October 7, 2021

October 7th, 2021
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 -0.3493 % 2,696.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3493 % 4,947.5
Floater 3.22 % 3.21 % 48,973 19.22 3 -0.3493 % 2,851.3
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2599 % 3,703.2
SplitShare 4.63 % 3.75 % 47,615 3.80 6 -0.2599 % 4,422.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2599 % 3,450.5
Perpetual-Premium 5.04 % -8.95 % 54,837 0.09 34 -0.6274 % 3,298.3
Perpetual-Discount 0.00 % 0.00 % 0 0.00 0 -0.6274 % 3,969.3
FixedReset Disc 3.86 % 3.73 % 101,509 17.62 39 0.2319 % 2,887.0
Insurance Straight 4.89 % -6.53 % 78,995 0.09 19 -0.1026 % 3,725.7
FloatingReset 2.89 % 2.91 % 29,614 19.99 1 0.6857 % 2,741.1
FixedReset Prem 4.67 % 2.86 % 131,883 2.11 33 -0.0964 % 2,761.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2319 % 2,951.1
FixedReset Ins Non 4.06 % 3.50 % 93,538 17.75 19 -0.0740 % 2,981.3
Performance Highlights
Issue Index Change Notes
SLF.PR.G FixedReset Ins Non -3.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 3.37 %
BAM.PR.K Floater -2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 3.29 %
BIP.PR.B FixedReset Prem -2.19 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.47
Bid-YTW : 5.06 %
PVS.PR.G SplitShare -1.87 % YTW SCENARIO
Maturity Type : Option Certainty
Maturity Date : 2026-02-28
Maturity Price : 25.00
Evaluated at bid price : 25.71
Bid-YTW : 4.31 %
GWO.PR.T Insurance Straight -1.35 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-06-30
Maturity Price : 26.00
Evaluated at bid price : 26.40
Bid-YTW : 2.98 %
IFC.PR.I Perpetual-Premium -1.28 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-03-31
Maturity Price : 26.00
Evaluated at bid price : 27.10
Bid-YTW : 3.94 %
FTS.PR.K FixedReset Disc -1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 21.30
Evaluated at bid price : 21.60
Bid-YTW : 3.76 %
MFC.PR.F FixedReset Ins Non -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 3.41 %
FTS.PR.M FixedReset Disc 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 22.62
Evaluated at bid price : 23.34
Bid-YTW : 3.87 %
TD.PF.B FixedReset Disc 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 23.12
Evaluated at bid price : 24.27
Bid-YTW : 3.42 %
BAM.PR.B Floater 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 13.44
Evaluated at bid price : 13.44
Bid-YTW : 3.20 %
IFC.PR.A FixedReset Ins Non 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 21.28
Evaluated at bid price : 21.28
Bid-YTW : 3.36 %
SLF.PR.H FixedReset Ins Non 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 22.44
Evaluated at bid price : 23.30
Bid-YTW : 3.45 %
TRP.PR.D FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 21.49
Evaluated at bid price : 21.86
Bid-YTW : 4.01 %
TD.PF.L FixedReset Prem 1.79 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-04-30
Maturity Price : 25.00
Evaluated at bid price : 26.75
Bid-YTW : 2.24 %
BAM.PF.H FixedReset Prem 2.02 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 27.75
Bid-YTW : 2.30 %
TRP.PR.A FixedReset Disc 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 19.26
Evaluated at bid price : 19.26
Bid-YTW : 4.04 %
BAM.PR.R FixedReset Disc 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 4.06 %
BAM.PR.X FixedReset Disc 3.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 18.14
Evaluated at bid price : 18.14
Bid-YTW : 4.00 %
Volume Highlights
Issue Index Shares
Traded
Notes
BMO.PR.D FixedReset Prem 100,000 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-08-25
Maturity Price : 25.00
Evaluated at bid price : 25.61
Bid-YTW : 2.21 %
PWF.PR.I Perpetual-Premium 64,469 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-06
Maturity Price : 25.00
Evaluated at bid price : 25.03
Bid-YTW : -0.26 %
BAM.PF.D Perpetual-Premium 58,473 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-06
Maturity Price : 25.25
Evaluated at bid price : 25.48
Bid-YTW : -5.01 %
PWF.PR.Z Perpetual-Premium 28,400 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.25
Evaluated at bid price : 26.00
Bid-YTW : 4.18 %
MFC.PR.I FixedReset Ins Non 27,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 24.00
Evaluated at bid price : 25.12
Bid-YTW : 3.90 %
CM.PR.R FixedReset Prem 25,470 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-07-31
Maturity Price : 25.00
Evaluated at bid price : 25.45
Bid-YTW : 1.87 %
There were 13 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
SLF.PR.G FixedReset Ins Non Quote: 17.78 – 18.50
Spot Rate : 0.7200
Average : 0.4878

