RE:RE:RE:RE:RE:RE:B.O.C. Interest Rate AnnouncementHappy weekend pierrelebel.
BPO.PR.T is a good one to own for the reasons you explained very well.
I have the W and the X right now. But I the only difference to me between W,X and Y is the price to buy or sell. I sold the Y to buy more X and W. If any of the 3 sell off after the div I will add more. IF the price shoots up suddenly I will sell and pick up some T maybe.
I like to compare apples to apples and the other prefs that are paying 70% of prime are a lot more expensive and not any less risky in my view.
By the time the dividend catches up with Tiff I will pocket a nice return with a tax credit.
I own over 7000 shares between the two. A nice addition to my pension as far as I am concerned.
Check out the Scotia report.
https://farstadretirement.com/content/uploads/sites/194/PS_07-12-2024.pdf