Preferred shares are yet another way of earning income from your investment and diversifying your portfolio. I started discussing it briefly in my recent weekly dividend round to touch on the point that Apple has been discussing the offering. Just recently, PWF issued preferred shares. Here is the snippet I got from my discount broker:
Power Financial Corporation 4.80% Non-Cumulative Perpetual Preferred Shares
Short Description: Treasury Offering of Non-Cumulative First Perpetual Preferred Shares, Series S
Price: $25.00 CDN per share.
Settlement: February 28, 2013.