SLF Preferred Shares 4.45% Perpetual (SLF.PR.D-T)

Canadian preferred shares still hold great upside value opportunities and pay a great dividend.  We reiterate this well-diversified life and wealth management company, which generates over $4.3 billion in free cash flow, as a TOP PICK.  This preferred share pays a perpetual quarterly dividend that has a great yield and high (Pfd-2H) credit rating.  We continue to recommend maintaining a stop at $15.50, looking to achieve $25 -- upside potential of 25%.  Yield 5.5%  

As the Canadian central bank has begun to reduce interest rates, preferred shares should benefit.  We reiterate SLF.PR.D as a TOP PICK.  The parent corporation has been prudently using some cash reserves to retire debt and buy back shares.  The parent trades at 13x earnings, 1.7x book value, and supports a 13% ROE.  We recommend maintaining the the stop at $17.00, looking to achieve $25.00 -- upside potential of 30%.  Yield 5.8%

We reiterate this Canadian based preferred share offering by SLF.  The parent corporation has been prudently using some cash reserves to retire debt and buy back shares.  The parent trades at 13x earnings, 1.7x book value, and supports a 13% ROE.  We recommend trailing up the stop (from $15.50) to $17.00, looking to achieve $25.00 -- upside potential of 31%.  Yield 5.8%

We reiterate this well-diversified life and wealth management company, which generates over $4.3 billion in free cash flow, as a TOP PICK.  This preferred share pays a perpetual quarterly dividend that has a great yield and high (Pfd-2H) credit rating.  We recommend maintaining the stop at $15.50, looking to achieve $25 — upside potential over 30%.  Yield 5.9%

We reiterate SLF.PR.D as a TOP PICK.  SLF is a well-diversified life and wealth management company, which generates over $4.3 billion in free cash flow.  This preferred share pays a perpetual quarterly dividend that has a great yield and high (Pfd-2H) credit rating.  Rising interest rates have reduced the preferred share value to a discount to its $25 par value; however, as interest rates stall and eventually return lower to long term levels this can provide possible upside potential over 30%.  We recommend maintaining the stop at $15.50.  Yield 6.0%

SLF is a well-diversified life and wealth management company, which generates over $4.3 billion in free cash flow.  This preferred share pays a perpetual quarterly dividend that has a great yield and high (Pfd-2H) credit rating.  Rising interest rates have reduced the preferred share value to a discount to its $25 par value; however, when interest rates return to long term levels this can provide possible upside potential of 35%.  We recommend placing a stop-loss at $15.50.  Yield 6.0%