These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
| April 2010 | ||||
| Issue | Index | DBRS Rating | Monthly Performance | Notes (“Now” means “April 30”) |
| ELF.PR.F | Perpetual-Discount | Pfd-2(low) | -6.35% | Now with a pre-tax bid-YTW of 7.34% based on a bid of 18.28 and a limitMaturity. |
| PWF.PR.G | Perpetual-Discount | Pfd-1(low) | -5.61% | Now with a pre-tax bid-YTW of 6.59% based on a bid of 22.48 and a limitMaturity. |
| GWO.PR.L | Perpetual-Discount | Pfd-1(low) | -5.35% | Now with a pre-tax bid-YTW of 6.48% based on a bid of 22.10 and a limitMaturity. |
| GWO.PR.M | Perpetual-Discount | Pfd-1(low) | -5.32% | Now with a pre-tax bid-YTW of 6.38% based on a bid of 18.36 and a limitMaturity. |
| BNS.PR.T | Fixed-Reset | Pfd-1(low) | -5.29% | I don’t think we’ve ever seen a FixedReset in this part of the table before! Now with a pre-tax bid-YTW of 4.96% based on a bid of 26.26 and a call 2014-5-25 at 25.00. |
| … | … | … | … | … |
| CM.PR.A | OpRet | Pfd-1(low) | +0.59% | Now with a pre-tax bid-TTW of -8.94% based on a bid of 25.55 and a call 2010-5-30 at 25.25. If it somehow survives to its SoftMaturity 2011-7-30 it will have yielded 3.51% … but you won’t see me betting on that! |
| PWF.PR.A | Floater | Pfd-1(low) | +0.85% | Will be dropped from the Floater index due to low volume. |
| BAM.PR.G | FixFloat | Pfd-2(low) | +0.96% | The second best performer in March and the fifth-best performer in February. Strong pair with BAM.PR.E |
| PWF.PR.D | OpRet | Pfd-1(low) | +1.58% | Now with a pre-tax bid-YTW of -8.46% based on a bid of 25.89 and a call 2010-5-30 at 25.60. If it makes it to its SoftMaturity 2012-10-30 at 25.00, it will have yielded 3.72% … another bet I won’t take! |
| BMO.PR.L | Perpetual-Discount | Pfd-1(low) | +1.74% | Now with a pre-tax bid-YTW of 6.07% based on a bid of 23.90 and a limitMaturity. |
Nice to see an end to the Floating Rate hegemony over the Best Performers!
[…] third-best performer in April and a regular guest on this table – as have been all Floating Rate issues throughout the […]