LCL
Preferred Shares
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Credit Rating
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Avg Yield
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Avg Price
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Loblaw Companies Limited does not currently have any preferred shares outstanding. Over the past several years the issuer redeemed the last of its series — part of the broader contraction of the Canadian preferred share market, in which issuers have called 2011-vintage FixedResets whose coupons sat far below prevailing redemption value rather than let them reset. Issuer preferred share programs end for practical reasons: preferred funding becomes more expensive than the alternatives when the coupon on new issues prices above what the company is already paying, and after a wave of redemptions the remaining outstanding size no longer justifies the program's administrative overhead.
No redeemed series for this issuer are recorded in the archive under this ticker — the preferred share program either predates this site's coverage window or its series were listed under a different trading symbol. Former holders can reconstruct their cost basis and final payment records through their brokerage statements and the transfer agent's shareholder records. For the structure of the instrument class itself, see the preferred shares guide.
Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.