Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

Ax.pr.e

[rad10]

Ex dividend a couple days ago.  45 cent pay out.

Effective yield over 11% on a cost basis of 15.76.  

Brookfield property preferreds will get you a slightly higher yield, but there is a delisting and PE shenanigans risk etc.

Pipelines can also get you double digit qualified dividend income.

I like the preferreds in this name - even if it is eventually taken private.  Change of control clause etc.

[Frankie10]

What change of control clause? Have you read about the unit class beyond what is disclosed in the audited annual financial statements? Thanks, Frankie.

[rad10]

Fairly standard termination / dissolution / liquidation clause on page 9 of the prospectus.  It's from 2012 and I haven't checked for amendments.  I usually scan these on SEDAR before putting in a limit order.  It's not as robust as a change of control clause - my bad. But how did the "robust change of control" clause work out for Husky holders....  lol.