Trade Alert

In our recent articles on preferred shares, I mentioned that I might buy shares of PMT-A (PMT.PA) (PMT.PR.A) or PMT-B (PMT.PB) (PMT.PR.B) if they plunge. The average price movement for the preferred shares today is roughly flat. However, PMT-A and PMT-B are each down around 4.5%. That’s a big enough price disparity for me to take a small position.

Trades…