Cardhu, thanks for jumping into the discussion although a little late. You'll note, if you read all of the posts regarding this subject, that I wrote to Hogwild on January 30:
One can infer that I'm not an expert. I would also infer from the tone of your post that you are. My opinion was not on the merits of either issue, but that neither would interest me because the yield is rather low. YMMV. Moreover, I just don't see what SLF is offering to own them.SLF.PR.G, SLF.PR.J
I'll leave what you should have done to the experts.
Just to be clear to other readers, the information I gave is correct; the yield on SLF.PR.J IS 1.92% based on the current rate of 48 cents and a par value of $25; and, as of today, at $15.15, the current yield IS 3.20%. Shareholders could also realize a significant capital gain if the issue were called (which all things being equal is in the distant future). Also, I should add that SLF.PR.G is a fixed rate issue, and SLF.PF.J is a floating rate reset. G's rate is/was a fixed 57 cents. The rate on J is reset every three months according to a formula in the prospectus which I will leave to others who are interested in the issue to find. In practice, over 2016 the quarterly rate has changed from Q1 $0.115433 to Q4 $0.121112. Potential owners may interpet all of the above data as they wish.
As a guide, how these facts might be weighted and used is the subject of Cardhu's reply.