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 3.37 %

PWF.PR.Z Perpetual-Premium Quote: 26.00 – 26.50
Spot Rate : 0.5000
Average : 0.3431

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.25
Evaluated at bid price : 26.00
Bid-YTW : 4.18 %

IFC.PR.I Perpetual-Premium Quote: 27.10 – 27.70
Spot Rate : 0.6000
Average : 0.4577

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-03-31
Maturity Price : 26.00
Evaluated at bid price : 27.10
Bid-YTW : 3.94 %

PWF.PR.P FixedReset Disc Quote: 16.66 – 18.00
Spot Rate : 1.3400
Average : 1.2117

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-07
Maturity Price : 16.66
Evaluated at bid price : 16.66
Bid-YTW : 3.82 %

BAM.PF.D Perpetual-Premium Quote: 25.48 – 25.84
Spot Rate : 0.3600
Average : 0.2495

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-06
Maturity Price : 25.25
Evaluated at bid price : 25.48
Bid-YTW : -5.01 %

PWF.PR.S Perpetual-Premium Quote: 25.15 – 25.65
Spot Rate : 0.5000
Average : 0.4094

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.15
Bid-YTW : 3.12 %

PWF.PR.I To Be Redeemed

October 6th, 2021

Power Corporation of Canada and Power Financial Corporation have announced:

Upon completion of the offering, Power Financial intends to redeem all of its outstanding $200 million First Preferred Shares, Series I.

The offering in the quoted paragraph refers to a today’s announcement of a new issue of 4.50% Straight Perpetuals.

PWF.PR.I is a Straight Perpetual, 6.00%, that commenced trading 2003-3-11. It has been tracked by HIMIPref™ and is assigned to the PerpetualPremium subindex.

New Issue: PWF Straight Perpetual 4.50%

October 6th, 2021

Power Corporation of Canada and Power Financial Corporation have announced:

that Power Financial has agreed to issue 8,000,000 Non-Cumulative First Preferred Shares, Series 23 in the capital of Power Financial (the “Series 23 Shares”) on a bought deal basis, for gross proceeds of $200 million. The Series 23 Shares will be priced at $25.00 per share and will carry an annual dividend yield of 4.50%. Closing is expected on or about October 15, 2021. The issue will be underwritten by a syndicate of underwriters led by BMO Capital Markets, RBC Capital Markets and Scotiabank.

The net proceeds of this offering will be used by Power Financial for general corporate purposes. Upon completion of the offering, Power Financial intends to redeem all of its outstanding $200 million First Preferred Shares, Series I.

October 6, 2021

October 6th, 2021

Long corporates are now at 3.06%.

