RE:RE:RE:RE:Value of Preferred Shares
Here's an interesting article in the G&M on rate reset preferreds. Ones like this one that reset in the next year and a half seem to be priced for the worst case rate scenario (rates stay low and then spike after). If that happens, then they may stay low for a while. But you probably don't have to wait 6 years for investors to anticipate a higher reset when the next one approaches. https://www.theglobeandmail.com/globe-investor/investment-ideas/interest-rates-provide-answers-about-plunging-preferred-shares/article24013205/