January 23, 2018 - AX.UN
New! Artis REIT - Price Target Update .....
January 20, 2018 - AAR.UN
Pure Industrial REIT - Acquisition Update .....
January 19, 2018 - EXE
Extendicare REIT - Price Target Update .....
January 18, 2018 - DIR.UN
Dream Industrial REIT - Earnings & Price Target Update .....
January 17, 2018 - WIR.U
WPT Industrial REIT - Earnings Update .....
January 16, 2018 - SMU.UN
Summit Industrial REIT - Price Target Update .....
January 13, 2018 - CHE.UN
Chemtrade Logistics Income Fund- Price Target Update .....
January 12, 2018 - NTR
Nutrien Inc. - 2018 Earnings Forecast .....
Recommendation Changes
SMU.UN, FTS, AQN, SJR.B, FN, more...

Weekly Price Changes Aug 25-Sept 1, 2017

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Central bankers, led by the US have been talking about raising interest rates since early 2014 but only managing to increase rates 3 times by 0.25% on each occasion. More than 3yrs has passed and central bankers are beginning to face a credibility gap about why further interest rate increases are needed.

Trading volumes for preferred share vary by issue and category. The 5 year rate reset group have trading volumes that are 6 times the fixed rate preferred shares. There still a greater expectation central banks will increase interest rates further pushing demand for proctection from higher rates. While the trading volumes for the rate reset shares are much higher, the price increases for each group were approximately equal last week at 0.4%.

Preferred shares are one of the few asset classes still paying reliable income in the 5% range. Depending on which of the 360 issues are selected, there is protection from either rising or declining interest rates with good credit quality available in either case. This week's update focuses on the market dynamics for preferred shares including trading volumes, price changes and the terms associated with each of the preferred share issues. This is to clarify what investors are buying and selling.

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New Issues & Acquisition
January 22, 2018
New! Atlantic Power Corporation - New Convertible Debenture
January 22, 2018
New! Artis REIT - 6% Minimum Rate Reset Preferred Units New Issue
January 19, 2018
New! Coverage Universe - Weekly Price Change Jan 12-19, 2018
January 17, 2018
New! Slate Office REIT - New Convertible Debenture
January 15, 2018
Brookfield Infrastructure Partners LP - 5% Minimum Rate Reset Preferred Share New Issue
January 14, 2018
Preferred Share Recommendations(Historical) - Fixed Rate & Rate Reset
January 12, 2018
National Bank 0 4.6% Rate Reset Preferred Share New Issue
January 11, 2018
CIBC 4.5% Rate Reset Preferred Share New Issue