21002.64% $0.6703.47% $0.88-2% 2.64%3.35% $0.8503.90% $0.99-2% 3.35%3.84% $0.9804.19% $1.07-2% 3.84%
Pfd2HBMO-F BMO.PR.F CA06368B1085 2024MAY2504.74% $1.27403.29% $0.8804.01% $1.07-7% 3.29%3.97% $1.0704.36% $1.17-6% 3.97%4.43% $1.1904.58% $1.23-6% 4.43%




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
  1. The yield has an inverse relationshlp to the share price. As the share price rises towards face value the yield gets lower.
  2. 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.

  1. BMO.PR.Q – Series 25
  2. BMO.PR.A – Series 26
  3. BMO.PR.S – Series 27
  4. BMO.PR.T – Series 29
  5. BMO.PR.W – Series 31
  6. BMO.PR.Y – Series 33
  7. BMO.PR.Z – Series 35
  8. BMO.PR.B – Series 38
  9. BMO.PR.C – Series 40
  10. BMO.PR.D – Series 42
  11. BMO.PR.E – Series 44
  12. BMO.PR.F – Series 46

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:

  1. BMO Brief Overview
  2. Latest BMO Credit Ratings
  3. BMO Common Share Metrics
  4. Overall Preferred Share Metrics across all BMO preferreds
Which Bank of Montreal Preferred should I Buy - canadianpreferredshares.ca

Additional Information

Continue to BMO Preferreds Consolidated Short Position Report page 3 of 4 where you can find

  1. Consolidated Short Position Reports for each BMO Preferred