Daily preferred share market commentary and analysis
PVS.PR.N prices a $125 million bought deal at 5.30% fixed to September 2033 - the widest coupon on the PVS curve and one of the few new preferred issues of 2026. How it stacks up against its own family and the broader market.
A $72 billion utility merger of equals puts seven active Emera preferreds and ten Canadian Utilities preferreds under one roof. Here is what each series looks like today and the three questions holders should be asking.
Bid, ask, last, close, consolidated volume: why preferred share quotes differ between screeners, exchanges, and our series pages — and how to read each number.
Canaccord redeemed CF.PR.A at $25.00 on October 1, ending a 2011-vintage issue. The timeline, the capital-cost arithmetic behind the call, and what a redemption looks like on your statement.
Perpetuals fell hard and premium FixedResets barely moved in September's bond selloff. Why duration — not yield — decides who gets hit, and the structural practices that manage it.
Quadravest maintains FFN.PR.A at 7.50% and FTN.PR.A at 7.25% for the fiscal year beginning December 1, 2026. What the annual-review structure means, and why both trade above $10 par.
US 10-year above 5.2%, Canada 5-year at 3.68%, a quarter-end drawdown and recovery: the September 2026 recap of Canadian preferred share yields, resets and calls — plus the medians across our 253-series database.
Brookfield's BPO.PR.R resets to 6.829% — after fifteen years spanning 4.155% to 6.829%. Three reset cycles, three conversion elections, and what they teach about FixedReset preferreds.
CPD mirrors the whole preferred market; ZPR ladders its resets. One costs 0.50% a year, the other 0.53% — and there's a third option both quietly price away from. Full comparison inside.
LBS.PR.A, FFN.PR.A and PIC.PR.A all announced capital unit splits with fresh preferred offerings in six weeks — here's what each split does to your seniors.
GDV.PR.A to Pfd-3, DF.PR.A and SBC.PR.A to Pfd-3 this spring — three rating moves, three different price outcomes, and the spread math that explains all of them.
Rate, floor, cap, redemption, conversion: the six datums inside a prospectus supplement that actually matter, and where to find them on a real document.
Two June 2026 new issues illustrate the fixedReset-vs-perpetual trade-off almost perfectly: $205M of convexity from Brookfield, and $200M of duration honesty from Great-West.
BCE.PR.I, BN.PR.R, BPO.PR.N, CSE.PR.A and more all reset this cycle — here are the new rates, the math behind them, and what each means for holders.
Three preferred share series delisted this summer: BPO.PR.C redeemed at $25.00 on June 30, 2026, while MFC.PR.P and BCE.PR.J vanished through forced conversions into MFC.PR.F and BCE.PR.I. Full dates and mechanics.
75% of Canadian rate-reset preferreds trade under 10,000 shares a day. How thin preferred share liquidity costs you through wide spreads and price impact - and the execution tactics that keep more of your yield.
Split-share preferreds like DGS.PR.A yield 6.3%+ - a median 6.28% across 25 issues vs 5.73% for rate resets. What you actually buy: senior ranking, NAV-based protection, hard maturity dates, and equity-market risk you didn't know you took.
Brookfield Infrastructure's new 5.75% preferred (BILP.PR.A) jumped to 25.35 on day one. Is chasing new preferred share IPOs above $25 ever worth it? The yield math, the reset floor advantage, and when patience gets paid.
Rate resets arrive September 30, 2026 for several Canadian preferred share series. Should you take the new fixed rate or convert to floating? A real example - BPO.PR.R resetting to 6.829% vs ~5.77% floating - shows how to decide.
Single-day jumps of 24.65% and 21.49% on redeemed Brookfield preferreds show why yield-to-worst beats current yield. How YTW works on Canadian preferred shares, why issuers call now, and how to avoid losing your premium in a redemption.