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

Which TD Bank Preferred Should I Buy

This compare tool helps you determine Which TD 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 -0.50%
  • Scenario 2: 5YR GOC Rate is set at 0.01%
  • Scenario 3: 5YR GOC Rate is set at 0.40%
  • Scenario 4: 5YR GOC Rate is set at 0.80%
  • Scenario 5: 5YR GOC Rate is set at 1.20%
  • Scenario 6: 5YR GOC Rate is set at 1.60%

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 Apr-19 18:00, Model Metrics Apr-19 19:29
Credit RatingSymbolReset Date Y/M/DCurrent (Yield Dividend)
5Yr @ -0.50%. Reset (Yield Dividend)Scenario: 1 yield and dividend based on GOC 5yr Rate of 5Yr @ -0.50%.
5Yr @ -0.50%. Blended (Yield Dividend)5Yr @ -0.50%. Rate Increase (percent | to value )
5Yr @ 0.01%. Reset (Yield Dividend)Scenario: 2 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.01%.
5Yr @ 0.01%. Blended (Yield Dividend)5Yr @ 0.01%. Rate Increase (percent | to value )
5Yr @ 0.40%. Reset (Yield Dividend)Scenario: 3 yield and dividend based on GOC 5yr Rate of 5Yr @ 0.40%.
5Yr @ 0.40%. Blended (Yield Dividend)5Yr @ 0.40%. Rate Increase (percent | to value )
Pfd2TD.PF.A CA8911456900 2024OCT3104.05% $0.91561.92% $0.4303.41% $0.77010% 1.92%2.49% $0.5603.58% $0.80010% 2.49%2.92% $0.6603.71% $0.83010% 2.92%
Pfd2TD.PF.B CA8911456744 2024JUL3104.09% $0.92021.96% $0.4403.34% $0.75010% 1.96%2.53% $0.5703.54% $0.79011% 2.53%2.96% $0.6603.69% $0.83010% 2.96%
Pfd2TD.PF.C CA8911456587 2025JAN3104.26% $0.96921.92% $0.4303.67% $0.83009% 1.92%2.48% $0.5603.81% $0.86009% 2.48%2.91% $0.6603.92% $0.89009% 2.91%
Pfd2TD.PF.D CA8911456330 2025JUL3103.34% $0.80032.39% $0.5703.19% $0.76004% 2.39%2.92% $0.7 03.27% $0.78004% 2.92%3.32% $0.7903.33% $0.79004% 3.32%
Pfd2TD.PF.E CA8911456173 2025OCT3103.39% $0.81052.48% $0.5903.29% $0.78004% 2.48%3.01% $0.7203.35% $0.80004% 3.01%3.42% $0.8103.39% $0.81004% 3.42%
Pfd2TD.PF.G CA8911455753 2021APR3005.52% $1.38004.16% $1.0404.16% $1.04000% 4.16%4.67% $1.1704.68% $1.17000% 4.67%5.06% $1.2705.08% $1.27000% 5.06%
Pfd2TD.PF.H CA8911606652 2021OCT3104.77% $1.21003.57% $0.9003.68% $0.93-1% 3.57%4.07% $1.0304.12% $1.04-1% 4.07%4.45% $1.1304.48% $1.13-1% 4.45%
Pfd2TD.PF.I CA8911606405 2022OCT3104.51% $1.13002.50% $0.6203.10% $0.77-0% 2.50%3.01% $0.7503.46% $0.86-0% 3.01%3.40% $0.8503.73% $0.93-0% 3.40%
Pfd2TD.PF.J CA8911606249 2023APR3004.77% $1.18002.22% $0.5503.24% $0.80000% 2.22%2.74% $0.6703.55% $0.87001% 2.74%3.14% $0.7703.79% $0.93001% 3.14%
Pfd2TD.PF.K CA8911605902 2023OCT3104.86% $1.19002.13% $0.5203.49% $0.85001% 2.13%2.65% $0.6503.75% $0.91001% 2.65%3.05% $0.7403.95% $0.96002% 3.05%
Pfd2TD.PF.L CA8911605746 2024APR3005.04% $1.30002.68% $0.6904.09% $1.05-3% 2.68%3.18% $0.8204.29% $1.10-3% 3.18%3.56% $0.9104.44% $1.14-3% 3.56%
Pfd2TD.PF.M CA8911605415 2024JUL3104.87% $1.27502.92% $0.7604.19% $1.09-4% 2.92%3.41% $0.8904.36% $1.14-4% 3.41%3.78% $0.9904.49% $1.17-4% 3.78%




Current yields over time

The graph below shows the current yield of each Toronto-Dominion 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 Toronto-Dominion 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.

Toronto-Dominion Bank Preferred Shares – Prospectus Information

Prospectus Information for each of the Toronto-Dominion 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.

TD.PF.A CA8911456900 Series 1 converts to Series 2
TD.PF.B CA8911456744 Series 3 converts to Series 4
TD.PF.C CA8911456587 Series 5 converts to Series 6
TD.PF.D CA8911456330 Series 7 converts to Series 8
TD.PF.E CA8911456173 Series 9 converts to Series 10
TD.PF.F CA8911455837 Series 11
TD.PF.G CA8911455753 Series 12 converts to Series 13
TD.PF.H CA8911606652 Series 14 converts to Series 15
TD.PF.I CA8911606405 Series 16 converts to Series 17
TD.PF.J CA8911606249 Series 18 converts to Series 19
TD.PF.K CA8911605902 Series 20 converts to Series 21
TD.PF.L CA8911605746 Series 22 converts to Series 23
TD.PF.M CA8911605415 Series 24 converts to Series 25

CLICK HERE to see the latest press release summaries related to TD Preferred Shares.

 

Additional Information

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

  1. TD Brief Overview
  2. Latest TD Credit Ratings
  3. TD Common Share Metrics
  4. Overall Preferred Share Metrics across all TD preferreds
Rank Toronto-Dominion Bank Preferreds https://canadianpreferredshares.ca/rank-toronto-dominion-bank-preferreds/

Additional Information

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

  1. Consolidated Short Position Reports for each TD Preferred