TSX:AX.PR.E - Post by User
Comment by
Frankie10on May 04, 2024 4:09pm
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Post# 36023476
RE:RE:RE:What would I do next?
RE:RE:RE:What would I do next? Not wishful thinking - I have a meaningful position (for me) in the prefs and happily recommend the prefs to boomers seeking fixed income. I also know individuals who say they have sizeable positions. Everyone I've spoken to, including myself, would accept $21.
You would decline a 20% capital gain, which values the security at an 8% yield? You could get that yield elsewhere... I don't track the logic / risk management.
Regardless - it's speculation. On a positive note, the detail you were looking for are in the annual audited statements (these always have the most information purely due to regulation). Cheers!
rad10 wrote:
luscar99 wrote: What makes you think most investors would let them go for $21 ?
That would imply a yield of 8.3%-8.5%.
I surely wouldn't.
Especially knowing the company is solvent, on the right track and looking to buy them back.
And these shares have traded above $24 for most of their existence.
It's wishful thinking. I'm certainly not in a rush to take capital gains on these. They can redeem the preferreds at face value when they come due. Not even sure when the next reset date is. I'll dig out the prospectus.