Manulife Financial Corporation Non-Cumulative Rate Reset Class 1 Shares, Series 21 (TSX: MFC.PR.O)

This is a rate reset preferred. It is not a minimum, but its spread (497 bps) is higher than the total minimum dividend rate of some minimums (which start at 4.5%).

Income Investor

This preferred is suitable for those looking for a good yield and are willing to accept a moderate degree of risk. - Paul Bamford


Only current subscribers of The Income Investor may view the details of this recommendation.

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MFC.PR.O was first recommended here on July 17, 2020