Trade Alert

As referenced in the September Portfolio Update, I’m favoring fixed-to-floating shares over fixed-rate shares.

We’re raising exposure on two of the shares where the floating period starts in just over 6 months. So long as rates remain elevated and the economy doesn’t slump too hard, these shares could see a nice increase in the share price as investors begin looking at the floating-rate yield.

The specific trade goes behind the paywall, but this move is using cash to pick up some additional preferred share positions where the floating date is coming up in the first half of 2024.