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Canadian Western Bank Rate Reset Preferred Share (TSX: CWB.PR.B)

The dividend here provides an attractive yield, and it is not set to reset again (or potentially be redeemed at $25) until April 2029. The reset yield would be at a 2.76% spread plus the then prevailing yield on the five-year Government of Canada bond.


Income Investor

Sell to lock in a gain of 44%. - Shawn Allen

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Interactive Performance Chart

CWB.PR.B was first recommended here on August 1, 2024