Dividend Growth Split Corp., proud issuer of DGS.PR.A, has been confirmed at Pfd-3 by DBRS:
As of April 7, 2016, the downside protection available to the Preferred Shares is 36.5%, down from 45.2% in April 9, 2015. The dividend coverage ratio is approximately 0.98 times. The confirmation of the rating of the Preferred Shares at Pfd-3 is based primarily on the current downside protection available and the minimum downside protection provided by an asset coverage test, which does not permit any distributions to holders of the Class A Shares if the NAV of the Company falls below $15.
| 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 | 4.74 % | 5.77 % | 9,795 | 16.95 | 1 | -2.9952 % | 1,658.0 |
| FixedFloater | 6.61 % | 5.71 % | 21,115 | 16.91 | 1 | 0.2091 % | 3,059.2 |
| Floater | 4.57 % | 4.72 % | 55,704 | 16.02 | 4 | -0.3135 % | 1,693.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1217 % | 2,807.6 |
| SplitShare | 4.72 % | 5.09 % | 89,252 | 1.57 | 6 | 0.1217 % | 3,285.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1217 % | 2,563.4 |
| Perpetual-Premium | 5.78 % | -12.82 % | 91,031 | 0.09 | 6 | -0.0788 % | 2,591.5 |
| Perpetual-Discount | 5.52 % | 5.58 % | 94,068 | 14.57 | 33 | -0.1797 % | 2,645.1 |
| FixedReset | 5.12 % | 4.58 % | 173,268 | 14.42 | 87 | -0.0694 % | 1,990.7 |
| Deemed-Retractible | 5.17 % | 5.39 % | 124,220 | 5.09 | 34 | -0.2646 % | 2,636.2 |
| FloatingReset | 3.06 % | 4.76 % | 34,693 | 5.38 | 17 | -0.5475 % | 2,075.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.I | FloatingReset | -6.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 4.65 % |
| GWO.PR.N | FixedReset | -3.99 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.25 Bid-YTW : 10.45 % |
| IFC.PR.A | FixedReset | -3.84 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.53 Bid-YTW : 10.24 % |
| BAM.PR.E | Ratchet | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 25.00 Evaluated at bid price : 14.25 Bid-YTW : 5.77 % |
| GWO.PR.O | FloatingReset | -2.78 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.25 Bid-YTW : 10.95 % |
| TRP.PR.E | FixedReset | -2.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 4.50 % |
| FTS.PR.M | FixedReset | -2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 4.41 % |
| TRP.PR.G | FixedReset | -2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 4.96 % |
| TRP.PR.D | FixedReset | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 17.49 Evaluated at bid price : 17.49 Bid-YTW : 4.63 % |
| BNS.PR.A | FloatingReset | -1.66 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.07 Bid-YTW : 3.99 % |
| TD.PR.Z | FloatingReset | -1.51 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.55 Bid-YTW : 4.88 % |
| MFC.PR.M | FixedReset | -1.44 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.81 Bid-YTW : 6.68 % |
| BNS.PR.B | FloatingReset | -1.42 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.56 Bid-YTW : 4.90 % |
| BNS.PR.C | FloatingReset | -1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.65 Bid-YTW : 5.01 % |
| IAG.PR.A | Deemed-Retractible | -1.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.46 Bid-YTW : 6.83 % |
| NA.PR.S | FixedReset | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 4.32 % |
| BAM.PF.G | FixedReset | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 20.39 Evaluated at bid price : 20.39 Bid-YTW : 4.64 % |
| BAM.PF.E | FixedReset | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 19.21 Evaluated at bid price : 19.21 Bid-YTW : 4.58 % |
| IAG.PR.G | FixedReset | -1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.10 Bid-YTW : 6.70 % |
| GWO.PR.I | Deemed-Retractible | -1.12 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.17 Bid-YTW : 6.92 % |
| VNR.PR.A | FixedReset | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.00 % |
| HSE.PR.A | FixedReset | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 10.99 Evaluated at bid price : 10.99 Bid-YTW : 5.56 % |
| HSB.PR.C | Deemed-Retractible | -1.04 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.74 Bid-YTW : 5.38 % |
| BNS.PR.Y | FixedReset | 1.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.20 Bid-YTW : 5.72 % |
| BMO.PR.M | FixedReset | 1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.95 Bid-YTW : 3.70 % |
| RY.PR.L | FixedReset | 1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.17 Bid-YTW : 3.82 % |
| CIU.PR.C | FixedReset | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 11.75 Evaluated at bid price : 11.75 Bid-YTW : 4.45 % |
| TD.PF.E | FixedReset | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 21.26 Evaluated at bid price : 21.26 Bid-YTW : 4.25 % |
| BAM.PR.R | FixedReset | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 15.71 Evaluated at bid price : 15.71 Bid-YTW : 4.82 % |
| BNS.PR.D | FloatingReset | 1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.00 Bid-YTW : 6.48 % |
| MFC.PR.F | FixedReset | 1.44 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.35 Bid-YTW : 10.39 % |
| BMO.PR.Q | FixedReset | 2.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.42 Bid-YTW : 5.85 % |
| PWF.PR.T | FixedReset | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 3.83 % |
| SLF.PR.J | FloatingReset | 2.35 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 12.65 Bid-YTW : 10.68 % |
| FTS.PR.I | FloatingReset | 2.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 11.55 Evaluated at bid price : 11.55 Bid-YTW : 4.15 % |
| BMO.PR.T | FixedReset | 2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.73 Evaluated at bid price : 18.73 Bid-YTW : 4.21 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.L | Deemed-Retractible | 359,375 | YTW SCENARIO Maturity Type : Call Maturity Date : 2016-05-27 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 3.53 % |
| RY.PR.Q | FixedReset | 154,150 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-24 Maturity Price : 25.00 Evaluated at bid price : 26.40 Bid-YTW : 4.68 % |
| FTS.PR.H | FixedReset | 100,750 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 13.55 Evaluated at bid price : 13.55 Bid-YTW : 4.16 % |
| RY.PR.J | FixedReset | 62,025 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 20.06 Evaluated at bid price : 20.06 Bid-YTW : 4.39 % |
| MFC.PR.M | FixedReset | 34,047 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.81 Bid-YTW : 6.68 % |
| CU.PR.C | FixedReset | 32,550 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2046-04-14 Maturity Price : 18.13 Evaluated at bid price : 18.13 Bid-YTW : 4.40 % |
| There were 20 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.I | FloatingReset | Quote: 10.70 – 11.76 Spot Rate : 1.0600 Average : 0.7163 YTW SCENARIO |
| GWO.PR.O | FloatingReset | Quote: 12.25 – 14.25 Spot Rate : 2.0000 Average : 1.7524 YTW SCENARIO |
| VNR.PR.A | FixedReset | Quote: 18.00 – 18.55 Spot Rate : 0.5500 Average : 0.3350 YTW SCENARIO |
| ALB.PR.C | SplitShare | Quote: 25.95 – 26.90 Spot Rate : 0.9500 Average : 0.7533 YTW SCENARIO |
| TD.PR.Z | FloatingReset | Quote: 21.55 – 22.13 Spot Rate : 0.5800 Average : 0.4380 YTW SCENARIO |
| BMO.PR.R | FloatingReset | Quote: 21.97 – 22.40 Spot Rate : 0.4300 Average : 0.3178 YTW SCENARIO |