RE:RE:RE:RE:RE:RE:Prefered shares.
Actually, a rate of 4.5% would be considered quite good. This is from Globe and Mail. Mind you the article is talking about rate reset preferred's but that is only one option available to the company. The article focuses on why the preferred's might be attractive to investors: "Arguably, yields on these shares will still be attractive on a comparative basis after the reset. Those Fortis Series H shares at 3.6 per cent (based on the reset dividend and the current share price) beat anything youll get in a government or investment-grade corporate bond maturing in 10 years or less. Factor in the dividend tax credit in non-registered accounts and the advantage of rate reset preferreds over bonds becomes even more pronounced."