PrefBlog

ECN.PR.A To Be Redeemed

November 26th, 2021

that it intends, in accordance with the terms of the Cumulative 5-Year Minimum Rate Reset Preferred Shares, Series A (the “Series A Shares”) as set out in the Company’s articles, to redeem all of the Company’s issued and outstanding Series A Shares. The 3,843,100 Series A Shares will be redeemed on December 31, 2021 (the “Redemption Date”) for a redemption price equal to $25.00 per Series A Share, together with all accrued and unpaid dividends up to but excluding the Redemption Date (the “Redemption Price”), less any tax required to be deducted and withheld by the Company.

As previously announced, the Company’s Board of Directors has declared a dividend of $0.40625 per Series A Share for the fourth quarter of 2021 payable on the Redemption Date to holders of record as of the close of business on December 15, 2021. This will be the final quarterly dividend on the Series A Shares, although holders will receive on redemption of the Series A Shares all accrued and unpaid dividends up to but excluding the Redemption Date.

The Company has provided notice today of the Redemption Price and the Redemption Date to the sole registered holder of the Series A Shares in accordance with the terms of the Series A Shares as set out in the Company’s articles. Non-registered holders of Series A Shares should contact their broker or other intermediary for information regarding the redemption process for the Series A Shares in which they hold a beneficial interest. The Company’s transfer agent for the Series A Shares is Computershare Investor Services Inc. Questions regarding the redemption process may be directed to Computershare Investor Services Inc. at 1-800-564-6253 or by email to corporateactions@computershare.com.

ECN.PR.A is a FixedReset, 6.50%+544M650, that commenced trading 2016-12-2 after being announced 2016-11-23. It has been tracked by HIMIPref™ but relegated to the Scraps index on credit concerns.

Thanks to Assiduous Reader CanSiamCyp for bringing this to my attention!

Posted in Issue Comments | No Comments »

PerpetualDiscounts now yield 4.84%, equivalent to 6.29% interest at the standard equivalency factor of 1.3x. Long corporates now yield 3.51%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has rocketted to 280bp from the 245bp reported November 17.

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	2.97 %	3.41 %	49,115	20.15	1	0.0000 %	2,936.0
FixedFloater	0.00 %	0.00 %	0	0.00	0	-0.2300 %	5,373.6
Floater	2.97 %	2.98 %	87,532	19.72	3	-0.2300 %	3,096.8
OpRet	0.00 %	0.00 %	0	0.00	0	0.1356 %	3,690.6
SplitShare	4.64 %	4.05 %	57,998	3.85	5	0.1356 %	4,407.3
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	0.1356 %	3,438.8
Perpetual-Premium	5.12 %	-8.19 %	44,942	0.09	28	-0.1074 %	3,268.0
Perpetual-Discount	4.71 %	4.84 %	67,673	15.70	6	-0.0136 %	3,848.0
FixedReset Disc	3.79 %	3.96 %	124,689	17.01	37	1.1423 %	2,914.1
Insurance Straight	4.93 %	4.16 %	89,592	3.25	20	0.0376 %	3,681.2
FloatingReset	2.43 %	2.77 %	29,422	20.28	2	-1.0685 %	2,930.9
FixedReset Prem	4.65 %	3.09 %	121,852	2.28	33	-0.0059 %	2,748.0
FixedReset Bank Non	0.00 %	0.00 %	0	0.00	0	1.1423 %	2,978.8
FixedReset Ins Non	4.02 %	3.90 %	101,411	16.81	19	0.0469 %	2,997.5

Performance Highlights
Issue	Index	Change	Notes
BAM.PR.X	FixedReset Disc	-2.62 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 4.62 %
TRP.PR.F	FloatingReset	-1.82 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 2.77 %
MIC.PR.A	Perpetual-Premium	-1.28 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2029-03-31 Maturity Price : 25.25 Evaluated at bid price : 27.04 Bid-YTW : 4.37 %
TRP.PR.B	FixedReset Disc	1.24 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 14.69 Evaluated at bid price : 14.69 Bid-YTW : 4.47 %
BAM.PF.B	FixedReset Disc	1.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 23.01 Evaluated at bid price : 23.85 Bid-YTW : 4.41 %
TRP.PR.C	FixedReset Disc	1.45 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 16.13 Evaluated at bid price : 16.13 Bid-YTW : 4.42 %
BAM.PR.R	FixedReset Disc	2.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 20.77 Evaluated at bid price : 20.77 Bid-YTW : 4.50 %
TRP.PR.G	FixedReset Disc	74.64 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 22.34 Evaluated at bid price : 23.00 Bid-YTW : 4.58 %

