Westcoast Energy Inc. (Pref-J) (W.PR.J.TO)

5.5% Series 7. Perpetual straight Preferred with a call date of Jan 15, 2013. This is a transmission company and provides the means to get into a regulated pipeline. Solid with a good strong track record. Dividend of around 5.5%.

(Top Pick Jul 10/09, 13.19% total return) West coast energy 5.6% Perpetual. Has been switching into this one.

Likes the story. Parent company is now Spectra Energy (SE-N). Solid earnings, which are improving.

Gas pipelines. Preferred shares with 5.6% coupons. A little bit of growth potential on this one. Trading at about $22 and should get back to the $25 each to price. Gives a yield of 6.32%. Next call on this is Aug 10/09 and can be callable at any time at $25. If the company wants to buy it back you get an instant $3.