Preferred Shares Monthly Statistics - May 29, 2026

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Preferred Shares Monthly Statistics - May 29, 2026

Preferred Share Glossary

Dividends (Cumulative / Non-Cumulative): The payment of Yield: An internal rate of return based on the present value of all

preferred dividends takes priority over the payment of common future dividends plus the amortized capital gain or loss to retraction.

dividends. On cumulative preferred shares, if dividends are Yield-to-retraction is expressed as a pre-tax annual rate.

suspended, they will accumulate and must be paid in full before any

common dividends are paid. On non-cumulative issues, dividends in REDEMPTION

arrears do not accumulate. Next Call Date: The earliest date on which the issuer can

redeem (call in) shares (i.e., buy them back from holders). There may

Dividend: The annual $ dividend, usually payable on a quarterly be more than a single redemption date. “Current” means that the

basis. issue can be called in at any time.

Current Yield:The annual $ dividend divided by the current Price: Usually par value, but may be a premium to par value. In

price (also known as the running yield). lieu of cash and at the issuer’s option, redemption proceeds may be

paid in common shares of the issuer at a 5% discount to the market

Next Payment Date: The next dividend payment date. value (see Retraction Price).

S&P / DBRS Rating: Preferred shares are rated as to credit Yield: Yield-to-redemption is an internal rate of return based on

quality by Standard and Poors Rating Service (S&P) and Dominion the present value of all future dividends plus the amortized capital

Bond Rating Service (DBRS). P1 = highest quality; P5 = lowest gain or loss to redemption. This yield is expressed as a pre-tax

quality. annual rate.

RETRACTION Annual Retirement: The percentage to be retired annually,