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 0.3505 % 2,705.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.3505 % 4,964.8
Floater 3.21 % 3.21 % 49,050 19.22 3 0.3505 % 2,861.3
OpRet 0.00 % 0.00 % 0 0.00 0 0.2187 % 3,712.8
SplitShare 4.62 % 3.75 % 45,138 3.68 6 0.2187 % 4,433.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2187 % 3,459.5
Perpetual-Premium 5.00 % -15.93 % 54,976 0.09 34 -0.3144 % 3,319.2
Perpetual-Discount 0.00 % 0.00 % 0 0.00 0 -0.3144 % 3,994.4
FixedReset Disc 3.87 % 3.59 % 102,947 17.68 39 -1.2637 % 2,880.3
Insurance Straight 4.89 % -8.51 % 82,272 0.09 19 -0.1925 % 3,729.5
FloatingReset 2.91 % 2.93 % 29,796 19.94 1 0.0000 % 2,722.4
FixedReset Prem 4.66 % 2.99 % 132,371 2.19 33 -0.3935 % 2,764.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -1.2637 % 2,944.3
FixedReset Ins Non 4.06 % 3.49 % 96,951 17.75 19 -0.6438 % 2,983.5
Performance Highlights
Issue Index Change Notes
PWF.PR.P FixedReset Disc -7.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 16.65
Evaluated at bid price : 16.65
Bid-YTW : 3.87 %
BAM.PR.X FixedReset Disc -3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 4.12 %
TRP.PR.A FixedReset Disc -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 4.15 %
BAM.PR.R FixedReset Disc -3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 4.18 %
CU.PR.C FixedReset Disc -2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.07
Evaluated at bid price : 22.69
Bid-YTW : 3.83 %
FTS.PR.M FixedReset Disc -2.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.47
Evaluated at bid price : 23.08
Bid-YTW : 3.92 %
BIP.PR.B FixedReset Prem -2.47 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 26.04
Bid-YTW : 4.47 %
PWF.PR.I Perpetual-Premium -2.46 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-05
Maturity Price : 25.00
Evaluated at bid price : 25.41
Bid-YTW : -0.69 %
SLF.PR.H FixedReset Ins Non -2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.28
Evaluated at bid price : 23.00
Bid-YTW : 3.50 %
TRP.PR.D FixedReset Disc -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 21.24
Evaluated at bid price : 21.52
Bid-YTW : 4.08 %
BAM.PF.H FixedReset Prem -1.98 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 27.20
Bid-YTW : 2.82 %
IFC.PR.A FixedReset Ins Non -1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 21.02
Evaluated at bid price : 21.02
Bid-YTW : 3.41 %
RY.PR.M FixedReset Disc -1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 23.01
Evaluated at bid price : 24.40
Bid-YTW : 3.59 %
MFC.PR.F FixedReset Ins Non -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 3.37 %
BAM.PF.B FixedReset Disc -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.80
Evaluated at bid price : 23.50
Bid-YTW : 4.03 %
BAM.PF.E FixedReset Disc -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 21.68
Evaluated at bid price : 21.95
Bid-YTW : 4.13 %
BAM.PR.T FixedReset Disc -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 4.10 %
TD.PF.B FixedReset Disc -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 23.10
Evaluated at bid price : 24.22
Bid-YTW : 3.48 %
CM.PR.P FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.97
Evaluated at bid price : 24.09
Bid-YTW : 3.47 %
TD.PF.L FixedReset Prem -1.44 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2024-04-30
Maturity Price : 25.00
Evaluated at bid price : 26.60
Bid-YTW : 2.99 %
SLF.PR.G FixedReset Ins Non -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 18.42
Evaluated at bid price : 18.42
Bid-YTW : 3.25 %
BAM.PF.F FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.91
Evaluated at bid price : 23.85
Bid-YTW : 4.11 %
CM.PR.Q FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.00
Evaluated at bid price : 24.70
Bid-YTW : 3.44 %
RY.PR.Z FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 23.03
Evaluated at bid price : 24.00
Bid-YTW : 3.45 %
BAM.PR.C Floater -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 13.40
Evaluated at bid price : 13.40
Bid-YTW : 3.21 %
ELF.PR.G Perpetual-Premium -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 24.56
Evaluated at bid price : 24.81
Bid-YTW : 4.79 %
BIP.PR.A FixedReset Disc -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 23.06
Evaluated at bid price : 24.41
Bid-YTW : 4.57 %
GWO.PR.N FixedReset Ins Non 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 16.70
Evaluated at bid price : 16.70
Bid-YTW : 3.39 %
BAM.PR.K Floater 3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 13.40
Evaluated at bid price : 13.40
Bid-YTW : 3.21 %
Volume Highlights
Issue Index Shares
Traded
Notes
PWF.PR.I Perpetual-Premium 98,680 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-05
Maturity Price : 25.00
Evaluated at bid price : 25.41
Bid-YTW : -0.69 %
RY.PR.H FixedReset Disc 88,871 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 23.05
Evaluated at bid price : 24.12
Bid-YTW : 3.47 %
MFC.PR.I FixedReset Ins Non 41,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 24.01
Evaluated at bid price : 25.14
Bid-YTW : 3.89 %
FTS.PR.M FixedReset Disc 32,489 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.47
Evaluated at bid price : 23.08
Bid-YTW : 3.92 %
BAM.PF.B FixedReset Disc 32,124 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.80
Evaluated at bid price : 23.50
Bid-YTW : 4.03 %
SLF.PR.G FixedReset Ins Non 29,708 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 18.42
Evaluated at bid price : 18.42
Bid-YTW : 3.25 %
There were 20 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TD.PF.D FixedReset Disc Quote: 24.87 – 27.30
Spot Rate : 2.4300
Average : 1.3151

