Which National Bank Preferred should I Buy - www.canadianpreferredshares.ca

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

  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 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-22 20:06, Model Metrics 2024-Apr-22 20:34
Credit RatingSymbolReset Date Y/M/DCurrent (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 )
Pfd2NA-S NA.PR.S CA6330673196 2029MAY1506.77% $1.54784.27% $0.9706.77% $1.54009% 4.27%4.81% $1.1006.77% $1.54009% 4.81%5.36% $1.2306.77% $1.54009% 5.36%
Pfd2NA-W NA.PR.W CA6330672859 2025FEB1504.42% $0.95964.32% $0.9304.34% $0.94015% 4.32%4.90% $1.0604.79% $1.03015% 4.90%5.47% $1.1905.27% $1.14015% 5.47%
Pfd2NA-C NA.PR.C CA6330672289 2027NOV1506.91% $1.75684.85% $1.2306.39% $1.62-1% 4.85%5.34% $1.3606.52% $1.65-1% 5.34%5.84% $1.4806.64% $1.68-1% 5.84%
Pfd2NA-E NA.PR.E CA6330671943 2028MAY1506.50% $1.45454.56% $1.0206.20% $1.38011% 4.56%5.12% $1.1506.29% $1.40011% 5.12%5.67% $1.2706.37% $1.42011% 5.67%
Pfd2NA-G NA.PR.G CA63306A2056 2028NOV1506.92% $1.76404.19% $1.0706.78% $1.72-1% 4.19%4.68% $1.1906.80% $1.73-1% 4.68%5.17% $1.3206.83% $1.74-1% 5.17%




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
  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.




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
  1. This yield is projected based on todays 5yr GOC rate plus the spread of the preferred.
  2. 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:

  1. National Bank Brief Overview
  2. Latest National Bank Credit Ratings
  3. National Bank Common Share Metrics
  4. Overall Preferred Share Metrics across all National Bank preferreds
Back To Page 1/4
Which National Bank Preferred should I Buy - www.canadianpreferredshares.ca

Additional Information

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

  1. Consolidated Short Position Reports for each National Bank Preferred
Continue To Page 3/4