Capital Power 5.75% rate reset issue May 7, 2019

TD Direct has a new issue from Capital Power of a 5.75% rate reset share that has a minimum reset of 5.75%. This is worth considering especially for those looking to generate cash yield from a portfolio and especially in a taxable account where the dividend tax credit applies. The other discount brokers presumably have this offer as well. It will likely sell out fairly quickly this morning. But it was still available about 90 minutes after TD sent is alert. If you are interested in new issues like this sign up for new issue alerts from your broker.

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