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Preferred Shares

A diversified, high-quality preferred share portfolio distributing income for clients while generating capital appreciation through various active management strategies
Home Investment Solutions Fixed Income Preferred Shares
  • Absolute Return Dynamic
  • Active Duration Bonds
  • Core Bonds
  • Corporate Bonds
  • Core Plus Fixed Income
  • Impact Fixed Income
  • Infrastructure Bonds
  • Preferred Shares
  • Why?
  • Our Philosophy
  • Our Process
  • Why?

    Top Reasons for Choosing Addenda Capital to Manage your Preferred Shares

    • We have a broad understanding of this asset class with a 20+ year track record of adding value in the Preferred Shares.
    • We leverage our extensive corporate credit and equity research experience focused on assessing undervalued securities and avoiding deteriorating issuers.
    • We have an ability to capitalize on market events unique to the preferred share market.
    • ESG analysis adds a level of consciousness to the investment process that enhances risk mitigation and long term value creation in our portfolios.
  • Our Philosophy

    We believe that:

    • An actively managed multi-strategy approach, driven by fundamental research, applied in a rigorous risk management framework will deliver value for taxable and non-taxable clients over the long term.

  • Our Process

    Our investment process for Preferred Shares involves several elements:

    • An extensive top-down analysis of economic conditions is used for interest rate anticipation which determines the optimal portfolio by structure.
    • A rigorous bottom-up fundamental analysis serves to identify issuers with stable to improving credit metrics and earnings profile.
    • Identifying market structure dynamics opportunities which includes assessing regulatory changes, supply and demand factors, and optionality within the securities.
    • A fundamental assessment of the financial risk of the issuer and the unique risk within the structure of the specific preferred share, with the objective of maximizing return given our outlook for interest rates and credit risk.
  • I love the challenge of managing our experience and research against an ever-changing and evolving investment environment.
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    Ian A. McKinnon
    Executive Vice-President, Core Fixed Income
  • It’s a privilege to work for a firm which puts clients first while focusing on adding value on a long term sustainable basis.
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    Mark Kaminski
    Portfolio Manager, Core Fixed Income and Preferred Shares
  • Before we even concern ourselves with investment returns, we think first about the risks involved.
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    John Stilo
    Senior Portfolio Manager, Insurance and Investment Solutions
  • Well-tailored solutionsWell-tailored solutions

    Well-tailored solutions

    We build highly personalized multi-asset investment solutions that meet the return requirements and long-term objectives of institutions and high-net-worth individuals.
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  • Sustainable InvestingSustainable Investing

    Sustainable Investing

    At Addenda Capital, sustainable investing is not an afterthought; it’s part of our DNA. It makes us better investors and enables a better future.
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  • Insight & NewsInsight & News

    Insight & News

    Stay abreast of our economic views, research insights and investment thoughts.
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  • Who we are
    • Our People
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  • Partnering with you
    • Institutional Services
    • Private Wealth Services
    • Client Partnership Team
  • Investment Solutions
    • Sustainable and Impact Solutions
    • Fixed Income
    • Equities
    • Commercial Mortgages
    • Multi-Asset
  • Sustainable Investing
    • Promoting Sustainable Markets
    • ESG Integration
    • Stewardship
    • What is Sustainable Investing?
    • Sustainable and Impact Solutions
    • Sustainable Investing Team
    • Sustainable Investing Committee
  • Insights & News
 

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