Which CIBC Preferred should I Buy - canadianpreferredshares.ca

Which CIBC Preferred Should I Buy

This compare tool helps you determine Which CIBC Preferred you Should Buy. In this section we provide additional information to help you make the right decision. This information includes

  1. A number of what if scenarios for the 5 year resets. The scenarios are based on the various yields of the G.O.C. 5 year bond.
  2. A line graph chart with the historical yields of all preferreds issued.
  3. Links to the prospectus of each preferred.


 
 

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 )
Pfd2CM-Q CM.PR.Q CA1360693909 2025JUL3103.15% $0.78582.82% $0.7003.06% $0.76000% 2.82%3.55% $0.8803.24% $0.81000% 3.55%4.05% $1.0103.37% $0.84000% 4.05%
Pfd2CM-P CM.PR.P CA1360694246 2025JAN3104.01% $0.97722.33% $0.5603.42% $0.83002% 2.33%3.07% $0.7403.68% $0.89002% 3.07%3.58% $0.8703.86% $0.94002% 3.58%
Pfd2CM-R CM.PR.R CA1360702080 2022JUL3104.31% $1.10003.34% $0.8503.48% $0.88-2% 3.34%4.05% $1.0304.07% $1.04-1% 4.05%4.54% $1.1604.51% $1.15-1% 4.54%
Pfd2CM-S CM.PR.S CA1360708772 2023JAN3104.49% $1.13002.46% $0.6102.96% $0.74-0% 2.46%3.18% $0.8 03.50% $0.88-0% 3.18%3.68% $0.9203.88% $0.97-0% 3.68%
Pfd2CM-T CM.PR.T CA1360707949 2024APR3004.91% $1.30003.15% $0.8304.02% $1.06-5% 3.15%3.83% $1.0204.37% $1.16-5% 3.83%4.30% $1.1404.60% $1.22-5% 4.30%
Pfd2CM-O CM.PR.O CA1360694402 2024APR3004.06% $0.92832.56% $0.5803.31% $0.75008% 2.56%3.36% $0.7603.71% $0.84009% 3.36%3.90% $0.8903.98% $0.91009% 3.90%
Pfd2CM-Y CM.PR.Y CA13607G7993 2024JUL3104.83% $1.28723.42% $0.9104.19% $1.11-6% 3.42%4.10% $1.0904.49% $1.19-6% 4.10%4.57% $1.2204.71% $1.25-6% 4.57%




Current yields over time

The graph below shows the current yield of each CIBC 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.

CIBC Preferreds – Prospectus Information

Prospectus Information for each of the CIBC 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. CM.PR.Y – Series 51
  2. CM.PR.O – Series 39
  3. CM.PR.P – Series 41
  4. CM.PR.Q – Series 43
  5. CM.PR.R – Series 45
  6. CM.PR.S – Series 47
  7. CM.PR.T – Series 49

Additional Information

Continue to Which CIBC should I Buy – Page 1 of 3 where you can find:

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

Additional Information

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

  1. Consolidated Short Position Reports for each CIBC Preferred