The new issue announcement by TD today probably didn’t help a lot either.
Opening day wasn’t very good, but was at least better than the EPP.PR.A, BAM.PR.N and CCS.PR.A opening days of late last spring. 84,620 shares traded in a range of 24.50-70, closing at 24.50-55, 10×32.
As of the close, HIMIPref™ estimates the fair value of this issue to be 24.67. The issue has been entered into the HIMIPref™ database with a securityCode of A40007. A reorgDataEntry has been created to reflect the change from the preIssue code of P25008.
Update: This issue has been added to the PerpetualDiscount Index.