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.00
Evaluated at bid price : 24.87
Bid-YTW : 3.53 %

PVS.PR.G SplitShare Quote: 26.20 – 27.72
Spot Rate : 1.5200
Average : 0.9577

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-05
Maturity Price : 26.00
Evaluated at bid price : 26.20
Bid-YTW : -0.10 %

PWF.PR.P FixedReset Disc Quote: 16.65 – 18.25
Spot Rate : 1.6000
Average : 1.0710

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 16.65
Evaluated at bid price : 16.65
Bid-YTW : 3.87 %

BAM.PR.X FixedReset Disc Quote: 17.60 – 18.54
Spot Rate : 0.9400
Average : 0.5583

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 4.12 %

BAM.PR.R FixedReset Disc Quote: 20.20 – 20.92
Spot Rate : 0.7200
Average : 0.4713

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 4.18 %

FTS.PR.M FixedReset Disc Quote: 23.08 – 23.70
Spot Rate : 0.6200
Average : 0.3826

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-06
Maturity Price : 22.47
Evaluated at bid price : 23.08
Bid-YTW : 3.92 %

GDV.PR.A To Get Bigger

October 5th, 2021

Brompton Group has announced:

Global Dividend Growth Split Corp. (the “Company”) is pleased to announce it is undertaking an overnight treasury offering of class A and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively).

The sales period for this overnight offering will end at 9:00 a.m. (ET) on Wednesday, October 6, 2021. The offering is expected to close on or about October 13, 2021 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (“TSX”).

The Class A Shares will be offered at a price of $12.25 per Class A Share for a distribution rate of 9.8% on the issue price, and the Preferred Shares will be offered at a price of $10.05 per Preferred Share for a yield to maturity of 4.9%. The closing price on the TSX for each of the Class A Shares and Preferred Shares on October 4, 2021 was $12.51 and $10.50, respectively. The Class A Share and Preferred Share offering prices were determined so as to be non-dilutive to the most recently calculated net asset value per unit of the Company (“Unit”) (calculated as at October 4, 2021), as adjusted for dividends and certain expenses to be accrued prior to or upon settlement of the offering. The offering is being led by RBC Capital Markets.

The Company invests in a diversified portfolio (the “Portfolio”) of equity securities of large capitalization global dividend growth companies selected by the Brompton Funds Limited (the “Manager”). In order to qualify for inclusion in the Portfolio, at the time of investment and at the time of each periodic reconstitution and/or rebalancing of the Portfolio, each global dividend growth company included in the Portfolio must (i) have a market capitalization of at least $10 billion; and (ii) have a history of dividend growth or, in the Manager’s view, have high potential for future dividend growth.

