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Canadian Utilities Series BB (TSX: CU.PR.E)

This is a straight preferred share from a highly-regarded utility.


Income Investor

The credit rating of Pfd2 is quite strong. These shares had quite logically declined in value after 2021 as interest rates rose sharply. They have now had a strong recovery after bottoming out at $17.35 last October. They will likely offer additional capital gains if interest rates continue to decline. - Shawn Allen

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Interactive Performance Chart

CU.PR.E was first recommended here on July 25, 2012