Best & Worst Performers: June 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.

June 2009
Issue Index DBRS Rating Monthly Performance Notes (“Now” means “June 30”)
TRI.PR.B Floater Pfd-2(low) -10.91% Was the third-best performer in May, with a return of +31.15% last month.
BAM.PR.B Floater Pfd-2(low) -7.01% Was the best performer in May, with a total return of +35.13%
BAM.PR.K Floater Pfd-2(low) -6.29% Was the second-best performer in May, with a return of +34.25% in that month.
CIU.PR.A Perpetual-Discount Pfd-2(high) -4.18% Now with a pre-tax bid-YTW of 6.35% based on a bid of 18.35 and a limitMaturity.
MFC.PR.C Perpetual-Discount Pfd-1(low) -2.52% Now with a pre-tax bid-YTW of 6.52% based on a bid of 17.44 and a limitMaturity.
BAM.PR.I OpRet Pfd-2(low) +5.62% Now with a pre-tax bid-YTW of 5.59% based on a bid of 24.95 and a softMaturity 2013-12-30 at 25.00.
BAM.PR.N PerpetualDiscount Pfd-2(low) +7.69% Now with a pre-tax bid-YTW of 7.68% based on a bid of 15.60 and a limitMaturity.
BAM.PR.M Perpetual-Discount Pfd-2(low) +9.11% Now with a pre-tax bid-YTW of 7.56% based on a bid of 15.86 and a limitMaturity.
IAG.PR.A Perpetual-Discount Pfd-2(high) +9.55% This was the worst performer in May and the best performer in April. Notoriously volatile. Now with a pre-tax bid-YTW of 6.61% based on a bid of 17.55 and a limitMaturity.
BNA.PR.C SplitShare Pfd-2(low) +11.46% Now with a pre-tax bid-YTW of 10.48% based on a bid of 16.05 and a hardMaturity 2019-1-10 at 25.00.

What can I say? The Floaters Index currently has three members. The top three spots in May were occupied by Floaters; the bottom three spots in June were occupied by Floaters.

One Response to “Best & Worst Performers: June 2009”

  1. […] Was the third-worst performer in June. […]

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