Volume Highlights
Issue	Index	Shares Traded	Notes
MFC.PR.H	FixedReset Ins Non	168,200	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.32 Bid-YTW : 2.73 %
FTS.PR.K	FixedReset Disc	37,100	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 21.52 Evaluated at bid price : 21.90 Bid-YTW : 4.12 %
BAM.PF.F	FixedReset Disc	33,370	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 23.03 Evaluated at bid price : 24.07 Bid-YTW : 4.50 %
TD.PF.D	FixedReset Disc	29,200	YTW SCENARIO Maturity Type : Call Maturity Date : 2025-07-31 Maturity Price : 25.00 Evaluated at bid price : 24.85 Bid-YTW : 3.45 %
PWF.PF.A	Perpetual-Discount	29,000	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 24.31 Evaluated at bid price : 24.70 Bid-YTW : 4.59 %
CM.PR.P	FixedReset Disc	25,012	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 23.24 Evaluated at bid price : 24.69 Bid-YTW : 3.77 %
There were 14 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
CU.PR.F	Perpetual-Discount	Quote: 24.30 – 25.00 Spot Rate : 0.7000 Average : 0.4597 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 24.04 Evaluated at bid price : 24.30 Bid-YTW : 4.64 %
CU.PR.E	Perpetual-Premium	Quote: 25.12 – 25.70 Spot Rate : 0.5800 Average : 0.3579 YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-24 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : -2.07 %
TRP.PR.F	FloatingReset	Quote: 18.31 – 18.90 Spot Rate : 0.5900 Average : 0.4025 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 2.77 %
MIC.PR.A	Perpetual-Premium	Quote: 27.04 – 27.58 Spot Rate : 0.5400 Average : 0.3717 YTW SCENARIO Maturity Type : Call Maturity Date : 2029-03-31 Maturity Price : 25.25 Evaluated at bid price : 27.04 Bid-YTW : 4.37 %
CU.PR.C	FixedReset Disc	Quote: 23.40 – 24.00 Spot Rate : 0.6000 Average : 0.4549 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 22.68 Evaluated at bid price : 23.40 Bid-YTW : 4.15 %
BAM.PR.M	Perpetual-Discount	Quote: 24.65 – 25.25 Spot Rate : 0.6000 Average : 0.4603 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-24 Maturity Price : 24.34 Evaluated at bid price : 24.65 Bid-YTW : 4.87 %

Posted in Market Action | No Comments »

SBC To Split Capital Units, Issue Preferreds

November 24th, 2021

Brompton Group has announced:

Brompton Split Banc Corp. (the “Company”) is pleased to announce its intention to effect a stock split of its Class A shares (the “Share Split”) as well as a concurrent private placement of preferred shares (the “Private Placement”) due to the Company’s strong performance. The Company expects that the Share Split should result in an overall increase in the dollar amount of distributions to be paid to holders of Class A shares by approximately 25% because the Company will maintain its policy to pay monthly dividends on the Class A shares of $0.10 per share. The Company intends to announce the final number of Class A shares and Preferred shares expected to be outstanding following the Share Split and Private Placement by way of press release on or about December 1, 2021.

It is the Company’s intention that Class A shareholders of record on or about Tuesday, December 14, 2021 will receive additional Class A shares pursuant to the Share Split. The number of preferred shares offered in the Private Placement will be an amount such that following the Share Split there will be an equal number of Class A and preferred shares outstanding. The Company expects that the Share Split and the Private Placement will result in an approximately 25% increase in the number of outstanding Class A shares and preferred shares. The Share Split and the Private Placement are subject to regulatory approval as well as the approval of the Toronto Stock Exchange (the “TSX”).

Following the Share Split, Class A shareholders will continue to receive the currently targeted monthly distribution of $0.10 per Class A share, although Class A shares per investor should reflect a balance which is 25% higher than prior to the Share Split. As such, existing Class A shareholders are expected to be provided with an effective increase in monthly cash distributions equal to approximately 25%. The Company provides a distribution reinvestment plan, on a commission-free basis, for Class A shareholders that wish to reinvest distributions and realize the benefits of compound growth.

