RE:RE:RE:RE:RE:RE:RE:wait, allied at 20$, yielding 9% and a rock solid BS? TSX Preferred shares are up 1.25% today. Friday afternoon, TD announced they would redeem the TD.PK.F issue (rate reset, GoC 5 Year +2.59%) at the end of October. Friday close was $21.80, so the redemption was a positive surprise to the depressed pfd market.
I expect the rate reset pfd shares, which have been hammered this year, to turn up before the REITs.
Even the Artis prefs seem to be catching a bid today - AX.pr.E goes ex-div on the 29th.