The investment objectives for the Class A Shares are to provide holders with regular monthly cash distributions and to provide the opportunity for capital appreciation through exposure to the Portfolio.

The investment objectives for the Preferred Shares are to provide holders with fixed cumulative preferential quarterly cash distributions, currently in the amount of $0.125 per Preferred Share, and to return the original issue price to holders of Preferred Shares on June 30, 2026.

So whole units are offered for a total of 22.30 per Unit, while the October 4 NAVPU is 20.86; a premium of 6.90%. What a glorious business this is!

October 5, 2021

October 5th, 2021
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 -0.1750 % 2,696.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.1750 % 4,947.5
Floater 3.22 % 3.21 % 50,674 19.23 3 -0.1750 % 2,851.3
OpRet 0.00 % 0.00 % 0 0.00 0 -0.3429 % 3,704.7
SplitShare 4.63 % 3.75 % 44,685 3.80 6 -0.3429 % 4,424.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.3429 % 3,452.0
Perpetual-Premium 4.99 % -19.83 % 50,965 0.09 34 -0.0420 % 3,329.6
Perpetual-Discount 0.00 % 0.00 % 0 0.00 0 -0.0420 % 4,007.0
FixedReset Disc 3.82 % 3.56 % 103,361 17.71 39 0.5984 % 2,917.2
Insurance Straight 4.88 % -9.13 % 82,271 0.09 19 -0.0246 % 3,736.7
FloatingReset 2.91 % 2.93 % 30,122 19.94 1 0.7484 % 2,722.4
FixedReset Prem 4.64 % 2.72 % 135,054 2.11 33 0.1243 % 2,775.2
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5984 % 2,981.9
FixedReset Ins Non 4.03 % 3.43 % 94,074 17.80 19 1.1743 % 3,002.8
Performance Highlights
Issue Index Change Notes
BAM.PR.K Floater -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 12.99
Evaluated at bid price : 12.99
Bid-YTW : 3.32 %
TRP.PR.E FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 21.38
Evaluated at bid price : 21.70
Bid-YTW : 4.00 %
NA.PR.E FixedReset Prem 1.09 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2023-05-15
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 3.38 %
MFC.PR.Q FixedReset Ins Non 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.82
Evaluated at bid price : 25.44
Bid-YTW : 3.57 %
BAM.PF.J FixedReset Prem 1.13 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.90
Bid-YTW : 1.86 %
BAM.PF.B FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.00
Evaluated at bid price : 23.89
Bid-YTW : 3.95 %
CU.PR.C FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 22.64
Evaluated at bid price : 23.29
Bid-YTW : 3.73 %
BAM.PF.E FixedReset Disc 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 21.93
Evaluated at bid price : 22.30
Bid-YTW : 4.06 %
NA.PR.S FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.44
Evaluated at bid price : 24.98
Bid-YTW : 3.43 %
BAM.PR.C Floater 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 13.55
Evaluated at bid price : 13.55
Bid-YTW : 3.18 %
TRP.PR.B FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 13.85
Evaluated at bid price : 13.85
Bid-YTW : 4.07 %
BIP.PR.A FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-30
Maturity Price : 25.00
Evaluated at bid price : 24.66
Bid-YTW : 4.41 %
NA.PR.W FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.21
Evaluated at bid price : 24.68
Bid-YTW : 3.34 %
BAM.PR.R FixedReset Disc 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 20.86
Evaluated at bid price : 20.86
Bid-YTW : 4.04 %
TRP.PR.G FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.02
Evaluated at bid price : 24.43
Bid-YTW : 3.93 %
BAM.PR.T FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 4.04 %
MFC.PR.N FixedReset Ins Non 1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.04
Evaluated at bid price : 24.28
Bid-YTW : 3.46 %
TRP.PR.C FixedReset Disc 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 15.95
Evaluated at bid price : 15.95
Bid-YTW : 3.90 %
GWO.PR.N FixedReset Ins Non 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 3.43 %
BAM.PF.H FixedReset Prem 2.02 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 27.75
Bid-YTW : 2.29 %
SLF.PR.H FixedReset Ins Non 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 22.56
Evaluated at bid price : 23.54
Bid-YTW : 3.40 %
TRP.PR.A FixedReset Disc 3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 19.38
Evaluated at bid price : 19.38
Bid-YTW : 4.01 %
SLF.PR.G FixedReset Ins Non 7.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 3.20 %
MFC.PR.F FixedReset Ins Non 8.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 18.71
Evaluated at bid price : 18.71
Bid-YTW : 3.32 %
Volume Highlights
Issue Index Shares
Traded
Notes
BMO.PR.D FixedReset Prem 100,200 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-08-25
Maturity Price : 25.00
Evaluated at bid price : 25.68
Bid-YTW : 1.88 %
SLF.PR.G FixedReset Ins Non 88,008 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 18.69
Evaluated at bid price : 18.69
Bid-YTW : 3.20 %
RY.PR.H FixedReset Disc 59,230 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.15
Evaluated at bid price : 24.35
Bid-YTW : 3.42 %
MFC.PR.M FixedReset Ins Non 55,316 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.12
Evaluated at bid price : 24.39
Bid-YTW : 3.52 %
TD.PF.D FixedReset Disc 34,210 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 3.25 %
NA.PR.S FixedReset Disc 30,950 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 23.44
Evaluated at bid price : 24.98
Bid-YTW : 3.43 %
There were 25 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CU.PR.C FixedReset Disc Quote: 23.29 – 25.00
Spot Rate : 1.7100
Average : 1.1379