Following the completion of the Share Split and the Private Placement, the preferred shares are expected to have downside protection from a decline in the value of the Company’s portfolio of approximately 56%.(1)

Over the last 10 years, the Class A shares have delivered a 17.8% per annum total return based on NAV, outperforming the S&P/TSX Capped Financials Index by 5.1% per annum and the S&P/TSX Composite Index by 9.0% per annum.(2)

Since inception, Class A shareholders have received cash distributions of $18.75 per Class A share.

The preferred shares have delivered a 4.9% per annum total return over the last 10 years based on NAV, outperforming the S&P/TSX Preferred Share Index by 1.5% per annum with lower volatility.(2)

The Company invests, on an approximately equal weighted basis, in a portfolio (the “Portfolio”) consisting of common shares of the six largest Canadian banks (currently, Royal Bank of Canada, The Bank of Nova Scotia, National Bank of Canada, The Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and Bank of Montreal). In addition, the Company may hold up to 10% of the total assets of the Portfolio in investments in global financial companies for the purposes of enhanced diversification and return potential.

Posted in Issue Comments | 3 Comments »

New Issue: CU Straight Perpetual, 4.75%

November 23rd, 2021

Canadian Utilities Limited has announced:

it has entered into an agreement with a syndicate of underwriters co-led by BMO Capital Markets and RBC Capital Markets, and including TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial and iA Private Wealth Inc. The underwriters have agreed to buy 7,000,000 4.75% Cumulative Redeemable Second Preferred Shares Series HH at a price of $25.00 per share for aggregate gross proceeds of $175,000,000. The proceeds will be used for capital expenditures, to repay indebtedness and for other general corporate purposes.

Canadian Utilities Limited has granted the Underwriters an option, exercisable, in whole or in part, at any time until and including 30 days following the closing of the Offering, to purchase, at the offering price, an additional 1,050,000 Series HH Preferred Shares, to cover over-allotments, if any. Should the option be fully exercised, the total gross proceeds of the Series HH Preferred Share offering will be $201,250,000.

The Series HH Preferred Shares will be issued to the public at a price of $25.00 per share and holders will be entitled to receive fixed cumulative preferential cash dividends, payable quarterly as and when declared by the Board of Directors of the Corporation at an annual rate of $1.1875 per share, to yield 4.75% annually. On or after March 1, 2027, the Corporation may redeem the Series HH Preferred Shares in whole or in part from time to time, at $26.00 per share if redeemed during the 12 months commencing March 1, 2027, at $25.75 per share if redeemed during the 12 months commencing March 1, 2028, at $25.50 per share if redeemed during the 12 months commencing March 1, 2029, at $25.25 per share if redeemed during the 12 months commencing March 1, 2030, and at $25.00 per share if redeemed on or after March 1, 2031, in each case together with all accrued and unpaid dividends up to but excluding the date fixed for redemption.

The offering is being made only in the provinces of Canada by means of a short form prospectus and the closing date of the issue is expected to be on or about December 9, 2021.

Thanks to Assiduous Readern Peculiar_Investor for ensuring I was aware of this!

Posted in New Issues | 1 Comment »

November 23, 2021

November 23rd, 2021

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	2.97 %	3.41 %	45,658	20.15	1	-0.0969 %	2,936.0
FixedFloater	0.00 %	0.00 %	0	0.00	0	0.2536 %	5,386.0
Floater	2.96 %	2.98 %	88,672	19.72	3	0.2536 %	3,104.0
OpRet	0.00 %	0.00 %	0	0.00	0	0.3656 %	3,685.6
SplitShare	4.65 %	4.05 %	58,943	3.85	5	0.3656 %	4,401.4
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	0.3656 %	3,434.1
Perpetual-Premium	5.14 %	-8.35 %	44,872	0.09	29	-0.0350 %	3,271.5
Perpetual-Discount	4.71 %	4.85 %	69,397	15.70	6	-0.9342 %	3,848.5
FixedReset Disc	3.83 %	3.87 %	125,930	17.00	37	-1.3850 %	2,881.2
Insurance Straight	4.93 %	3.97 %	89,563	0.59	20	-0.1639 %	3,679.8
FloatingReset	2.40 %	2.71 %	29,233	20.42	2	0.3299 %	2,962.5
FixedReset Prem	4.65 %	3.08 %	122,045	2.28	33	-0.0815 %	2,748.1
FixedReset Bank Non	0.00 %	0.00 %	0	0.00	0	-1.3850 %	2,945.2
FixedReset Ins Non	4.02 %	3.89 %	93,903	16.87	19	-0.1917 %	2,996.1

