November 5, 2018

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices

Values are provisional and are finalized monthly
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 1.4256 % 3,109.2
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.4256 % 5,705.2
Floater 3.74 % 3.96 % 40,568 17.47 4 1.4256 % 3,287.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.2798 % 3,210.7
SplitShare 4.63 % 4.90 % 53,935 4.66 5 0.2798 % 3,834.3
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2798 % 2,991.7
Perpetual-Premium 5.69 % 5.67 % 67,989 14.17 12 0.4060 % 2,880.5
Perpetual-Discount 5.66 % 5.76 % 75,466 14.24 21 0.2370 % 2,901.0
FixedReset Disc 4.39 % 5.38 % 161,609 15.08 46 -0.0608 % 2,489.9
Deemed-Retractible 5.34 % 6.70 % 69,869 5.19 27 0.4853 % 2,903.6
FloatingReset 3.79 % 3.90 % 46,659 5.45 4 0.5368 % 2,789.0
FixedReset Prem 4.94 % 4.57 % 250,630 3.05 34 0.2091 % 2,541.4
FixedReset Bank Non 2.97 % 3.91 % 114,225 0.30 6 0.0962 % 2,573.5
FixedReset Ins Non 4.51 % 6.27 % 127,649 5.30 22 0.2972 % 2,488.8
Performance Highlights
Issue Index Change Notes
TD.PF.A FixedReset Disc -5.25 % A nonsensical quote provided at high cost from Nonsense Central, as the issue traded 8,600 shares today in a range of 22.35-67 before being quoted at 21.29-22.26.

I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers.

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.29
Evaluated at bid price : 21.29
Bid-YTW : 5.49 %

BAM.PR.M Perpetual-Discount -3.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 19.12
Evaluated at bid price : 19.12
Bid-YTW : 6.31 %
HSE.PR.A FixedReset Disc -2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 16.22
Evaluated at bid price : 16.22
Bid-YTW : 6.06 %
MFC.PR.G FixedReset Ins Non -2.95 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.00
Bid-YTW : 6.28 %
RY.PR.H FixedReset Disc -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.75
Evaluated at bid price : 22.20
Bid-YTW : 5.25 %
TRP.PR.D FixedReset Disc -1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.70 %
BAM.PF.F FixedReset Disc -1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.64
Evaluated at bid price : 23.20
Bid-YTW : 5.71 %
BIP.PR.E FixedReset Disc -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.54
Evaluated at bid price : 23.41
Bid-YTW : 5.71 %
CM.PR.Q FixedReset Disc -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 23.04
Evaluated at bid price : 23.42
Bid-YTW : 5.41 %
BIP.PR.A FixedReset Disc -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.62
Evaluated at bid price : 23.00
Bid-YTW : 6.43 %
IAG.PR.I FixedReset Ins Non 1.05 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.00
Bid-YTW : 5.80 %
TRP.PR.C FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 17.20
Evaluated at bid price : 17.20
Bid-YTW : 5.51 %
MFC.PR.C Deemed-Retractible 1.07 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 19.78
Bid-YTW : 9.14 %
MFC.PR.B Deemed-Retractible 1.08 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.55
Bid-YTW : 8.57 %
IAG.PR.G FixedReset Ins Non 1.15 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 22.85
Bid-YTW : 6.16 %
PWF.PR.K Perpetual-Discount 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 5.82 %
BMO.PR.W FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.79
Evaluated at bid price : 22.26
Bid-YTW : 5.17 %
GWO.PR.I Deemed-Retractible 1.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 20.19
Bid-YTW : 8.70 %
PWF.PR.A Floater 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 3.24 %
W.PR.H Perpetual-Discount 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 24.02
Evaluated at bid price : 24.27
Bid-YTW : 5.71 %
HSE.PR.C FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.89
Evaluated at bid price : 23.40
Bid-YTW : 5.91 %
EML.PR.A FixedReset Ins Non 1.33 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-04-17
Maturity Price : 25.00
Evaluated at bid price : 25.94
Bid-YTW : 4.27 %
BAM.PR.K Floater 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 17.53
Evaluated at bid price : 17.53
Bid-YTW : 3.98 %
SLF.PR.A Deemed-Retractible 1.42 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.40
Bid-YTW : 7.86 %
BAM.PR.C Floater 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 3.97 %
GWO.PR.S Deemed-Retractible 1.51 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.55
Bid-YTW : 6.54 %
BAM.PR.B Floater 1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 17.59
Evaluated at bid price : 17.59
Bid-YTW : 3.96 %
TRP.PR.B FixedReset Disc 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 5.40 %
BAM.PF.B FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.20
Evaluated at bid price : 22.90
Bid-YTW : 5.54 %
BAM.PF.E FixedReset Disc 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.39
Evaluated at bid price : 22.80
Bid-YTW : 5.46 %
PWF.PR.Q FloatingReset 1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 3.88 %
BIP.PR.F FixedReset Prem 2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 23.02
Evaluated at bid price : 24.63
Bid-YTW : 5.36 %
BAM.PR.R FixedReset Disc 2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 5.64 %
IFC.PR.G FixedReset Ins Non 3.49 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 24.00
Bid-YTW : 5.83 %
Volume Highlights
Issue Index Shares
Traded
Notes
RY.PR.S FixedReset Disc 209,287 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 23.03
Evaluated at bid price : 24.69
Bid-YTW : 4.80 %
RY.PR.M FixedReset Disc 108,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.91
Evaluated at bid price : 23.24
Bid-YTW : 5.26 %
TD.PF.H FixedReset Prem 71,736 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.65
Bid-YTW : 3.96 %
MFC.PR.O FixedReset Ins Non 56,225 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-06-19
Maturity Price : 25.00
Evaluated at bid price : 25.95
Bid-YTW : 4.38 %
RY.PR.Z FixedReset Disc 30,670 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.91
Evaluated at bid price : 22.43
Bid-YTW : 5.15 %
RY.PR.H FixedReset Disc 30,070 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.75
Evaluated at bid price : 22.20
Bid-YTW : 5.25 %
There were 18 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
TD.PF.A FixedReset Disc Quote: 21.29 – 22.66
Spot Rate : 1.3700
Average : 0.7828

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.29
Evaluated at bid price : 21.29
Bid-YTW : 5.49 %

BAM.PR.M Perpetual-Discount Quote: 19.12 – 20.40
Spot Rate : 1.2800
Average : 0.8469

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 19.12
Evaluated at bid price : 19.12
Bid-YTW : 6.31 %

SLF.PR.A Deemed-Retractible Quote: 21.40 – 22.25
Spot Rate : 0.8500
Average : 0.5056

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 21.40
Bid-YTW : 7.86 %

MFC.PR.G FixedReset Ins Non Quote: 23.00 – 23.84
Spot Rate : 0.8400
Average : 0.5231

YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2025-01-31
Maturity Price : 25.00
Evaluated at bid price : 23.00
Bid-YTW : 6.28 %

BAM.PF.G FixedReset Disc Quote: 23.35 – 24.10
Spot Rate : 0.7500
Average : 0.5186

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 22.95
Evaluated at bid price : 23.35
Bid-YTW : 5.62 %

TRP.PR.D FixedReset Disc Quote: 21.25 – 22.19
Spot Rate : 0.9400
Average : 0.7099

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2048-11-05
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 5.70 %

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