Limited Recourse Capital Notes: a present for preferred share investors

Limited Recourse Capital Notes:

a present for preferred share investors

 

Preferred shares, contrary to the other traditional fixed-income asset classes, are appealing for their upside potential in rising rate environments. But with the odds of the Bank of Canada hiking its benchmark rate in the short-term virtually null, the market isn't counting on rising benchmark rates to help drive preferred share returns in the near-term.