Randy LeClair
Westcoast Energy Inc. (Pref-J)
W.PR.J-T
TOP PICK
Apr 30, 2012
5.5% Series 7. Perpetual straight Preferred with a call date of Jan 15, 2013. This is a transmission company and provides the means to get into a regulated pipeline. Solid with a good strong track record. Dividend of around 5.5%.
Gas pipelines. Preferred shares with 5.6% coupons. A little bit of growth potential on this one. Trading at about $22 and should get back to the $25 each to price. Gives a yield of 6.32%. Next call on this is Aug 10/09 and can be callable at any time at $25. If the company wants to buy it back you get an instant $3.