Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
September 30, 2013

Preferred G Series? This was a precursor to the “rate resets” and was known as a fixed floater. On a rate reset, you know what the spread is going to be but on this one, you don’t know.

BCE Inc. (BCE-T)
September 30, 2013

Preferred G Series? This was a precursor to the “rate resets” and was known as a fixed floater. On a rate reset, you know what the spread is going to be but on this one, you don’t know.

Randy LeClair
Chief Investment Officer & Portfolio Manager, Portland Investment Counsel
Price
$44.020
Owned
Yes
TOP PICK
TOP PICK
September 30, 2013

Floating-Rate Preferred, Series T (TD.PR.T-T). Given what the market has been doing recently, he wanted to be a bit more defensive so has started to slowly build up his floating side. This is at a predetermined spread of 160 basis points over the government of Canada T-Bill. As the rates start to rise, this will go up. Paying about 2.60%-2.65%, which is more of a money market type. It is a dividend, you are getting, not interest so it would be about 3.5% of a money market type of paper.

Toronto Dominion (TD-T)
September 30, 2013

Floating-Rate Preferred, Series T (TD.PR.T-T). Given what the market has been doing recently, he wanted to be a bit more defensive so has started to slowly build up his floating side. This is at a predetermined spread of 160 basis points over the government of Canada T-Bill. As the rates start to rise, this will go up. Paying about 2.60%-2.65%, which is more of a money market type. It is a dividend, you are getting, not interest so it would be about 3.5% of a money market type of paper.

Randy LeClair
Chief Investment Officer & Portfolio Manager, Portland Investment Counsel
Price
$92.740
Owned
Yes
TOP PICK
TOP PICK
September 30, 2013

4.4% Series A (VSN.PR.A-T). This will reset in 2017. He likes it because there is not a lot that come up in 2017. Right now it is trading below the par level at around $23.65 and gives you a current yield of about 4.65% and they yield to reset in 2017 of 4.81%. Bond equivalent interest adjustment would be about 6.7% yield.

Veresen Inc (VSN-T)
September 30, 2013

4.4% Series A (VSN.PR.A-T). This will reset in 2017. He likes it because there is not a lot that come up in 2017. Right now it is trading below the par level at around $23.65 and gives you a current yield of about 4.65% and they yield to reset in 2017 of 4.81%. Bond equivalent interest adjustment would be about 6.7% yield.

Randy LeClair
Chief Investment Officer & Portfolio Manager, Portland Investment Counsel
Price
$12.140
Owned
Yes
TOP PICK
TOP PICK
September 30, 2013

Preferreds E, 5% Series 5. Hydro plants, wind power, etc. Nice coupon of 5%. Callable in 2018 at $26 and then goes down by $0.25 each year until 2022. Current yield of about 6.35% dividend yield.

Preferreds E, 5% Series 5. Hydro plants, wind power, etc. Nice coupon of 5%. Callable in 2018 at $26 and then goes down by $0.25 each year until 2022. Current yield of about 6.35% dividend yield.

Randy LeClair
Chief Investment Officer & Portfolio Manager, Portland Investment Counsel
Price
$19.800
Owned
Yes