| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| 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 | -0.2871 % | 1,967.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2871 % | 3,610.4 |
| Floater | 5.97 % | 6.41 % | 64,424 | 13.20 | 3 | -0.2871 % | 2,080.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0114 % | 3,303.1 |
| SplitShare | 4.71 % | 4.80 % | 78,150 | 4.25 | 7 | 0.0114 % | 3,944.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0114 % | 3,077.8 |
| Perpetual-Premium | 5.63 % | -9.56 % | 75,021 | 0.08 | 7 | 0.1749 % | 2,934.7 |
| Perpetual-Discount | 5.51 % | 5.59 % | 71,410 | 14.43 | 26 | 0.1339 % | 3,055.1 |
| FixedReset Disc | 5.60 % | 5.45 % | 172,449 | 14.69 | 70 | -0.5706 % | 2,033.3 |
| Deemed-Retractible | 5.34 % | 6.01 % | 92,371 | 8.04 | 27 | 0.0113 % | 3,042.0 |
| FloatingReset | 4.12 % | 4.98 % | 53,718 | 2.54 | 4 | -0.2917 % | 2,328.5 |
| FixedReset Prem | 5.16 % | 4.34 % | 214,979 | 1.87 | 16 | -0.2295 % | 2,556.3 |
| FixedReset Bank Non | 2.00 % | 4.66 % | 162,492 | 2.56 | 3 | -0.1828 % | 2,612.2 |
| FixedReset Ins Non | 5.36 % | 7.53 % | 101,828 | 8.17 | 22 | -0.3293 % | 2,123.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| HSE.PR.A | FixedReset Disc | -6.22 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 1000 shares today in a range of 12.20-37 before being quoted at 11.60-31. The closing price was 12.20, reached at 3:25pm.
I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | -4.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 13.40 Bid-YTW : 9.61 % |
| HSE.PR.G | FixedReset Disc | -4.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 18.90 Evaluated at bid price : 18.90 Bid-YTW : 6.56 % |
| PWF.PR.P | FixedReset Disc | -2.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 12.66 Evaluated at bid price : 12.66 Bid-YTW : 5.76 % |
| RY.PR.M | FixedReset Disc | -2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 18.09 Evaluated at bid price : 18.09 Bid-YTW : 5.49 % |
| BMO.PR.F | FixedReset Disc | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.78 Evaluated at bid price : 24.00 Bid-YTW : 5.14 % |
| MFC.PR.M | FixedReset Ins Non | -1.72 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.11 Bid-YTW : 8.24 % |
| BAM.PR.Z | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 18.02 Evaluated at bid price : 18.02 Bid-YTW : 6.23 % |
| BMO.PR.W | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 16.40 Evaluated at bid price : 16.40 Bid-YTW : 5.50 % |
| TD.PF.D | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 5.43 % |
| NA.PR.C | FixedReset Disc | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 20.81 Evaluated at bid price : 20.81 Bid-YTW : 5.72 % |
| GWO.PR.T | Deemed-Retractible | -1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.80 Bid-YTW : 6.29 % |
| TD.PF.A | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 16.87 Evaluated at bid price : 16.87 Bid-YTW : 5.41 % |
| CM.PR.T | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.77 Evaluated at bid price : 23.98 Bid-YTW : 5.01 % |
| MFC.PR.H | FixedReset Ins Non | -1.25 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.75 Bid-YTW : 7.32 % |
| CM.PR.Q | FixedReset Disc | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 5.67 % |
| CM.PR.S | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 5.41 % |
| TD.PF.I | FixedReset Disc | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 21.06 Evaluated at bid price : 21.06 Bid-YTW : 5.28 % |
| TD.PF.L | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.87 Evaluated at bid price : 24.21 Bid-YTW : 4.91 % |
| TRP.PR.B | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 11.19 Evaluated at bid price : 11.19 Bid-YTW : 5.83 % |
| CCS.PR.C | Deemed-Retractible | -1.03 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.07 Bid-YTW : 5.98 % |
| CM.PR.R | FixedReset Disc | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 21.33 Evaluated at bid price : 21.33 Bid-YTW : 5.54 % |
| BAM.PF.I | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.96 Evaluated at bid price : 23.91 Bid-YTW : 5.41 % |
| MFC.PR.L | FixedReset Ins Non | 1.11 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.46 Bid-YTW : 8.46 % |
| BAM.PF.J | FixedReset Disc | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.29 Evaluated at bid price : 22.85 Bid-YTW : 5.26 % |
| EMA.PR.F | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.79 % |
| BMO.PR.C | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 21.90 Evaluated at bid price : 22.20 Bid-YTW : 5.26 % |
| IFC.PR.F | Deemed-Retractible | 2.33 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.15 Bid-YTW : 5.89 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.M | FixedReset Disc | 157,580 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.89 Evaluated at bid price : 24.30 Bid-YTW : 5.06 % |
| CM.PR.R | FixedReset Disc | 117,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 21.33 Evaluated at bid price : 21.33 Bid-YTW : 5.54 % |
| CM.PR.Y | FixedReset Disc | 103,825 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 22.77 Evaluated at bid price : 24.00 Bid-YTW : 5.20 % |
| RY.PR.Z | FixedReset Disc | 95,460 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 17.27 Evaluated at bid price : 17.27 Bid-YTW : 5.20 % |
| BAM.PR.K | Floater | 89,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 10.99 Evaluated at bid price : 10.99 Bid-YTW : 6.41 % |
| CM.PR.O | FixedReset Disc | 56,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-06-06 Maturity Price : 16.41 Evaluated at bid price : 16.41 Bid-YTW : 5.68 % |
| There were 18 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| HSE.PR.G | FixedReset Disc | Quote: 18.90 – 19.92 Spot Rate : 1.0200 Average : 0.5758 YTW SCENARIO |
| HSE.PR.A | FixedReset Disc | Quote: 11.60 – 12.31 Spot Rate : 0.7100 Average : 0.4028 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 13.40 – 14.07 Spot Rate : 0.6700 Average : 0.4804 YTW SCENARIO |
| GWO.PR.R | Deemed-Retractible | Quote: 21.80 – 22.36 Spot Rate : 0.5600 Average : 0.3826 YTW SCENARIO |
| HSE.PR.E | FixedReset Disc | Quote: 19.84 – 20.34 Spot Rate : 0.5000 Average : 0.3364 YTW SCENARIO |
| BAM.PR.Z | FixedReset Disc | Quote: 18.02 – 18.55 Spot Rate : 0.5300 Average : 0.3880 YTW SCENARIO |