Standard and Poor’s has announced:
the following index changes as a result of the semi-annual S&P/TSX Preferred Share Index Review. These changes will be effective at the open on Monday, July 23, 2007
Additions:
| ADDITIONS | |
| S&P/TSX Preferred Share Index Additions Effective 2007-7-23 | |
| Ticker | HIMI Index |
| FBS.PR.B | SplitShare |
| ALB.PR.A | SplitShare |
| BNA.PR.C | SplitShare |
| BMO.PR.J | PerpetualDiscount |
| BMO.PR.H | PerpetualPremium |
| BMO.PR.I | OpRet |
| BNS.PR.L | PerpetualDiscount |
| BCE.PR.F | Not in HIMIPref™ universe |
| BAM.PR.K | Floater |
| BPO.PR.F | Scraps (Credit) |
| BPO.PR.H | Scraps (Credit) |
| CM.PR.H | PerpetualDiscount |
| CIU.PR.A | PerpetualDiscount |
| DFN.PR.A | SplitShare |
| DW.PR.A | Scraps (Credit) |
| FIG.PR.A | InterestBearing |
| LBS.PR.A | SplitShare |
| NSI.PR.D | Scraps (Volume) |
| POW.PR.B | PerpetualDiscount |
| POW.PR.C | PerpetualPremium |
| PWF.PR.F | PerpetualPremium (for now!) |
| PIC.PR.A | SplitShare |
| RPA.PR.A | Not in HIMIPref™ universe |
| RPB.PR.A | Not in HIMIPref™ universe |
| WFS.PR.A | SplitShare |
| YPG.PR.A | Scraps (Credit) |
| DELETIONS | |
| S&P/TSX Preferred Share Index Deletions Effective 2007-7-23 | |
| Ticker | HIMI Index |
| CL.PR.B | PerpetualPremium |
| CM.PR.C | PerpetualPremium |
| ELF.PR.G | PerpetualDiscount |
| FAL.PR.A | Scraps (Credit) |
| FTS.PR.E | Scraps (Credit) |
| W.PR.J | PerpetualPremium |
It’s a good thing to see that Split Shares have been added to the index – although, sadly, it makes the index a little tougher to beat.
Total changes to the S&P Index, in terms of the HIMI Indices, are:
| Changes in issues included in S&P/TSX Index, Effective 2007-07-23 | |
| Ratchet | 0 |
| FixFloat | 0 |
| Floater | +1 |
| OpRet | +1 |
| SplitShare | +7 |
| InterestBearing | +1 |
| PerpetualPremium | 0 |
| PerpetualDiscount | +4 |
| Scraps | +3 |
| Not in Universe | +3 |
Hat tip to assiduous reader MP, who asked “What’s happening with ELF.PR.G?” and thereby tipped me off to the index change. I wonder how the Claymore ETF will handle this … I’ll bet they’re annoyed!
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