Preferred Shares are probably the most misunderstood investment type within the fixed income basket. They are kind of a like a debenture, and kind of like a common share but not really either. For those looking to gain a better understanding of what "prefs" are and how they work, the attached document may be of interest. If you have any specific questions about this asset class or professional portfolio management in general, please feel to give our team at DS a call 250-356-3975.
Cheers,
Jeremy M. Stephen, BBA, CFP, CIM
Portfolio Manager and Financial Planner
The HIllyard Stephen Group
RBC Wealth Management, Dominion Securities Inc.
250-356-3975
jeremy.stephen@rbc.com
hillyardstephengroup@rbc.com
www.hillyardstephen.com