These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
| January 2009 |
| Issue |
Index |
DBRS Rating |
Monthly Performance |
Notes (“Now” means “January 30”) |
| BAM.PR.B |
Floater |
Pfd-2(low) |
-18.31% |
Up ‘n’ down, up ‘n’ down … this was the best performer in December, second-worst in November. |
| BAM.PR.K |
Floater |
Pfd-2(low) |
-16.46% |
Ditto, basically … worst in November, third-best in December. |
| IAG.PR.C |
FixedReset |
Pfd-2(high) |
-9.18% |
The underwriters had a sell-off party … and nobody came. |
| SBC.PR.A |
SplitShare |
Pfd-2 |
-8.55% |
Asset coverage of 1.4-:1 as of January 29, according to Brompton Group. Now with a pre-tax bid-YTW of 12.43% based on a bid of 7.91 and a hardMaturity 2012-11-30 at 10.00. |
| TD.PR.C |
FixedReset |
Pfd-1 |
-7.16% |
|
| … |
… |
… |
… |
… |
| PWF.PR.I |
PerpetualDiscount |
Pfd-1(low) |
+17.68% |
Now with a pre-tax bid-YTW of 6.78% based on a bid of 22.26 and a limitMaturity. |
| W.PR.J |
PerpetualDiscount |
Pfd-2(low) |
+17.74% |
Now with a pre-tax bid-YTW of 7.27% based on a bid of 19.51 and a limitMaturity. |
| BAM.PR.N |
PerpetualDiscount |
Pfd-2(low) |
+18.06% |
Now with a pre-tax bid-YTW of 9.87% based on a bid of 12.29 and a limitMaturity. |
| BAM.PR.M |
PerpetualDiscount |
Pfd-2(low) |
+20.49% |
Now with a pre-tax bid-YTW of 9.87% based on a bid of 12.29 and a limitMaturity. |
| BNA.PR.C |
SplitShare |
Pfd-2(low) |
+28.57% |
Asset coverage of 1.8+:1 as of December 31, according to the company – presumably a little better now, since the underlying BAM.A has improved. Now with a pre-tax bid-YTW of 15.65% based on a bid of 11.25 and a hardMaturity 2019-1-10 at 25.00. |
This entry was posted on Monday, February 2nd, 2009 at 12:34 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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Best & Worst Performers: January 2009
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
This entry was posted on Monday, February 2nd, 2009 at 12:34 am and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.