TSX:HSE.PR.B - Post by User
Comment by
RagingBull3on Jun 10, 2020 8:47pm
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Post# 31136432
RE:Preferred Yields at Feds target rate of 2.5% at current
RE:Preferred Yields at Feds target rate of 2.5% at currentThe "best deal" order changes at different rates. Higher the Fed/floating rate, "A" becomes better deal. Lower the rate, the "E" and "G" becomes the better deal.
This is because the "A" has a low "Fix" rate portion, while the "E" and "G" have a High "fix" rate portion.
RagingBull3 wrote: share price. "A" @ $7 = 15.10%, "C" @ $11.35 = 12.40%, "E" @ $12.28 = 12.36%, "G" @ $11.36 = 13.25%
Looking 5+ years out when these reset, assuming Feds 2.5% target is reached..... Looks like the "A" is best deal.... but need to keep in mind that it will reset in 2021 at probably when Fed still holding rates at Zero.
Next is the "G", then "C" and "E".
My math could be wrong so do your own DD.