RE:RE:RE:Dividend of $1.17/yr for next 5 years for HSE.PR.CHi Nakate, thanks for your input. I don't think these are convertibles shares, they can only be redeemed for $25 I think. These are more like bonds with "defined" dividends.
It makes some sense that they are corrolated with the commons while at the same time NOT.
If the commons are yielding the same or more, why would you buy the Preferreds, right?
But the Preferreds really are a totally different instrument. They don't participate in the performance of the company. They are more like a Bond.
Thanks for looking into them and your input. I'm still looking for a better explaination.....
In the mean time, I'm holding onto what I got, but holding off buy more..
Nakate wrote: Had a deeper look but not sure what the market is thinking, on the face they look cheap, the market say this is high risk but what is that risk when they get turn into shares with a better returns. It a call option on the share price that pays a nice divi but has most of the risk of the common if the worst happens. The divi is more secure. is it worth the premium to the share price at these prices?