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 22.64
Evaluated at bid price : 23.29
Bid-YTW : 3.73 %

GWO.PR.N FixedReset Ins Non Quote: 16.50 – 17.50
Spot Rate : 1.0000
Average : 0.6073

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 16.50
Evaluated at bid price : 16.50
Bid-YTW : 3.43 %

RY.PR.O Perpetual-Premium Quote: 26.23 – 27.15
Spot Rate : 0.9200
Average : 0.6549

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-24
Maturity Price : 25.75
Evaluated at bid price : 26.23
Bid-YTW : -4.73 %

TRP.PR.F FloatingReset Quote: 17.50 – 18.60
Spot Rate : 1.1000
Average : 0.8691

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 2.93 %

BAM.PR.K Floater Quote: 12.99 – 13.78
Spot Rate : 0.7900
Average : 0.6861

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 12.99
Evaluated at bid price : 12.99
Bid-YTW : 3.32 %

FTS.PR.H FixedReset Disc Quote: 16.22 – 16.54
Spot Rate : 0.3200
Average : 0.2271

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-05
Maturity Price : 16.22
Evaluated at bid price : 16.22
Bid-YTW : 3.75 %

FTN.PR.A : Dividend Remains at 6.75% until 2022-11-30

October 4th, 2021

Quadravest has announced:

Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2021. Monthly payments to the FTN.PR.A Preferred Share will be maintained at $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This represents no change from the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc. Goldman SachsGroup Inc.
Royal Bank of Canada Great-West Lifeco Inc. JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

The initial temporary increase in dividend was announced last year.

FFN.PR.A : Dividend Remains at 6.75% until 2022-11-30

October 4th, 2021

On September 23, 2020, Quadravest announced:

North American Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2020. Monthlypayments to the FFN.PR.A Preferred Share will be $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This is an increase of one and a quarter percent over the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada
Inc.
Goldman Sachs Group Inc.
Royal / of Canada Great-West Lifeco Inc. JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

They have further announced (on 2021-10-1):

North American Financial 15 Split Corp. (the “Company”) is pleased to announce the Preferred Share dividend rate for the fiscal year beginning December 1, 2021. Monthly payments to the FFN.PR.A Preferred Share will be maintained at $0.05625 per Share for an annual yield of 6.75% on their $10 redemption value. This represents no
change from the current rate.

