HIMIPref™ Index Rebalancing: October 2008

HIMI Index Changes, October 31, 2008
Issue From To Because
PWF.PR.D Scraps OpRet Volume
CL.PR.B PerpetualPremium PerpetualDiscount Price

There were the following intra-month changes:

HIMI Index Changes during October 2008
Issue Action Index Because
CGI.PR.A Delete Scraps Redeemed
IQW.PR.C Delete Scraps Price

After the precipituous decline in price of CL.PR.B over the month, it has been transferred to the PerpetualDiscount index from PerpetualPremium. There are now no more PerpetualPremium issues left … and don’t count on a new one in the near future, because the highest priced PerpetualDiscount right now is CU.PR.A, with a pre-tax bid-YTW of 6.35% based on a bid of 23.25 and a limitMaturity.

2 Responses to “HIMIPref™ Index Rebalancing: October 2008”

  1. […] long last, the PerpetualPremium index has members again! It disappeared at the October 2008 Rebalancing, when CL.PR.B fell below 25.00. That issue nearly made it back into premium territory this month, […]

  2. […] PerpetualPremium index is filling up nicely and now has twelve members! It disappeared at the October 2008 Rebalancing, when CL.PR.B fell below […]

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