RE:RE:Buy CWB.PR.BPuma1back wrote:
has that detail been confirmed in the details of the purchase agreement? If so, that is a neat idea!
caution though, should the actual issuer (CWB) redeem the shares you need to sell them the day before otherwise the proceeds would be treated as a taxable $25 dividend per share with the taxes rolling off that type of income.
tylerreddick wrote: CWB will redeem the preferred shares at par, $25 per share.
So buying them today will give an 8% capital gain in a few months, plus whatever dividends are paid out until then.
Not a bad return for a totally risk-free investment.
Not sure you are correct on the payment being a dividend. If they are redeemed, that would be a capital gain.