Which preferredshare pays a fixed dividend rate based on the yield to maturity on the...

A rate-reset preferred share pays a fixed dividend rate that is periodically reset based on a predetermined benchmark, such as the yield to maturity on the five-year Government of Canada bond, plus a fixed spread. This type of share offers a balance between fixed-income predictability and adjustments for changing interest rates.

References:

Volume 1, Chapter 8:Preferred Sharesunder "Types of Preferred Shares" explains rate-reset preferred shares and their connection to benchmark yields like the five-year Government of Canada bond (CSC Volume 1, Chapter 8)​.