FAIR Canada continues to fulfill its role as a a superannuation scheme for ex-OSC staff:
The Canadian Foundation for the Advancement of Investor Rights, known as FAIR Canada, says Jean-Paul Bureaud will assume its top job. A lawyer by training, Mr. Bureaud worked for the Ontario Securities Commission for 19 years before leaving in October, 2018. Most recently, he’s been a consultant for the World Bank.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6512 % | 1,605.6 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6512 % | 2,946.2 |
Floater | 5.20 % | 5.28 % | 59,599 | 14.96 | 3 | 0.6512 % | 1,697.9 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3934 % | 3,525.2 |
SplitShare | 4.68 % | 4.25 % | 40,147 | 3.27 | 8 | 0.3934 % | 4,209.8 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3934 % | 3,284.7 |
Perpetual-Premium | 5.55 % | 4.70 % | 88,395 | 4.00 | 4 | 0.0397 % | 3,097.3 |
Perpetual-Discount | 5.42 % | 5.56 % | 78,510 | 14.39 | 31 | 0.1587 % | 3,370.7 |
FixedReset Disc | 5.55 % | 4.30 % | 122,253 | 16.16 | 67 | 0.2400 % | 2,063.5 |
Deemed-Retractible | 5.20 % | 5.30 % | 91,713 | 14.64 | 27 | 0.1510 % | 3,305.7 |
FloatingReset | 2.86 % | 2.04 % | 38,202 | 1.42 | 3 | 0.6080 % | 1,784.9 |
FixedReset Prem | 5.26 % | 4.26 % | 220,983 | 0.89 | 11 | 0.2161 % | 2,616.2 |
FixedReset Bank Non | 1.97 % | 2.37 % | 109,718 | 1.41 | 2 | -0.1830 % | 2,812.5 |
FixedReset Ins Non | 5.81 % | 4.56 % | 84,168 | 15.87 | 22 | 0.6136 % | 2,066.9 |
Performance Highlights | |||
Issue | Index | Change | Notes |
TRP.PR.E | FixedReset Disc | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 13.59 Evaluated at bid price : 13.59 Bid-YTW : 5.55 % |
CM.PR.Q | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 18.21 Evaluated at bid price : 18.21 Bid-YTW : 4.38 % |
SLF.PR.B | Deemed-Retractible | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 22.72 Evaluated at bid price : 23.01 Bid-YTW : 5.28 % |
TRP.PR.C | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 8.90 Evaluated at bid price : 8.90 Bid-YTW : 5.47 % |
TRP.PR.J | FixedReset Prem | 1.07 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.45 Bid-YTW : 3.00 % |
BAM.PR.Z | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 5.48 % |
IFC.PR.A | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 12.04 Evaluated at bid price : 12.04 Bid-YTW : 4.84 % |
IFC.PR.C | FixedReset Ins Non | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 15.99 Evaluated at bid price : 15.99 Bid-YTW : 4.86 % |
TRP.PR.K | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 23.42 Evaluated at bid price : 24.45 Bid-YTW : 4.97 % |
TD.PF.I | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 21.63 Evaluated at bid price : 22.05 Bid-YTW : 3.98 % |
MFC.PR.H | FixedReset Ins Non | 1.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 4.57 % |
TRP.PR.A | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 12.36 Evaluated at bid price : 12.36 Bid-YTW : 5.38 % |
MFC.PR.Q | FixedReset Ins Non | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 4.52 % |
EIT.PR.B | SplitShare | 1.44 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2025-03-14 Maturity Price : 25.00 Evaluated at bid price : 25.36 Bid-YTW : 4.40 % |
SLF.PR.H | FixedReset Ins Non | 1.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 14.21 Evaluated at bid price : 14.21 Bid-YTW : 4.59 % |
NA.PR.E | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 4.26 % |
SLF.PR.J | FloatingReset | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 9.45 Evaluated at bid price : 9.45 Bid-YTW : 4.17 % |
MFC.PR.I | FixedReset Ins Non | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 18.44 Evaluated at bid price : 18.44 Bid-YTW : 4.56 % |
TD.PF.D | FixedReset Disc | 3.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 19.36 Evaluated at bid price : 19.36 Bid-YTW : 4.14 % |
SLF.PR.G | FixedReset Ins Non | 3.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 10.18 Evaluated at bid price : 10.18 Bid-YTW : 4.48 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
TD.PF.C | FixedReset Disc | 97,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 4.09 % |
PWF.PR.I | Perpetual-Premium | 91,950 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-09-23 Maturity Price : 25.00 Evaluated at bid price : 25.17 Bid-YTW : 2.52 % |
TD.PF.A | FixedReset Disc | 82,442 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 4.01 % |
NA.PR.S | FixedReset Disc | 79,080 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 17.42 Evaluated at bid price : 17.42 Bid-YTW : 4.36 % |
SLF.PR.C | Deemed-Retractible | 72,315 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.30 % |
CM.PR.O | FixedReset Disc | 62,450 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-08-24 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 4.20 % |
There were 18 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
IAF.PR.G | FixedReset Ins Non | Quote: 18.40 – 25.00 Spot Rate : 6.6000 Average : 4.2997 YTW SCENARIO |
CM.PR.Q | FixedReset Disc | Quote: 18.21 – 18.90 Spot Rate : 0.6900 Average : 0.4395 YTW SCENARIO |
RY.PR.H | FixedReset Disc | Quote: 17.90 – 18.49 Spot Rate : 0.5900 Average : 0.3838 YTW SCENARIO |
W.PR.K | FixedReset Disc | Quote: 25.00 – 25.50 Spot Rate : 0.5000 Average : 0.3316 YTW SCENARIO |
BAM.PF.B | FixedReset Disc | Quote: 15.45 – 16.00 Spot Rate : 0.5500 Average : 0.3946 YTW SCENARIO |
BIP.PR.E | FixedReset Disc | Quote: 21.14 – 21.50 Spot Rate : 0.3600 Average : 0.2454 YTW SCENARIO |
Dundee Amends Bid for DC.PR.B; Now Bidding 19.50
Monday, August 24th, 2020Dundee Corporation has announced:
I don’t know how the requirement to retender shares will interact with procedures at the various brokerages; those who have tendered are urged to contact their brokers and ensure that their shares are properly retendered.
The original Normal Course Issuer Bid (a Dutch Auction) was discussed on PrefBlog. Thanks to Assiduous Reader Dan Good for bringing this amendment to our attention.
Posted in Issue Comments | No Comments »