PSK ETF

CALGARY, Alberta, Sept. 09, 2024 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. (“PrairieSky”) (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.25 per common share, payable in cash on October 15, 2024 to shareholders of record on September 27, 2024.   This dividend is designated as an “eligible dividend” for Canadian income tax purposes.

SPDR® ICE Preferred Securities ETF strategy focuses on investing in U.S. dollar denominated non-convertible preferred stocks with specific criteria. The PSK ETF portfolio is heavily weighted towards financial companies, with the top 4 issuers being major banks. PSK has underperformed several competitors and experienced a decrease in both distributions and price over 20% in 10 years.

CALGARY, Alberta, June 04, 2024 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky") (TSX:PSK) announced today that its Board of Directors has declared a quarterly dividend of CDN $0.25 per common share, payable in cash on July 15, 2024 to shareholders of record on June 28, 2024. This dividend is designated as an "eligible dividend" for Canadian income tax purposes.

CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB").

Preferred securities have compelling investment characteristics in the right market and portfolio setup. In a world of high yields, higher cost of capital and contracting equity risk premiums, the insulating benefits are less profound. SPDR ICE Preferred Securities ETF has value on the yield side but lacks scope for capital appreciation.

Preferred stocks are what's known as hybrid securities, meaning the asset class displays both equity and fixed income characteristics. The equity-like traits of preferreds can support gains when traditional stocks are rising.