Randy LeClair Altagas Ltd ALA.PR.G-T TOP PICK Jan 23, 2015

Preferred series G 4.75%. (ALA.PR.G-T). Energy pipeline. This is trading a little bit above par. It resets in 2019 and is 306 basis points, so you have the spread protection.

Randy LeClair

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You have to endure a little more volatility with the preferred shares. This preferred share does reset. It has a floor at the current dividend levels, which means it can only go up. If there is an inflation response, it will participate in that.

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Randy LeClair Altagas Ltd ALA.PR.G-T TOP PICK Jan 23, 2015

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