And that’s it for another month!
| 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 | -0.1107 % | 2,983.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1107 % | 5,475.2 |
| Floater | 3.35 % | 3.53 % | 108,351 | 18.45 | 4 | -0.1107 % | 3,155.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0079 % | 3,158.7 |
| SplitShare | 4.70 % | 4.38 % | 59,477 | 3.24 | 5 | -0.0079 % | 3,772.1 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0079 % | 2,943.2 |
| Perpetual-Premium | 5.62 % | -0.01 % | 75,582 | 0.09 | 11 | 0.0790 % | 2,850.0 |
| Perpetual-Discount | 5.35 % | 5.42 % | 85,159 | 14.68 | 23 | 0.2504 % | 2,940.7 |
| FixedReset | 4.29 % | 4.67 % | 171,646 | 5.80 | 104 | 0.1687 % | 2,512.5 |
| Deemed-Retractible | 5.14 % | 5.56 % | 94,407 | 5.71 | 28 | 0.4176 % | 2,941.0 |
| FloatingReset | 2.96 % | 3.06 % | 34,356 | 3.62 | 10 | -0.0044 % | 2,756.0 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| W.PR.H | Perpetual-Discount | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 23.92 Evaluated at bid price : 24.16 Bid-YTW : 5.70 % |
| GWO.PR.S | Deemed-Retractible | 1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.79 Bid-YTW : 5.42 % |
| PWF.PR.T | FixedReset | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 23.35 Evaluated at bid price : 23.95 Bid-YTW : 4.65 % |
| GWO.PR.Q | Deemed-Retractible | 1.08 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.29 Bid-YTW : 5.68 % |
| MFC.PR.H | FixedReset | 1.17 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.14 Bid-YTW : 5.07 % |
| W.PR.M | FixedReset | 1.37 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-15 Maturity Price : 25.00 Evaluated at bid price : 25.86 Bid-YTW : 4.10 % |
| BAM.PF.D | Perpetual-Discount | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 21.44 Evaluated at bid price : 21.70 Bid-YTW : 5.67 % |
| BAM.PR.N | Perpetual-Discount | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.66 % |
| GWO.PR.M | Deemed-Retractible | 1.59 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2018-04-30 Maturity Price : 25.25 Evaluated at bid price : 26.22 Bid-YTW : -34.47 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.S | FixedReset | 95,330 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 22.93 Evaluated at bid price : 24.33 Bid-YTW : 4.54 % |
| BAM.PR.N | Perpetual-Discount | 68,404 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 21.10 Evaluated at bid price : 21.10 Bid-YTW : 5.66 % |
| CM.PR.R | FixedReset | 56,100 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.04 Bid-YTW : 4.29 % |
| CU.PR.I | FixedReset | 52,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-01 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 3.08 % |
| NA.PR.E | FixedReset | 47,750 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-03-29 Maturity Price : 23.03 Evaluated at bid price : 24.65 Bid-YTW : 4.67 % |
| MFC.PR.Q | FixedReset | 45,100 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 25.13 Bid-YTW : 4.70 % |
| There were 26 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PR.T | FloatingReset | Quote: 24.70 – 25.80 Spot Rate : 1.1000 Average : 0.6345 YTW SCENARIO |
| BMO.PR.R | FloatingReset | Quote: 24.95 – 25.50 Spot Rate : 0.5500 Average : 0.3573 YTW SCENARIO |
| W.PR.H | Perpetual-Discount | Quote: 24.16 – 24.60 Spot Rate : 0.4400 Average : 0.2813 YTW SCENARIO |
| CU.PR.I | FixedReset | Quote: 26.00 – 26.46 Spot Rate : 0.4600 Average : 0.3046 YTW SCENARIO |
| RY.PR.A | Deemed-Retractible | Quote: 25.17 – 25.50 Spot Rate : 0.3300 Average : 0.2032 YTW SCENARIO |
| POW.PR.D | Perpetual-Discount | Quote: 23.09 – 23.50 Spot Rate : 0.4100 Average : 0.2971 YTW SCENARIO |