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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:

  1. Introduction to COPrS: Understand the origins and characteristics of COPrS, including their resemblance to preferred shares in the U.S. market.

  2. 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:

  1. 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:

  1. COPrS vs. TOPrS: Understand the distinctions between COPrS and Trust Originated Preferred Securities (TOPrS), and their implications for investors and issuers.