On Monday, the S&P 500 fell 0.2% while Toronto was closed in lieu of Boxing Day.
Our next update will likely be for RioCan Reit as well as the RioCan preferred share series A. The preferred shares are set to reset to a materially lower dividend on the reset date which is now only three months away. There is also an option to convert to a floating rate preferred share on the reset date. That option may be viewed as preferable to locking in for five years at the fixed rate.