TRP.PR.A Closes Firm on Heavy Volume

TRP.PR.A, the 4.60%+192 FixedReset announced last week has settled, trading 896,387 shares in a range of 24.91-03 before closing at 24.98-00, 120×126.

I was actually a little disappointed at the volume – given that the issue was super-sized to 22-million shares, I had been hoping for a million shares trading on opening day … but it was not to be.

Vital statistics are:

TRP.PR.A FixedReset Not Calc! YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2039-09-30
Maturity Price : 24.93
Evaluated at bid price : 24.98
Bid-YTW : 4.50 %

TRP.PR.A is tracked by HIMIPref™. It will be placed in the FixedReset subindex for now; at some point in the future the FixedReset index will be split into FixedResetPremium and FixedResetDiscount, but I will wait until the latter putative index can be adequately populated.

This entry was posted on Wednesday, September 30th, 2009 at 8:56 pm 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.

8 Responses to “TRP.PR.A Closes Firm on Heavy Volume”

  1. PrefBlog » Blog Archive » September 30, 2009 says:
    September 30, 2009 at 9:29 pm

    […] PrefBlog Canadian Preferred Shares – Data and Discussion « TRP.PR.A Closes Firm on Heavy Volume […]

  2. PrefBlog » Blog Archive » October 5, 2009 says:
    October 5, 2009 at 8:03 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : 4.37 % […]

  3. PrefBlog » Blog Archive » October 7, 2009 says:
    October 7, 2009 at 7:12 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2020-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.19 Bid-YTW : 4.46 % […]

  4. PrefBlog » Blog Archive » October 14, 2009 says:
    October 14, 2009 at 7:04 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.24 Bid-YTW : 4.46 % […]

  5. PrefBlog » Blog Archive » October 19, 2009 says:
    October 19, 2009 at 6:59 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 4.50 % […]

  6. PrefBlog » Blog Archive » October 20, 2009 says:
    October 21, 2009 at 12:10 am

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.20 Bid-YTW : 4.51 % […]

  7. PrefBlog » Blog Archive » October 22, 2009 says:
    October 22, 2009 at 9:27 pm

    […] Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : 4.43 % […]

  8. MAPF Performance: August, 2022 « PrefBlog says:
    September 10, 2022 at 1:20 pm

    […] have been triggered by the reset of TRP.PR.A to 3.266% in December, 2014, a 29% reduction from its issue level of 4.60%; this was the first large, widely held issue to be severely affected by the decline in 5-year […]

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