October 29, 2019

Edmonton’s getting a drone port!

We may not have flying pizza delivery robots in Canada yet, but the commercial drone industry is no joke — and we’re at the forefront of it.

Drone Delivery Canada Corp., which in June signed a partnership agreement with Air Canada, announced today that it is officially moving forward with the establishment of “the world’s first airport drone delivery hub” at Edmonton International Airport.

The Vaughan, ON-based tech company intends to use its “proprietary drone delivery platform” to move products to and from the airport using specific takeoff and landing zones designated for drones.

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 0.7081 % 1,988.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.7081 % 3,649.6
Floater 6.08 % 6.25 % 48,570 13.51 4 0.7081 % 2,103.3
OpRet 0.00 % 0.00 % 0 0.00 0 0.0000 % 3,388.1
SplitShare 4.65 % 4.62 % 48,322 3.91 7 0.0000 % 4,046.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0000 % 3,156.9
Perpetual-Premium 5.51 % -17.90 % 58,572 0.09 8 -0.0049 % 3,027.2
Perpetual-Discount 5.36 % 5.42 % 66,712 14.74 25 -0.0445 % 3,235.9
FixedReset Disc 5.60 % 5.78 % 180,644 14.26 66 0.0557 % 2,101.2
Deemed-Retractible 5.20 % 5.73 % 62,337 7.82 27 -0.0722 % 3,175.5
FloatingReset 6.14 % 6.66 % 91,103 12.95 2 0.5554 % 2,482.8
FixedReset Prem 5.13 % 3.97 % 159,324 1.66 20 0.0196 % 2,609.5
FixedReset Bank Non 1.96 % 4.19 % 91,468 2.19 3 0.1105 % 2,690.0
FixedReset Ins Non 5.41 % 8.25 % 113,932 7.74 21 0.4802 % 2,134.7
Performance Highlights
Issue Index Change Notes
HSE.PR.A FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 10.90
Evaluated at bid price : 10.90
Bid-YTW : 7.57 %
BIP.PR.F FixedReset Disc -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 22.05
Evaluated at bid price : 22.55
Bid-YTW : 5.70 %
BIP.PR.D FixedReset Disc -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 22.38
Evaluated at bid price : 22.80
Bid-YTW : 5.91 %
BIP.PR.E FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 22.01
Evaluated at bid price : 22.40
Bid-YTW : 5.63 %
EMA.PR.E Perpetual-Discount -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 21.18
Evaluated at bid price : 21.18
Bid-YTW : 5.42 %
TRP.PR.F FloatingReset -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 13.66
Evaluated at bid price : 13.66
Bid-YTW : 6.66 %
EMA.PR.F FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 6.45 %
MFC.PR.N FixedReset Ins Non 1.04 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 16.45
Bid-YTW : 9.27 %
IFC.PR.A FixedReset Ins Non 1.10 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 14.66
Bid-YTW : 9.99 %
MFC.PR.K FixedReset Ins Non 1.19 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 17.81
Bid-YTW : 8.48 %
CCS.PR.C Deemed-Retractible 1.21 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.33
Bid-YTW : 5.43 %
BAM.PR.T FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 15.29
Evaluated at bid price : 15.29
Bid-YTW : 6.40 %
TRP.PR.G FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 17.56
Evaluated at bid price : 17.56
Bid-YTW : 6.58 %
BIP.PR.A FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 6.80 %
TRP.PR.B FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 11.46
Evaluated at bid price : 11.46
Bid-YTW : 6.37 %
BAM.PR.X FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 13.57
Evaluated at bid price : 13.57
Bid-YTW : 6.18 %
MFC.PR.J FixedReset Ins Non 1.58 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.70
Bid-YTW : 8.25 %
BAM.PR.B Floater 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 11.20
Evaluated at bid price : 11.20
Bid-YTW : 6.25 %
TRP.PR.C FixedReset Disc 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 11.95
Evaluated at bid price : 11.95
Bid-YTW : 6.54 %
SLF.PR.J FloatingReset 2.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.50
Bid-YTW : 10.61 %
SLF.PR.G FixedReset Ins Non 2.24 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 13.25
Bid-YTW : 10.72 %
BAM.PR.Z FixedReset Disc 3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 19.28
Evaluated at bid price : 19.28
Bid-YTW : 6.06 %
Volume Highlights
Issue Index Shares
Traded
Notes
MFC.PR.Q FixedReset Ins Non 106,014 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 18.30
Bid-YTW : 8.49 %
EMA.PR.C FixedReset Disc 90,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 17.93
Evaluated at bid price : 17.93
Bid-YTW : 6.26 %
GWO.PR.H Deemed-Retractible 64,152 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.65
Bid-YTW : 6.19 %
RY.PR.M FixedReset Disc 59,125 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 18.28
Evaluated at bid price : 18.28
Bid-YTW : 5.78 %
CM.PR.O FixedReset Disc 46,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 16.54
Evaluated at bid price : 16.54
Bid-YTW : 5.91 %
EMA.PR.F FixedReset Disc 41,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 16.88
Evaluated at bid price : 16.88
Bid-YTW : 6.45 %
There were 41 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
CM.PR.Y FixedReset Disc Quote: 24.57 – 24.80
Spot Rate : 0.2300
Average : 0.1453

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 23.03
Evaluated at bid price : 24.57
Bid-YTW : 5.26 %

BAM.PF.A FixedReset Disc Quote: 19.49 – 19.87
Spot Rate : 0.3800
Average : 0.3018

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 19.49
Evaluated at bid price : 19.49
Bid-YTW : 6.05 %

CM.PR.R FixedReset Disc Quote: 21.47 – 21.70
Spot Rate : 0.2300
Average : 0.1735

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 21.47
Evaluated at bid price : 21.47
Bid-YTW : 5.75 %

EIT.PR.A SplitShare Quote: 25.35 – 25.59
Spot Rate : 0.2400
Average : 0.1964

YTW SCENARIO
Maturity Type : Soft Maturity
Maturity Date : 2024-03-14
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 4.62 %

BIP.PR.D FixedReset Disc Quote: 22.80 – 23.00
Spot Rate : 0.2000
Average : 0.1576

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 22.38
Evaluated at bid price : 22.80
Bid-YTW : 5.91 %

TD.PF.K FixedReset Disc Quote: 19.25 – 19.45
Spot Rate : 0.2000
Average : 0.1577

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2049-10-29
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 5.68 %

3 Responses to “October 29, 2019”

  1. stusclues says:

    “Preferred shares have been neglected in recent months thanks to falling interest rates, which have turned these once sleepy bond alternatives into a volatile asset class.”

    Insert Warren Buffett’s Moody Fellow here.

  2. jiHymas says:

    Only one of the people quoted in the story – Ryan Domsy – has any kind of easily accessible performance track record and it’s very short.

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