TransAlta Corp T.TA

Alternate Symbol(s): TAC | T.TA.PR.E | TRNTF | T.TA.PR.D | TACPF | T.TA.PR.F | TSLTF | T.TA.PR.H | T.TA.PR.J | T.TA.PR.G

Utilities Utilities - Independent Power Producers

TransAlta Corporation owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia. It provides municipalities, medium and large industries, businesses and utility customers with affordable, energy-efficient and reliable power. It also produces wind power and hydro-electric power. Its segments include Hydro, Wind & Solar, Gas, Energy Transition, Energy Marketing, and Corporate. It has a diversified fleet of hydro, wind, solar, natural gas, and cogeneration generate 7,300 megawatt of electricity. It delivers renewable energy solutions for large scale commercial partners, including tech companies. It operates a fleet of electrical power generation assets, including Antrim Wind Project, Ardenville Wind Facility, Old Town Wind Project, Pinnacle Project, SunHills Solar Project, Fortescue River Gas Pipeline, and others. The Antrim Wind Project is situated on over 1,700 acres of land located in Hillsborough County, New Hampshire.

TSX:TA - Post by User

TransAlta Corp

Bullboard Posts

Post by BeEm1on Aug 17, 2015 4:20pm

208 Views

Post# 24025602

TA.PR.D

I am hanging on to my preferreds (TA.PR.D), which are due to reset to a new rate for 5 years on March 31, 2016. The reset rate is the 5-year Government of Canada Bond rate, plus 2.03%. The current GOC 5-year rate is in the order of 0.7%, making the new yield equal to about 2.73%, if you were to pay full issue price ($25.00 per share). Since the current discounted price is about $9.75, the actual yield jumps to 7.00% for the next 5 years, not to mention the huge capital gain possible with a return to normal pricing!

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