Which TC Energy Preferred should I Buy - https://canadianpreferredshares.ca/rank-tc-energy-preferreds/which-tc-energy-preferred-should-i-buy

Which TC Energy Preferred Should I Buy

This compare tool helps you determine Which TC Energy 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 )
Pfd2LTRP-A TRP.PR.A CA87807B2066 2024DEC3104.74% $0.86982.65% $0.4804.00% $0.73035% 2.65%3.64% $0.6604.35% $0.79036% 3.64%4.32% $0.7904.59% $0.84036% 4.32%
Pfd2LTRP-B TRP.PR.B CA87807B4047 2025JUN3003.17% $0.41232.51% $0.3203.00% $0.39091% 2.51%3.91% $0.5003.35% $0.43092% 3.91%4.87% $0.6303.59% $0.46092% 4.87%
Pfd2LTRP-C TRP.PR.C CA87807B6026 2026JAN3003.30% $0.48732.65% $0.3903.20% $0.47068% 2.65%3.88% $0.5703.38% $0.50069% 3.88%4.73% $0.6903.51% $0.51069% 4.73%
Pfd2LTRP-G TRP.PR.G CA87807B8592 2025NOV3003.53% $0.83783.15% $0.7403.45% $0.81005% 3.15%3.91% $0.9203.61% $0.85005% 3.91%4.44% $1.0503.71% $0.88005% 4.44%
Pfd2LTRP-D TRP.PR.D CA87807B8006 2024APR3004.70% $0.97562.89% $0.6003.79% $0.78019% 2.89%3.77% $0.7804.23% $0.87020% 3.77%4.37% $0.9004.53% $0.94020% 4.37%
Pfd2LTRP-E TRP.PR.E CA87807B8758 2024OCT3004.55% $0.94042.88% $0.5903.88% $0.80021% 2.88%3.75% $0.7704.23% $0.87021% 3.75%4.36% $0.9 04.47% $0.92021% 4.36%
Pfd2LTRP-K TRP.PR.K CA87807B8188 2022MAY3104.80% $1.22004.82% $1.2304.83% $1.22-1% 4.82%4.82% $1.2304.83% $1.22-1% 4.82%5.01% $1.2805.00% $1.27-1% 5.01%




Current yields over time

The graph below shows the current yield of each TC Energy 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 TC Energy 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.

Click here to see the latest press releases related to TC Energy preferred shares.

Additional Information

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

  1. TC Energy Brief Overview
  2. Latest TC Energy Credit Ratings
  3. TC Energy Common Share Metrics
  4. Overall Preferred Share Metrics across all TC Energy preferreds

Additional Information

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

  1. Consolidated Short Position Reports for each TC Energy Preferred