TC Energy Series 7 And Series 9 Preferreds: High Yield For The Next 5 Years With Principal Appreciation
TRPTC Energy(TRP) Seeking Alpha·2024-07-22 20:43
Sina Salehian/iStock via Getty Images Investment case As the yield curve stays inverted and the 5-year GOC bond yields remain at relatively high levels, investing in Canadian preferred shares with a dividend reset on the horizon or those that just underwent the reset represents a unique opportunity. This article discusses TC Energy's preferred shares: Series 7 (TSX:TRP.PR.D:CA) (OTCPK:TRPPF) and Series 9 (TSX:TRP.PR.E:CA) (OTC:TRPRF) as well as the company’s common stock (TSX:TRP:CA) (NYSE:TRP). These i ...