I have maintained a laddered bond portfolio for 20 years. I had a corporate bond mature. I did a check on the RBC inventory and wasn't excited about the minuscule yields. I used these funds to buy BAM.PR.B with a current yield of 3.6% . It is a floater and should do well if we are in a rising rate environment. I fully appreciate this is not a fixed rate investment. Extraordinary times require different choices. I bought a fair chunk of Enbridge and Pembina reset preferred last summer and they have been excellent investments. I am sure with the dividends I am over 50% for returns. I continue to hold them because the yield is over 6% and the rising interest rate sentiment is still bullish for the price.
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