Capstone Infrastructure Corp T.CSE.PR.A

Capstone Infrastructure Preferreds

[CanadianPreferr]

Rank Capstone Infrastructure Preferreds. Compare of all preferred shares Capstone Infrastructure has issued. Using this table you can evaluate which of the preferred issues are best to purchase or sell today.

[url=https://canadianpreferredshares.ca/rank-capstone-infrastructure-preferredshttps://]Rank Capstone Infrastructure Preferreds[/url]

[CanadianPreferr]

[url=https://canadianpreferredshares.ca/rank-capstone-infrastructure-preferredshttps://]Rank Capstone Infrastructure Preferreds[/url]

[smoking81]

This has to be a smoking deal at this price. Why would the company not buy back the shares given the interest they have to pay or the eventual buy back price of $25

[smoking81]

Looks like they have bought back 122,500 preferred shares as of end of March 2020. There are only 3 million preferreds  issued. There are special rules for buying back shares until June 2020. Does this apply to preffereds also? If the rules apply they can only buy 50% of the shares every day. Does this mean others need to buy to help them out because this trades such low volume? 

[smoking81]

These guys should sell. The green power sector is hot right now and they could cash out big

[smoking81]

Highest volume traded in the last 4 years was on Dec 9 2020. 3rd highest volume ever traded in one day in the history of the shares. What is going on?

[smoking81]

Looks like this is going back up to $13. Guess the dividend is way better than money in the bank.

[pierrelebel]

The rate payable on these preferred is due for reset in July this year. It is possible that Capstone would want to repurchase all preferred to save on the costs of keeping the company public.  I do not expect the shares to be redemmed at $25 but would not be surprised to see an offer of $16 to $18 for all preferred shares outstanding.

[smoking81]

I agree Pierre, but would rather hold out to get the full $25. Do all of us need to sell if the majority agrees to the lower number? Maybe they just buy back more of the shares on the open market until there are very few left. I see one of the insiders posted buying shares on SEDI.

[pierrelebel]

Today, Canada 5 year trades at 0.0067% On that basis, the annual dividend would be increased to $0.85 from $0.82 What will the interest be on "Canada 5 year" in four months?  It is anyone's guess but the outlook for a dividend increase is much better today than it was a few months ago when we were looking at a lower dividend following the July 2021 reset..

[pierrelebel]

Update on interest rate Today, Canada 5 year trades at 0.0099% On that basis, the annual dividend would be increased 13% to $0.93 from $0.82 What will the interest rate be on "Canada 5 year" in four months?  It is anyone's guess but the outlook for a dividend increase is much better today than it was a few months ago when we were looking at a lower dividend following the July

[smoking81]

Next stop $16 will probably happen soon. Where will it end? Probably $25 by July. Should have bought way more.

[smoking81]

They are not going to buy back the prefered shares. Wonder what interest rate we will get?