Preferred Share Primer

Nov 13, 2020 |Nathan Fickel
Preferred Share Guide Preferred shares are a nondilutive (to common equity holders) source of funding for companies that rank between common equity and bonds. In case of a company liquidation, preferred shareholders rank behind bondholders in order of...
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Perpetual Preferred Shares

Sep 24, 2020 |Nathan Fickel
Canadian preferred shares have developed a bad reputation over the past 10 years, and perhaps rightfully so. The broad preferred market in Canada lost over 30% of its value since 2010 (price return, not total return – total return includes dividends)...
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Market Commentary

Mar 19, 2020 |Jaana Sauso
We wanted to share our key thoughts on the current situation and how we intend to approach the days, weeks and months to come. Volatility We are currently experiencing some of the sharpest moves – both up and down – in stock prices that we have witnessed...
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Coronavirus contagion update

Feb 24, 2020 |Jaana Sauso
Global equity markets are down between 1.5 and 4 per cent led lower by concerns about the spread of the coronavirus. Our balanced accounts are down between 0.5 and 0.75 per cent. Volatility like this highlights the benefit of diversification ... ie, owning...
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Preferred Shares

Jan 31, 2020 |Jaana Sauso
The preferred share market has performed well so far in 2020. As of January 29, the preferred shares we own have posted modest price gains (~0.6%) and are on track to pay nice dividends (~5.5%/year on average). We continue to think preferred shares offers...
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Coronavirus

Jan 27, 2020 |Jaana Sauso
Market reaction to the Coronavirus has shown similarities to the SARS epidemic of 2003. The Hong Kong Hang Seng index bottom during SARS coincided with the peak of media mentions on the virus and being featured on the cover of The Economist magazine....
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