SMC
Preferred Shares
1
Credit Rating
P-2
Avg Yield
6.16%
Avg Price
$21.90
| Symbol | Issue Name | Type | Price | Yield | Par | Notes |
|---|---|---|---|---|---|---|
| MIC.PR.A | Sagen MI Canada Inc. Class A Preferred Shares Series 1 | perpetual | $21.90 | 6.16% | - | PERPETUAL @ 5.40% | Series: SAGEN_MI_CANADA_INC._Class_A_Preferred_Shares,_Series_1_ |
Sagen MI Canada Inc. (SMC) has 1 preferred share series outstanding on the Toronto Stock Exchange — 1 perpetuals. The median trailing indicated yield across the cohort is 6.16%, with MIC.PR.A the highest-yielding series at 6.16% and MIC.PR.A the lowest-priced at $21.90. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.
A perpetual preferred carries its coupon with no maturity and no reset: the rate runs until the issuer redeems the series. Perpetuals hold the longest interest-rate sensitivity of any structure in the Canadian preferred complex, which is why their prices swing hardest when the long end of the bond market moves.
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.