PrairieSky Royalty Ltd. (PSK:CA) Q3 2025 Earnings Call Transcript

PrairieSky Royalty Ltd. (TSX:PSK:CA ) Q3 2025 Earnings Call October 21, 2025 8:30 AM EDT Company Participants Andrew Phillips - President, CEO & Non-Independent Director Michael Murphy - Vice-President of Geosciences & Capital Markets Pamela Kazeil - Senior VP of Finance & CFO Conference Call Participants Patrick O'Rourke - ATB Capital Markets Inc., Research Division Jeremy McCrea - BMO Capital Markets Equity Research James Kubik - CIBC Capital Markets, Research Division Presentation Operator Ladies and gentlemen, thank you for standing by.

Seeking Alpha • Oct 21, 2025

PSK's Portfolio Breakdown

The SPDR ICE Preferred Securities ETF offers diversified exposure to preferred securities, with a strong 70% allocation to the financial sector and an attractive 6.61% distribution yield. The fund's portfolio is primarily composed of fixed-rate preferred stocks and baby bonds, balancing yield and credit quality (average Baa2-Baa3). With a 10-year NAV total return of 2.62% and a moderate 0.45% expense ratio, PSK is a solid choice for income-focused investors seeking stability.

Seeking Alpha • Aug 26, 2025

SPDR ICE Preferred Securities ETF's Portfolio Review

SPDR® ICE Preferred Securities ETF offers diversified exposure to preferred securities, with 156 holdings and a 10-year total return of 2.45%. The portfolio is mainly investment-grade, averaging Baa2-Baa3 credit ratings, and yields between 5.5% and 7.83% depending on security type. 46% of assets are fixed-rate preferreds below par, offering a 6.42% yield, while 23% are fixed-rate bonds below par yielding 7.05%.

Seeking Alpha • Jun 13, 2025

Debunking Preferred Stock ETF Holdings Part 4: PSK's Holdings

SPDR ICE Preferred Securities ETF (PSK) focuses on investment-grade preferred stocks and securities, with $811.11MM in assets and a 0.45% expense ratio. PSK's portfolio includes 42% fixed-rate preferred stocks below par, 22% fixed-rate bonds below par, and 7% fixed-to-floating stocks above par. The fund's average credit rating is Baa3, with an average yield to worst of 6.08% and a current yield of 5.49%.

Seeking Alpha • Mar 28, 2025

Top Preferred Equity ETFs For High Monthly Dividends: Up To 7% Yields

The article evaluates various preferred securities ETFs, focusing on their dividend yields and performance metrics according to yield growth or sustainment. Most preferred equity ETFs are down big after rate hikes started. If you believe the 10 year is finally stabilizing and headed downward, now might be a good time to pick up some high yield rate sensitive plays.

Seeking Alpha • Feb 24, 2025

PSK: Lagging Peers In A Lagging Asset Category

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.

Seeking Alpha • Aug 9, 2024

Preferreds Weekly Review: Bond Interest Deferral Worries Investors

We take a look at the action in preferreds and baby bonds through the second week of April and highlight some of the key themes we are watching.

Seeking Alpha • Apr 21, 2024

Preferreds Weekly Review: Keep An Eye On The Spread Of Floating-Rate Preferreds

We take a look at the action in preferreds and baby bonds through the fourth week of March and highlight some of the key themes we are watching. Preferreds had a good week as Treasury yields fell on the back of the Fed's more dovish than expected stance. We take a look at how stocks with different spreads over SOFR could react to Fed's cuts.

Seeking Alpha • Mar 31, 2024

Preferreds Weekly Review: Mandatory Convertibles Offer High-Beta Preferred Exposure

We take a look at the action in preferreds and baby bonds through the third week of March and highlight some of the key themes we are watching. Preferreds were down for the week due to rising Treasury yields, but most preferred CEF sectors remain positive for the month. Albemarle issued a new preferred stock with a mandatory convertible feature, offering upside participation with less downside than the common and a higher coupon.

Seeking Alpha • Mar 24, 2024

Preferreds Weekly Review: Historic Drawdowns Are Relevant Again

We take a look at the action in preferreds and baby bonds through the fourth week of February and highlight some of the key themes we are watching. Preferreds had a strong week with a 1%+ return, driven by a drop in Treasury yields and compression in credit spreads. Different preferreds sectors have different drawdown profiles, offering investors an opportunity to tilt to more resilient securities in anticipation of the next drawdown.

Seeking Alpha • Mar 3, 2024