3 Feb 2020 In trading on Monday, shares of Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO) were yielding above the 4%  29 Jun 2018 That's the view of Alfred Lee, director, portfolio manager and investment strategist , BMO ETFs, who believes many have priced in interest rate 

30 May 2012 8,000,000 Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series C. AltaGas Ltd. (“AltaGas”) is hereby qualifying the distribution  14 Nov 2016 40,000,000 Cumulative Redeemable Minimum Rate Reset. First Preferred Shares, Series 15. TransCanada Corporation (the “Corporation” or  1 Apr 2019 Canadian Western Bank (“CWB”) (TSX: CWB) today announced the applicable dividend rates for its non-cumulative 5-year rate reset First  1 Nov 2017 Empire Life has issued $100 million of Non-Cumulative Rate Reset Preferred Shares, Series 3 (the “Series 3 Preferred Shares”) to its parent, 

26 Nov 2019 Extraordinary Index Rebalancing in the Solactive Canadian Rate Reset Preferred Share Index | December 2019. In the extraordinary rebalance 

3 Feb 2020 In trading on Monday, shares of Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO) were yielding above the 4%  29 Jun 2018 That's the view of Alfred Lee, director, portfolio manager and investment strategist , BMO ETFs, who believes many have priced in interest rate  Norman Levine, managing director at Portfolio Management Corp, comments on the action in the preferred-shares market, which has fallen hard, and why he  2 Mar 2020 Aimia (TSX: AIM) today announced the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series 1 (the 'Series 1  5 Dec 2019 ("Preferred Equity") announced the dividend rate reset for Preferred Equity's outstanding Cumulative Rate Reset Preferred Shares, Series 2 (the "  2 Dec 2019 Announce Dividend Rate on Cumulative Rate Reset Preferred Shares, Series 2, and Cumulative Floating Rate Preferred Shares, Series 3.

All rate reset preferred shares have slightly different iterations, but the most common is a 5 year reset period. At that point, many offer the ability to opt for a floating rate coupon instead of simply locking in at the current rates for another five years. That floating rate coupon or interest payment would reset every three months at the 3-month T-bill rate plus your credit spread, while the 5-year reset is usually set at the five-year government of Canada rates plus a set premium for

11 Jan 2020 List of Minimum Rate Reset Preferred Shares. This feature guarantees, the holder of the issue, a minimum yield at the next reset. So far this is  31 Dec 2019 However, at the latest Bank of Canada (BoC) rate announcement on preferred shares which are looking to have their dividends reset higher  When interest rates fall everyone has to accept the lower yields. Rate Reset preferreds should not drop in price, to create  2 Mar 2020 Fairfax Announces Reset Dividend Rate on its Series E and Series M Preferred Shares and Quarterly Dividend on Series C, D, E, F, G, H, I, J,  24 Oct 2018 As rates rise and your yield looks less competitive, the price of your bond or preferred share will fall. Rate resets address this by providing the  10 Sep 2019 Preferred-share specialist John Nagel of Leede Jones Gable said there are about 30 minimum dividend rate-reset preferred-share issues,  4 Mar 2020 Aimia Inc. (TSX: AIM) announced today that the news release, Aimia Announces Conversion Privilege of Cumulative Rate Reset Preferred 

Rate-Reset Preferreds: A rate-reset preferred share offers a fixed dividend payment where the rate of that payment is reset upon a specific date, typically every five years. Generally, the rate will be a pre-determined spread above a government bond

29 Jun 2018 That's the view of Alfred Lee, director, portfolio manager and investment strategist , BMO ETFs, who believes many have priced in interest rate 

Rate reset preferred shares are potentially undervalued from both an interest-rate perspective and a credit perspective. That’s the view of Alfred Lee, director, portfolio manager and investment strategist, BMO ETFs, who believes many have priced in interest rate levels that are lower than the current five-year government of Canada and the rate on the forward curve.

10 Sep 2019 Preferred-share specialist John Nagel of Leede Jones Gable said there are about 30 minimum dividend rate-reset preferred-share issues,  4 Mar 2020 Aimia Inc. (TSX: AIM) announced today that the news release, Aimia Announces Conversion Privilege of Cumulative Rate Reset Preferred  3 Feb 2020 In trading on Monday, shares of Aimia Inc's Cumulative Rate Reset Preferred Shares, Series 1 (TSX: AIM-PRA.TO) were yielding above the 4%  29 Jun 2018 That's the view of Alfred Lee, director, portfolio manager and investment strategist , BMO ETFs, who believes many have priced in interest rate  Norman Levine, managing director at Portfolio Management Corp, comments on the action in the preferred-shares market, which has fallen hard, and why he 

3 Subject to regulatory approval and certain provisions of the shares, CIBC may redeem all or any part of the then outstanding Non-cumulative Rate Reset Class A preferred shares at par on the earliest redemption date listed above and every five years thereafter.