“We also forecast that approximately $8 billion in Canadian Preferred Shares will be redeemed this year, with little new issuances to fill the void. An increase in the five-year Canada bond yield, and a significant reduction in supply, should provide a positive backdrop for Preferred Share performance in 2021.”

Read more of the December 2020 preferred share market recap by Slater Asset Management, portfolio manager of Lysander-Slater Preferred Share Dividend Fund and Lysander-Slater Preferred Share ActivETF.

 

Slater Monthly Commentary - December 2020
Download