Performance Highlights
Issue	Index	Change	Notes
TRP.PR.G	FixedReset Disc	-45.98 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 13.17 Evaluated at bid price : 13.17 Bid-YTW : 7.95 %
BAM.PR.M	Perpetual-Discount	-2.38 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.34 Evaluated at bid price : 24.65 Bid-YTW : 4.87 %
BAM.PR.R	FixedReset Disc	-2.22 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 4.60 %
FTS.PR.J	Perpetual-Premium	-2.18 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.42 Evaluated at bid price : 24.70 Bid-YTW : 4.81 %
SLF.PR.H	FixedReset Ins Non	-1.99 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 22.08 Evaluated at bid price : 22.65 Bid-YTW : 3.85 %
TRP.PR.B	FixedReset Disc	-1.76 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 14.51 Evaluated at bid price : 14.51 Bid-YTW : 4.53 %
FTS.PR.G	FixedReset Disc	-1.58 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 22.15 Evaluated at bid price : 22.47 Bid-YTW : 4.14 %
IFC.PR.A	FixedReset Ins Non	-1.35 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 21.21 Evaluated at bid price : 21.21 Bid-YTW : 3.89 %
BAM.PF.B	FixedReset Disc	-1.30 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 22.84 Evaluated at bid price : 23.54 Bid-YTW : 4.48 %
IFC.PR.F	Insurance Straight	-1.23 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2025-09-30 Maturity Price : 25.25 Evaluated at bid price : 25.80 Bid-YTW : 4.88 %
CU.PR.G	Perpetual-Discount	-1.22 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.00 Evaluated at bid price : 24.29 Bid-YTW : 4.63 %
CU.PR.I	FixedReset Prem	-1.12 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 26.60 Bid-YTW : 2.80 %
SLF.PR.C	Insurance Straight	1.13 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.46 Evaluated at bid price : 24.70 Bid-YTW : 4.49 %
SLF.PR.G	FixedReset Ins Non	1.18 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 3.75 %
GWO.PR.N	FixedReset Ins Non	1.45 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 17.50 Evaluated at bid price : 17.50 Bid-YTW : 3.75 %
TRP.PR.D	FixedReset Disc	1.70 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 21.67 Evaluated at bid price : 22.12 Bid-YTW : 4.43 %
PVS.PR.J	SplitShare	1.99 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 3.96 %
BAM.PR.X	FixedReset Disc	2.69 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 18.69 Evaluated at bid price : 18.69 Bid-YTW : 4.49 %
SLF.PR.J	FloatingReset	2.79 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 17.85 Evaluated at bid price : 17.85 Bid-YTW : 2.09 %

Volume Highlights
Issue	Index	Shares Traded	Notes
BMO.PR.C	FixedReset Prem	273,100	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-25 Maturity Price : 25.00 Evaluated at bid price : 25.27 Bid-YTW : 2.27 %
SLF.PR.D	Insurance Straight	191,950	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.34 Evaluated at bid price : 24.65 Bid-YTW : 4.49 %
MFC.PR.R	FixedReset Ins Non	99,616	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 2.53 %
RY.PR.Z	FixedReset Disc	82,500	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 23.30 Evaluated at bid price : 24.55 Bid-YTW : 3.73 %
PWF.PF.A	Perpetual-Discount	61,430	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 24.30 Evaluated at bid price : 24.69 Bid-YTW : 4.59 %
FTS.PR.M	FixedReset Disc	61,390	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 22.57 Evaluated at bid price : 23.23 Bid-YTW : 4.27 %
There were 26 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
TRP.PR.G	FixedReset Disc	Quote: 13.17 – 24.42 Spot Rate : 11.2500 Average : 5.9125 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 13.17 Evaluated at bid price : 13.17 Bid-YTW : 7.95 %
SLF.PR.H	FixedReset Ins Non	Quote: 22.65 – 24.00 Spot Rate : 1.3500 Average : 0.9315 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 22.08 Evaluated at bid price : 22.65 Bid-YTW : 3.85 %
BAM.PR.R	FixedReset Disc	Quote: 20.30 – 21.15 Spot Rate : 0.8500 Average : 0.5639 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 4.60 %
TRP.PR.C	FixedReset Disc	Quote: 15.90 – 17.00 Spot Rate : 1.1000 Average : 0.8761 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 15.90 Evaluated at bid price : 15.90 Bid-YTW : 4.48 %
BAM.PR.B	Floater	Quote: 14.60 – 15.30 Spot Rate : 0.7000 Average : 0.4923 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 2.96 %
TRP.PR.A	FixedReset Disc	Quote: 19.80 – 20.53 Spot Rate : 0.7300 Average : 0.5281 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-23 Maturity Price : 19.80 Evaluated at bid price : 19.80 Bid-YTW : 4.43 %

