I bought the OCBC preference shares, OCC 5.1% NCPS, a while ago for my parent's retirement funds. I didn't even know that OCBC had redeemed back the perp on their first call date until I saw the capital returned to my bank account. Another one bites the dust... So how had it performed? Let's take a look at the details: 1st tranche: Buy date: 3rd-Feb-2014 A) Buy price: $106.10 B) Quantity: 100 shares C) Comms paid for buying: $37.19 D) Dividend collected: $2551.40 E) Total profits: 100*B + D - 100*A - C = $1904.21 F) Recall date: 20th Sept 2018 G) Total duration: 4.63 yrs H) Total % profit: E/(100*A + C)*100 = 17.88% I) % returns/yr = H/G = 3.86% per annum 2nd tranche: Buy date: 14-Jan-2015 A) Buy price: $106 B) Quantity: 100 shares C) Comms paid for buying: ......