Which National Bank Preferred Should I Buy
This compare tool helps you determine Which National Bank Preferred you Should Buy. In this section we provide additional information to help you make the right decision. This information includes
- 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.
- A line graph chart with the historical yields of all preferreds issued.
- Links to the prospectus of each preferred.
Reset Scenarios Based on Various G.O.C. 5 Year Bond Yield Rates
- 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
| 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 ) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pfd2 | NA-S NA.PR.S CA6330673196 | 2029MAY15 | 06.15% $1.5478 | 3.88% $0.97 | 05.92% $1.49 | -0% 3.88% | 4.37% $1.10 | 05.97% $1.50 | -0% 4.37% | 4.87% $1.23 | 06.02% $1.51 | -0% 4.87% |
| Pfd2 | NA-W NA.PR.W CA6330672859 | 2025FEB15 | 03.82% $0.9596 | 3.74% $0.93 | 03.74% $0.93 | -0% 3.74% | 4.23% $1.06 | 04.20% $1.05 | -0% 4.23% | 4.73% $1.19 | 04.69% $1.17 | -0% 4.73% |
| Pfd2 | NA-C NA.PR.C CA6330672289 | 2027NOV15 | 06.63% $1.7568 | 4.65% $1.23 | 05.83% $1.54 | -5% 4.65% | 5.12% $1.36 | 06.03% $1.59 | -5% 5.12% | 5.59% $1.48 | 06.21% $1.64 | -5% 5.59% |
| Pfd2 | NA-E NA.PR.E CA6330671943 | 2028MAY15 | 05.82% $1.4545 | 4.08% $1.02 | 05.29% $1.32 | 000% 4.08% | 4.58% $1.15 | 05.45% $1.36 | 000% 4.58% | 5.08% $1.27 | 05.59% $1.39 | 000% 5.08% |
| Pfd2 | NA-G NA.PR.G CA63306A2056 | 2028NOV15 | 06.72% $1.7640 | 4.07% $1.07 | 06.19% $1.62 | -4% 4.07% | 4.54% $1.19 | 06.28% $1.64 | -4% 4.54% | 5.02% $1.32 | 06.38% $1.67 | -4% 5.02% |
Current yields over time
The graph below shows the current yield of each National Bank 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.
Reset yields over time
The graph below shows the projected reset yield of each National Bank 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
- This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
- This is a what if scenario. If the preferred was to reset today this would be the new yield.
National Bank Preferred Shares – Prospectus Information
Prospectus Information for each of the National Bank Preferreds is available in the links below. Going over the main parts of the prospectus will ensure you are looking at the right preferred.
NA.PR.A CA6330672446 Series 36
NA.PR.C CA6330672289 Series 38
NA.PR.E CA6330671943 Series 40
NA.PR.G CA63306A2056 Series 42
NA.PR.S CA6330673196 Series 30
NA.PR.W CA6330672859 Series 32
NA.PR.X CA6330672693 Series 34
Press Release Summaries
Click here to see the latest press releases related to National preferred shares.
Additional Information
Continue to Which National Bank should I Buy – Page 1 of 4 where you can find:
- National Bank Brief Overview
- Latest National Bank Credit Ratings
- National Bank Common Share Metrics
- Overall Preferred Share Metrics across all National Bank preferreds
Additional Information
Continue to National Bank Preferreds Consolidated Short Position Report page 3 of 4 where you can find
- Consolidated Short Position Reports for each National Bank Preferred