There is a catch to the title – the 12% annualized return is in the form of a 6.6% return over six and a half months. I have mentioned this before (at much higher yields) but Pengrowth Energy debentures (TSX: PGF.DB.B) is probably the best low-risk/medium-reward opportunity in the entire Canadian debt market today. At … Continue reading Turning down a very likely 12% annualized return