TSX:BPO.PR.A - Post by User
Comment by
Carenaon Mar 29, 2024 12:42pm
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Post# 35960213
RE:Dividends are in the account.
RE:Dividends are in the account.Hi Pierre,
I understand your work and agree with your logic.
The A's closed at $13.92 yesterday and the T's closed at $15.18. The spread on the A's are T's are the same and there is no floor on both...correct?
So your analysis is concluding, the market has it about right. That is, because the T's are a bird in the hand, the A's have a bit more interest rate risk. And to expand, for example, the N's are @$11.25 per share because they are 2 years from reset and thus more interest rate risk yet again.
Anything I am missing? Because I am confused why you think the A and T spread will increase in next 60 days to $3 per share.
The BPO prefs are great securities!
Carena