Brookfield is doubling-up on General Growth.
It was another good day on good volume for the Canadian preferred share market, with PerpetualDiscounts up 13bp and FixedResets gaining 4bp.
| 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 | 0.4278 % | 2,339.4 |
| FixedFloater | 4.77 % | 3.45 % | 25,848 | 19.21 | 1 | 0.0000 % | 3,570.3 |
| Floater | 2.56 % | 2.33 % | 40,727 | 21.37 | 4 | 0.4278 % | 2,526.0 |
| OpRet | 4.81 % | 3.38 % | 65,007 | 2.29 | 8 | -0.0482 % | 2,389.9 |
| SplitShare | 5.29 % | 1.24 % | 506,655 | 0.89 | 4 | 0.2903 % | 2,470.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0482 % | 2,185.4 |
| Perpetual-Premium | 5.64 % | 5.31 % | 140,837 | 5.32 | 20 | 0.0118 % | 2,030.7 |
| Perpetual-Discount | 5.30 % | 5.29 % | 260,890 | 14.97 | 57 | 0.1317 % | 2,087.1 |
| FixedReset | 5.22 % | 3.37 % | 281,764 | 3.05 | 52 | 0.0431 % | 2,278.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CM.PR.D | Perpetual-Premium | 1.14 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2011-02-17 Maturity Price : 25.50 Evaluated at bid price : 25.62 Bid-YTW : -2.69 % |
| NA.PR.N | FixedReset | 1.33 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2013-09-14 Maturity Price : 25.00 Evaluated at bid price : 26.65 Bid-YTW : 2.58 % |
| BNA.PR.C | SplitShare | 1.38 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2019-01-10 Maturity Price : 25.00 Evaluated at bid price : 22.76 Bid-YTW : 5.89 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.A | FixedReset | 107,675 | Nesbitt crossed 100,000 at 26.00. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.98 Bid-YTW : 3.62 % |
| TD.PR.Q | Perpetual-Premium | 105,300 | Scotia crossed 28,000 at 25.75. Desjardins crossed blocks of 31,000 at 25.75 and 45,000 at 25.71. YTW SCENARIO Maturity Type : Call Maturity Date : 2017-03-02 Maturity Price : 25.00 Evaluated at bid price : 25.66 Bid-YTW : 5.09 % |
| BAM.PR.T | FixedReset | 102,405 | Nebitt crossed 10,000 at 24.98. RBC bought 16,300 from Scotia at 24.99. RBC crossed 21,900 at 25.00, and sold blocks of 11,800 and 12,800 to TD at the same price. YTW SCENARIO Maturity Type : Call Maturity Date : 2017-04-30 Maturity Price : 25.00 Evaluated at bid price : 24.90 Bid-YTW : 4.65 % |
| BNS.PR.T | FixedReset | 99,900 | TD bought two blocks of 10,000 shares each from Nesbitt at 27.28. Nesbitt crossed 25,000 at 27.28; TD crossed 35,000 at the same price. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-25 Maturity Price : 25.00 Evaluated at bid price : 27.24 Bid-YTW : 3.40 % |
| BMO.PR.M | FixedReset | 75,260 | TD crossed 58,300 at 26.56. YTW SCENARIO Maturity Type : Call Maturity Date : 2013-09-24 Maturity Price : 25.00 Evaluated at bid price : 26.65 Bid-YTW : 2.67 % |
| IAG.PR.F | Perpetual-Premium | 74,916 | Desjardins crossed 68,500 at 25.90. YTW SCENARIO Maturity Type : Call Maturity Date : 2019-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.51 Bid-YTW : 5.68 % |
| There were 44 other index-included issues trading in excess of 10,000 shares. | |||
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