| 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 | -0.8007 % | 3,050.0 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.8007 % | 5,596.7 |
| Floater | 3.54 % | 3.74 % | 40,394 | 17.89 | 4 | -0.8007 % | 3,225.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1500 % | 3,236.8 |
| SplitShare | 4.60 % | 4.44 % | 53,252 | 4.83 | 5 | -0.1500 % | 3,865.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1500 % | 3,016.0 |
| Perpetual-Premium | 5.54 % | -2.00 % | 52,947 | 0.09 | 12 | -0.0164 % | 2,921.3 |
| Perpetual-Discount | 5.41 % | 5.54 % | 57,789 | 14.53 | 22 | -0.0530 % | 3,000.4 |
| FixedReset Disc | 4.10 % | 4.88 % | 128,738 | 15.79 | 39 | -0.5214 % | 2,582.3 |
| Deemed-Retractible | 5.16 % | 5.80 % | 65,061 | 5.40 | 27 | 0.0000 % | 2,995.3 |
| FloatingReset | 3.41 % | 4.15 % | 41,204 | 5.69 | 5 | -0.5319 % | 2,846.9 |
| FixedReset Prem | 4.83 % | 4.22 % | 184,238 | 2.90 | 35 | -0.3667 % | 2,564.8 |
| FixedReset Bank Non | 3.19 % | 3.38 % | 67,227 | 0.46 | 9 | -0.0631 % | 2,574.0 |
| FixedReset Ins Non | 4.31 % | 5.42 % | 93,926 | 5.50 | 22 | -1.4320 % | 2,556.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IAG.PR.I | FixedReset Ins Non | -11.03 % | A nonsensical quote from Nonsense Central, as this issue traded 17,020 shares in a range of 24.95-31 before being quoted at 22.51-24.97 by the Exchange.
I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | -7.75 % | Another nonsensical quote from Nonsense Central (well done, guys!), as this issue traded 22,531 shares in a range of 24.81-98 before being quoted at 22.97-24.92 by the Exchange.
I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| BAM.PR.K | Floater | -2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 17.00 Evaluated at bid price : 17.00 Bid-YTW : 3.85 % |
| GWO.PR.N | FixedReset Ins Non | -2.16 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.54 Bid-YTW : 8.17 % |
| IAG.PR.G | FixedReset Ins Non | -2.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.57 Bid-YTW : 5.31 % |
| W.PR.H | Perpetual-Discount | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 24.26 Evaluated at bid price : 24.56 Bid-YTW : 5.68 % |
| NA.PR.E | FixedReset Disc | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 22.76 Evaluated at bid price : 23.92 Bid-YTW : 4.89 % |
| BAM.PF.B | FixedReset Disc | -1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 23.02 Evaluated at bid price : 23.75 Bid-YTW : 5.06 % |
| CU.PR.C | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 21.90 Evaluated at bid price : 22.28 Bid-YTW : 4.86 % |
| MFC.PR.L | FixedReset Ins Non | -1.36 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.49 Bid-YTW : 6.20 % |
| RY.PR.H | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 22.76 Evaluated at bid price : 23.32 Bid-YTW : 4.71 % |
| TRP.PR.F | FloatingReset | -1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 20.49 Evaluated at bid price : 20.49 Bid-YTW : 4.24 % |
| W.PR.M | FixedReset Prem | -1.19 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-15 Maturity Price : 25.00 Evaluated at bid price : 25.65 Bid-YTW : 4.58 % |
| MFC.PR.G | FixedReset Ins Non | -1.17 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-19 Maturity Price : 25.00 Evaluated at bid price : 24.41 Bid-YTW : 4.65 % |
| BAM.PR.T | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 21.32 Evaluated at bid price : 21.32 Bid-YTW : 5.07 % |
| PWF.PR.Q | FloatingReset | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 21.27 Evaluated at bid price : 21.55 Bid-YTW : 3.67 % |
| TRP.PR.D | FixedReset Disc | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 21.95 Evaluated at bid price : 22.50 Bid-YTW : 5.05 % |
| BAM.PF.J | FixedReset Prem | -1.01 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 4.38 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.W | Perpetual-Discount | 179,198 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 24.55 Evaluated at bid price : 24.80 Bid-YTW : 4.97 % |
| RY.PR.J | FixedReset Disc | 142,547 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 24.09 Evaluated at bid price : 24.41 Bid-YTW : 4.92 % |
| BAM.PF.F | FixedReset Disc | 92,608 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 24.68 Evaluated at bid price : 25.00 Bid-YTW : 5.06 % |
| NA.PR.G | FixedReset Prem | 87,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 23.29 Evaluated at bid price : 25.45 Bid-YTW : 4.82 % |
| EMA.PR.H | FixedReset Prem | 78,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-09-06 Maturity Price : 23.21 Evaluated at bid price : 25.15 Bid-YTW : 4.80 % |
| MFC.PR.J | FixedReset Ins Non | 77,316 | YTW SCENARIO Maturity Type : Call Maturity Date : 2023-03-19 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 4.74 % |
| There were 30 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IAG.PR.I | FixedReset Ins Non | Quote: 22.51 – 24.97 Spot Rate : 2.4600 Average : 1.3153 YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | Quote: 22.97 – 24.90 Spot Rate : 1.9300 Average : 1.0679 YTW SCENARIO |
| BAM.PR.K | Floater | Quote: 17.00 – 17.88 Spot Rate : 0.8800 Average : 0.5637 YTW SCENARIO |
| W.PR.H | Perpetual-Discount | Quote: 24.56 – 25.00 Spot Rate : 0.4400 Average : 0.2556 YTW SCENARIO |
| BAM.PR.B | Floater | Quote: 17.50 – 17.88 Spot Rate : 0.3800 Average : 0.2324 YTW SCENARIO |
| TRP.PR.F | FloatingReset | Quote: 20.49 – 20.97 Spot Rate : 0.4800 Average : 0.3334 YTW SCENARIO |