The Company invests in an actively managed, high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows:

Bank of Montreal National Bank of Canada Bank of America Corp.
The Bank of Nova Scotia Manulife Financial Corporation Citigroup Inc.
Canadian Imperial Bank of Commerce Sun Life Financial Services of Canada Inc. Goldman Sachs Group Inc.
Royal Bank of Canada Great-West Lifeco Inc. JP Morgan Chase & Co.
The Toronto-Dominion Bank CI Financial Corp. Wells Fargo & Co.

TD.PF.H To Be Redeemed

October 4th, 2021

The Toronto-Dominion Bank has announced (on September 24):

that it will exercise its right to redeem all of its 40,000,000 outstanding Non-Cumulative 5-Year Rate Reset Class A First Preferred Shares, Series 14 (Non-Viability Contingent Capital) (the “Series 14 Shares”) on October 31, 2021 at the price of $25.00 per Series 14 Share for an aggregate total of approximately $1 billion.

On August 26, 2021, TD announced that dividends of $0.303125 per Series 14 Share had been declared. These will be the final dividends on the Series 14 Shares, and will be paid in the usual manner on October 31, 2021 to shareholders of record on October 8, 2021, as previously announced. After October 31, 2021, the Series 14 Shares will cease to be entitled to dividends and the only remaining rights of holders of such shares will be to receive payment of the redemption amount.

Beneficial holders who are not directly the registered holder of Series 14 Shares should contact the financial institution, broker or other intermediary through which they hold these shares to confirm how they will receive their redemption proceeds. Inquiries should be directed to our Registrar and Transfer Agent, AST Trust Company (Canada), at 1-800-387-0825 (or in Toronto 416-682-3860).

TD.PF.H is a FixedReset, 4.85%+412, NVCC, that commenced trading 2016-9-29 after being announced 2016-8-29. It is a monster issue, the largest in the market, with 40-million shares (=$1-billion p.v.) outstanding.

