Sorry, folks! This is a busy time, so there’s no commentary.
| 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 | -0.2919 % | 952.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2919 % | 1,539.9 |
| Floater | 4.61 % | 4.64 % | 71,000 | 16.16 | 2 | -0.2919 % | 1,189.6 |
| OpRet | 5.10 % | 4.35 % | 145,720 | 3.71 | 15 | -0.0080 % | 2,134.2 |
| SplitShare | 6.65 % | 8.83 % | 47,374 | 5.63 | 3 | 0.2745 % | 1,738.0 |
| Interest-Bearing | 6.12 % | 9.13 % | 26,737 | 0.67 | 1 | 0.5123 % | 1,949.5 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1676 % | 1,633.5 |
| Perpetual-Discount | 6.69 % | 6.80 % | 146,221 | 12.82 | 71 | 0.1676 % | 1,504.4 |
| FixedReset | 5.94 % | 5.30 % | 666,363 | 4.57 | 35 | 0.3941 % | 1,903.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.B | Perpetual-Discount | -2.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 17.32 Evaluated at bid price : 17.32 Bid-YTW : 6.82 % |
| CM.PR.A | OpRet | -1.84 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2009-05-22 Maturity Price : 25.50 Evaluated at bid price : 25.56 Bid-YTW : 0.94 % |
| BMO.PR.M | FixedReset | -1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 23.76 Evaluated at bid price : 23.83 Bid-YTW : 3.99 % |
| BAM.PR.J | OpRet | -1.18 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2018-03-30 Maturity Price : 25.00 Evaluated at bid price : 21.00 Bid-YTW : 8.05 % |
| NA.PR.N | FixedReset | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 24.16 Evaluated at bid price : 24.23 Bid-YTW : 4.27 % |
| CM.PR.D | Perpetual-Discount | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 20.58 Evaluated at bid price : 20.58 Bid-YTW : 7.03 % |
| BNA.PR.C | SplitShare | 1.25 % | Asset coverage of 1.7+:1 as of March 31, according to the company. YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2019-01-10 Maturity Price : 25.00 Evaluated at bid price : 12.98 Bid-YTW : 13.58 % |
| BMO.PR.K | Perpetual-Discount | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 6.70 % |
| BMO.PR.O | FixedReset | 1.27 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-06-24 Maturity Price : 25.00 Evaluated at bid price : 26.29 Bid-YTW : 5.51 % |
| CIU.PR.A | Perpetual-Discount | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 18.26 Evaluated at bid price : 18.26 Bid-YTW : 6.41 % |
| TD.PR.Y | FixedReset | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 22.94 Evaluated at bid price : 23.00 Bid-YTW : 4.17 % |
| TD.PR.E | FixedReset | 1.36 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 5.31 % |
| RY.PR.L | FixedReset | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 24.55 Evaluated at bid price : 24.60 Bid-YTW : 4.81 % |
| MFC.PR.C | Perpetual-Discount | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 6.80 % |
| TD.PR.G | FixedReset | 1.60 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 26.03 Bid-YTW : 5.32 % |
| IAG.PR.A | Perpetual-Discount | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 7.29 % |
| TD.PR.A | FixedReset | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 23.66 Evaluated at bid price : 23.70 Bid-YTW : 4.27 % |
| TD.PR.S | FixedReset | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 22.92 Evaluated at bid price : 23.00 Bid-YTW : 4.05 % |
| BAM.PR.O | OpRet | 2.42 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2013-06-30 Maturity Price : 25.00 Evaluated at bid price : 23.31 Bid-YTW : 7.01 % |
| CU.PR.A | Perpetual-Discount | 3.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 23.73 Evaluated at bid price : 24.03 Bid-YTW : 6.13 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BAM.PR.N | Perpetual-Discount | 84,625 | RBC crossed 25,000 at 14.38; Scotia crossed the same amount at the same price. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 14.29 Evaluated at bid price : 14.29 Bid-YTW : 8.44 % |
| RY.PR.X | FixedReset | 62,739 | Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-09-23 Maturity Price : 25.00 Evaluated at bid price : 25.81 Bid-YTW : 5.66 % |
| BNS.PR.Q | FixedReset | 60,481 | Nesbitt bought 15,000 from anonymous at 23.98; anonymous crossed (? not necessarily the same anonymous) 18,000 at 22.70. The massive discrepency in prices appears legitimate; today’s range according to tmxmoney.com was 22.55-24.05. Closing quote 22.75-88, 21×8. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 22.69 Evaluated at bid price : 22.75 Bid-YTW : 4.19 % |
| HSB.PR.E | FixedReset | 51,841 | Recent new issue. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-07-30 Maturity Price : 25.00 Evaluated at bid price : 25.55 Bid-YTW : 6.25 % |
| RY.PR.T | FixedReset | 36,630 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 23.36 Evaluated at bid price : 25.75 Bid-YTW : 5.74 % |
| BNS.PR.M | Perpetual-Discount | 35,071 | RBC bought 12,000 from Nesbitt at 17.74. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-04-22 Maturity Price : 17.63 Evaluated at bid price : 17.63 Bid-YTW : 6.42 % |
| There were 36 other index-included issues trading in excess of 10,000 shares. | |||