Well, well, well! Look who’s back in the news!
Plaintiff U.S. Securities and Exchange Commission (the “Commission”), Brookfield Place, 200 Vesey Street, Suite 400, New York, New York 10281, alleges as follows for its Complaint against Defendants Boaz Manor (a/k/a Shaun MacDonald) (“Manor”) … Between approximately August 2017 and September 2018, Defendants conducted a fraudulent and unregistered offering of digital asset securities, known during most of the relevant time as BCT Tokens (the “Tokens”). Defendants raised at least $30 million from hundreds of investors in the United States and abroad through an initial coin offering (“ICO”) of the Tokens, in a purported effort to develop a suite of technology solutions for hedge funds and other traders investing in digital assets. Defendants raised the funds by engaging in a fraudulent scheme and lying to investors about such material matters as Manor’s identity, criminal background, and role in the business;…In 2010, Manor pleaded guilty in Ontario, Canada to the crimes of laundering the proceeds of a crime and disobeying an order of a court. Both charges related to the 2005 collapse of the hedge fund firm Portus Group (“Portus”).
| 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 | 0.1229 % | 2,157.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1229 % | 3,959.3 |
| Floater | 5.65 % | 5.80 % | 47,638 | 14.20 | 4 | 0.1229 % | 2,281.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0261 % | 3,441.9 |
| SplitShare | 4.78 % | 4.57 % | 31,778 | 3.73 | 6 | -0.0261 % | 4,110.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0261 % | 3,207.0 |
| Perpetual-Premium | 5.58 % | -1.26 % | 59,269 | 0.09 | 11 | 0.0108 % | 3,059.4 |
| Perpetual-Discount | 5.25 % | 5.33 % | 68,460 | 14.91 | 24 | 0.0555 % | 3,310.4 |
| FixedReset Disc | 5.36 % | 5.55 % | 199,813 | 14.66 | 64 | 0.5426 % | 2,227.5 |
| Deemed-Retractible | 5.14 % | 5.25 % | 61,060 | 14.91 | 27 | 0.0778 % | 3,244.6 |
| FloatingReset | 5.82 % | 5.86 % | 72,870 | 14.13 | 3 | 1.1201 % | 2,629.3 |
| FixedReset Prem | 5.09 % | 3.48 % | 132,250 | 1.51 | 22 | 0.1352 % | 2,646.8 |
| FixedReset Bank Non | 1.93 % | 3.60 % | 63,681 | 1.97 | 3 | -0.0136 % | 2,740.4 |
| FixedReset Ins Non | 5.18 % | 5.45 % | 129,764 | 14.70 | 22 | 0.3399 % | 2,263.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.B | Floater | -1.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 11.95 Evaluated at bid price : 11.95 Bid-YTW : 5.85 % |
| PVS.PR.G | SplitShare | -1.16 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 4.58 % |
| IAF.PR.G | FixedReset Ins Non | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 19.77 Evaluated at bid price : 19.77 Bid-YTW : 5.55 % |
| CM.PR.Q | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 19.46 Evaluated at bid price : 19.46 Bid-YTW : 5.62 % |
| SLF.PR.J | FloatingReset | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 13.78 Evaluated at bid price : 13.78 Bid-YTW : 5.61 % |
| BAM.PR.T | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 16.46 Evaluated at bid price : 16.46 Bid-YTW : 5.90 % |
| NA.PR.S | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 5.47 % |
| RY.PR.S | FixedReset Disc | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 20.48 Evaluated at bid price : 20.48 Bid-YTW : 5.17 % |
| RY.PR.H | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 18.08 Evaluated at bid price : 18.08 Bid-YTW : 5.34 % |
| TRP.PR.C | FixedReset Disc | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 13.10 Evaluated at bid price : 13.10 Bid-YTW : 5.91 % |
| MFC.PR.Q | FixedReset Ins Non | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 20.03 Evaluated at bid price : 20.03 Bid-YTW : 5.37 % |
| TRP.PR.F | FloatingReset | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 14.75 Evaluated at bid price : 14.75 Bid-YTW : 6.12 % |
| TRP.PR.D | FixedReset Disc | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 17.05 Evaluated at bid price : 17.05 Bid-YTW : 5.83 % |
| IFC.PR.A | FixedReset Ins Non | 2.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 15.17 Evaluated at bid price : 15.17 Bid-YTW : 5.54 % |
| TRP.PR.G | FixedReset Disc | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 19.34 Evaluated at bid price : 19.34 Bid-YTW : 5.93 % |
| BAM.PF.E | FixedReset Disc | 2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.81 % |
| PWF.PR.A | Floater | 2.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 5.45 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.S | FixedReset Disc | 85,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 18.64 Evaluated at bid price : 18.64 Bid-YTW : 5.56 % |
| PWF.PR.I | Perpetual-Premium | 62,598 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-02-19 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : -1.26 % |
| TD.PF.K | FixedReset Disc | 54,515 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 20.18 Evaluated at bid price : 20.18 Bid-YTW : 5.36 % |
| RY.PR.Z | FixedReset Disc | 48,737 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 17.98 Evaluated at bid price : 17.98 Bid-YTW : 5.34 % |
| TD.PF.C | FixedReset Disc | 36,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 5.36 % |
| CCS.PR.C | Deemed-Retractible | 36,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-01-20 Maturity Price : 23.15 Evaluated at bid price : 23.45 Bid-YTW : 5.37 % |
| There were 28 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.I | FixedReset Ins Non | Quote: 20.25 – 20.66 Spot Rate : 0.4100 Average : 0.2921 YTW SCENARIO |
| CM.PR.R | FixedReset Disc | Quote: 21.96 – 22.25 Spot Rate : 0.2900 Average : 0.1756 YTW SCENARIO |
| PWF.PR.K | Perpetual-Discount | Quote: 23.32 – 23.71 Spot Rate : 0.3900 Average : 0.2760 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 20.35 – 20.72 Spot Rate : 0.3700 Average : 0.2624 YTW SCENARIO |
| PVS.PR.G | SplitShare | Quote: 25.60 – 25.98 Spot Rate : 0.3800 Average : 0.2749 YTW SCENARIO |
| CU.PR.D | Perpetual-Discount | Quote: 23.59 – 24.00 Spot Rate : 0.4100 Average : 0.3058 YTW SCENARIO |