RE:RE:Dumped the last of my PR.D. "or none of the above " ..LOL..... thanks for that ,I enjoyed that one ...whatever they decide , everyone will be making money ...GLTA
quote=PabloLafortune]The pref Ds reset every 5 years that is to say July this year (as last time was July 16, 2017) which is based on 5 year Canada rate which was ~1.5% 5 years ago and is now - checking marketwatch - 2.75% - PLUS a premium set by NBF and Scotia (was 2.75% 5 years ago) based on credit ratings?, . the actual rate for the D's will be announced in June (was June 16 in 2017). So D divi is most likely going up quite a bit. Moreover the B's can be exchanged into D's (and vice versa) sometime in July (watch for it), yet the B's are much cheaper than the D's. I own both and am holding to see what happens, will probably convert my Bs to Ds. Besides,the prefs outrank the common so little risk. Market seems to think BBD will redeem the D's and/or doesn't realize the PR.Bs can be converted into D's and/or thinks prime rate (which is what PR.B rate is based on) will go higher than what the D's will probably pay (6%) (yikes!) or none of the above LOL.[/quote]