RE:Preferred interest….rad10 wrote: Looks like they are short changing on their calculations.
5 year plus 2.55% = 6.31%
why are they paying 6.196%?
"The dividend rate for the five-year period commencing on June 15, 2024, and ending on June 14, 2029, will be 6.196% per annum, being equal to the sum of the five-year Government of
Canada bond yield as at May 16, 2024, plus 2.55%, as determined in accordance with the terms of the Preferred Shares Series 13."