“We continue to look for opportunities in discounted fixed resets that offer a yield over 5% and should benefit from a recovery in the 5-year Canada bond yield. We also anticipate further Preferred Share redemptions in 2021, as high-reset-spread bank, insurance, and pipeline fixed resets approach their next reset/redemption date.”

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

Slater Monthly Commentary - November 2020