|Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version|
|Index||Current Yield (at bid)||YTW||Average Trading Value||Mod Dur (YTW)||Issues||Day’s Perf.||Index Value|
|Major Price Changes|
|BAM.PR.G||FixedFloater (but not in index)||+2.5437%||A busy day for this issue, with 12,600 shares trading. Some traded as high as $26.80! I can’t imagine what all the fuss is about: these are “Fixed-Floater-to-Become-Ratchet-Rate” prefs, which will have their coupon adjusted (down, I bet!) on 2006-11-01; the alternative is to convert to ratchets. I don’t see any news releases, particularly not any that would indicate they’re going to increase the dividend! I think somebody just got suckered, that’s what I think. Holders can exchange into BAM.PR.E if they like, on 2006-11-01|
|BAM.PR.E||Ratchet (but not in index)||+1.0342%||The bid’s way up on zero volume! Holders can exchange into BAM.PR.G on 2006-11-01, if they like. It’s all very mysterious.|
|BNS.PR.J||PerpetualPremium||14,054||Nesbitt crossed 10,000 @ $27.00. The issue has a YTW of 4.10% at the closing bid price of $26.95|
There were four other ‘normally priced’ ($25 par value) issues trading over 10,000 shares today.