October 4, 2021

October 4th, 2021
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 0.4267 % 2,701.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4267 % 4,956.2
Floater 3.21 % 3.22 % 50,563 19.21 3 0.4267 % 2,856.3
OpRet 0.00 % 0.00 % 0 0.00 0 0.1444 % 3,717.5
SplitShare 4.61 % 3.69 % 41,385 3.81 6 0.1444 % 4,439.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1444 % 3,463.8
Perpetual-Premium 4.99 % -19.55 % 51,338 0.09 34 0.1318 % 3,331.0
Perpetual-Discount 0.00 % 0.00 % 0 0.00 0 0.1318 % 4,008.7
FixedReset Disc 3.84 % 3.53 % 100,468 17.60 39 0.5734 % 2,899.8
Insurance Straight 4.88 % -12.00 % 83,243 0.09 19 -0.0552 % 3,737.6
FloatingReset 2.94 % 2.95 % 31,179 19.89 1 5.8501 % 2,702.2
FixedReset Prem 4.65 % 2.82 % 130,682 2.39 33 -0.0117 % 2,771.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.5734 % 2,964.2
FixedReset Ins Non 4.08 % 3.50 % 89,518 17.76 19 0.0970 % 2,968.0
Performance Highlights
Issue Index Change Notes
BIP.PR.B FixedReset Prem -1.51 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 26.80
Bid-YTW : 3.69 %
BAM.PF.F FixedReset Disc -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.97
Evaluated at bid price : 23.99
Bid-YTW : 4.08 %
TRP.PR.D FixedReset Disc 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 21.57
Evaluated at bid price : 21.97
Bid-YTW : 3.98 %
FTS.PR.K FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 21.43
Evaluated at bid price : 21.77
Bid-YTW : 3.72 %
BMO.PR.S FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 23.30
Evaluated at bid price : 24.61
Bid-YTW : 3.46 %
BAM.PR.N Perpetual-Premium 1.03 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-03
Maturity Price : 25.00
Evaluated at bid price : 25.57
Bid-YTW : -20.90 %
TRP.PR.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 21.47
Evaluated at bid price : 21.47
Bid-YTW : 4.07 %
PWF.PR.I Perpetual-Premium 1.04 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-03
Maturity Price : 25.00
Evaluated at bid price : 26.13
Bid-YTW : -32.24 %
BAM.PR.X FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 4.01 %
FTS.PR.F Perpetual-Premium 1.18 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-03
Maturity Price : 25.00
Evaluated at bid price : 25.70
Bid-YTW : -22.06 %
FTS.PR.H FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 16.27
Evaluated at bid price : 16.27
Bid-YTW : 3.74 %
BAM.PF.E FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 21.72
Evaluated at bid price : 22.01
Bid-YTW : 4.12 %
RS.PR.A SplitShare 1.43 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-12-31
Maturity Price : 10.00
Evaluated at bid price : 10.65
Bid-YTW : 3.62 %
BAM.PR.K Floater 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 13.22
Evaluated at bid price : 13.22
Bid-YTW : 3.26 %
FTS.PR.M FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.76
Evaluated at bid price : 23.61
Bid-YTW : 3.81 %
FTS.PR.G FixedReset Disc 3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.34
Evaluated at bid price : 22.66
Bid-YTW : 3.68 %
TRP.PR.C FixedReset Disc 3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 15.66
Evaluated at bid price : 15.66
Bid-YTW : 3.97 %
BAM.PR.T FixedReset Disc 4.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 4.10 %
TRP.PR.F FloatingReset 5.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 17.37
Evaluated at bid price : 17.37
Bid-YTW : 2.95 %
Volume Highlights
Issue Index Shares
Traded
Notes
TD.PF.A FixedReset Disc 143,450 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 23.08
Evaluated at bid price : 24.26
Bid-YTW : 3.44 %
BAM.PF.G FixedReset Disc 64,885 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.61
Evaluated at bid price : 23.45
Bid-YTW : 4.02 %
MFC.PR.F FixedReset Ins Non 64,586 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 3.61 %
MFC.PR.M FixedReset Ins Non 34,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 23.06
Evaluated at bid price : 24.26
Bid-YTW : 3.54 %
PWF.PR.P FixedReset Disc 33,402 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 17.94
Evaluated at bid price : 17.94
Bid-YTW : 3.59 %
NA.PR.W FixedReset Disc 30,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 23.16
Evaluated at bid price : 24.55
Bid-YTW : 3.42 %
There were 12 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
SLF.PR.E Insurance Straight Quote: 25.35 – 26.35
Spot Rate : 1.0000
Average : 0.5681

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-11-03
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : -11.49 %

SLF.PR.G FixedReset Ins Non Quote: 17.40 – 18.57
Spot Rate : 1.1700
Average : 0.8301

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 3.44 %

PWF.PR.P FixedReset Disc Quote: 17.94 – 18.64
Spot Rate : 0.7000
Average : 0.4262

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 17.94
Evaluated at bid price : 17.94
Bid-YTW : 3.59 %

BMO.PR.W FixedReset Disc Quote: 24.39 – 24.97
Spot Rate : 0.5800
Average : 0.3681

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 23.13
Evaluated at bid price : 24.39
Bid-YTW : 3.41 %

SLF.PR.H FixedReset Ins Non Quote: 23.00 – 23.94
Spot Rate : 0.9400
Average : 0.7416

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.28
Evaluated at bid price : 23.00
Bid-YTW : 3.50 %

CU.PR.C FixedReset Disc Quote: 23.00 – 23.70
Spot Rate : 0.7000
Average : 0.5106

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2051-10-04
Maturity Price : 22.25
Evaluated at bid price : 23.00
Bid-YTW : 3.77 %