Canadian Originated Preferred Securities (COPrS)
Contents
Exploring Canadian Originated Preferred Securities (COPrS): A Comprehensive Guide
Delve into the realm of Canadian Originated Preferred Securities (COPrS), a unique financial instrument introduced by Merrill Lynch in the mid-1990s. Learn about their structure, features, risks, and their significance in the Canadian financial landscape.
Unraveling Canadian Originated Preferred Securities (COPrS)
Key Insights:
Introduction to COPrS: Understand the origins and characteristics of COPrS, including their resemblance to preferred shares in the U.S. market.
Structural Features: Explore the key features of COPrS, such as their long-term nature, payment frequency, and callable status, along with the associated reinvestment and tax implications.
Navigating the Landscape of COPrS Investments
Real-Life Examples:
- TransCanada's Pioneering Role: Learn about TransCanada's pivotal role in introducing COPrS as a financing instrument, and its significance in the energy infrastructure sector.
Examining Special Considerations and Variations
Analyzing Financial Strategies:
- COPrS vs. TOPrS: Understand the distinctions between COPrS and Trust Originated Preferred Securities (TOPrS), and their implications for investors and issuers.