Posted in Market Action | 3 Comments »

November 22, 2021

November 22nd, 2021

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	2.97 %	3.40 %	45,515	20.16	1	0.1456 %	2,938.8
FixedFloater	0.00 %	0.00 %	0	0.00	0	-0.0231 %	5,372.4
Floater	2.97 %	2.99 %	88,786	19.70	3	-0.0231 %	3,096.1
OpRet	0.00 %	0.00 %	0	0.00	0	-0.2289 %	3,672.2
SplitShare	4.67 %	4.19 %	57,250	3.85	5	-0.2289 %	4,385.3
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	-0.2289 %	3,421.6
Perpetual-Premium	5.14 %	-7.96 %	46,027	0.09	29	-0.0942 %	3,272.7
Perpetual-Discount	4.66 %	4.58 %	68,863	15.77	6	-0.0470 %	3,884.8
FixedReset Disc	3.78 %	3.96 %	121,954	17.06	37	-0.2189 %	2,921.7
Insurance Straight	4.93 %	4.15 %	90,216	3.26	20	0.0000 %	3,685.9
FloatingReset	2.41 %	2.69 %	28,780	20.49	2	0.4695 %	2,952.8
FixedReset Prem	4.64 %	3.16 %	121,870	2.28	33	-0.0165 %	2,750.4
FixedReset Bank Non	0.00 %	0.00 %	0	0.00	0	-0.2189 %	2,986.6
FixedReset Ins Non	4.02 %	3.84 %	88,476	16.82	19	-0.0423 %	3,001.8

Performance Highlights
Issue	Index	Change	Notes
TRP.PR.D	FixedReset Disc	-2.68 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 21.41 Evaluated at bid price : 21.75 Bid-YTW : 4.51 %
BAM.PR.X	FixedReset Disc	-2.15 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 4.61 %
SLF.PR.J	FloatingReset	-1.96 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 2.15 %
PWF.PR.T	FixedReset Disc	-1.88 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.36 Evaluated at bid price : 24.53 Bid-YTW : 3.96 %
RS.PR.A	SplitShare	-1.78 %	YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 10.48 Bid-YTW : 4.20 %
BAM.PR.R	FixedReset Disc	-1.66 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 4.50 %
BAM.PR.T	FixedReset Disc	-1.16 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 4.56 %
GWO.PR.Y	Insurance Straight	1.30 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 24.59 Evaluated at bid price : 24.98 Bid-YTW : 4.54 %
TRP.PR.F	FloatingReset	2.84 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 18.83 Evaluated at bid price : 18.83 Bid-YTW : 2.69 %

Volume Highlights
Issue	Index	Shares Traded	Notes
TD.PF.A	FixedReset Disc	189,099	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.20 Evaluated at bid price : 24.50 Bid-YTW : 3.76 %
TD.PF.B	FixedReset Disc	67,493	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.26 Evaluated at bid price : 24.55 Bid-YTW : 3.79 %
BMO.PR.B	FixedReset Prem	58,634	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 1.30 %
TD.PF.C	FixedReset Disc	42,686	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.22 Evaluated at bid price : 24.65 Bid-YTW : 3.77 %
NA.PR.W	FixedReset Disc	42,155	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.24 Evaluated at bid price : 24.71 Bid-YTW : 3.75 %
RY.PR.S	FixedReset Prem	26,927	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 23.64 Evaluated at bid price : 25.35 Bid-YTW : 3.85 %
There were 11 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
TRP.PR.D	FixedReset Disc	Quote: 21.75 – 22.55 Spot Rate : 0.8000 Average : 0.5561 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 21.41 Evaluated at bid price : 21.75 Bid-YTW : 4.51 %
PVS.PR.I	SplitShare	Quote: 25.75 – 26.40 Spot Rate : 0.6500 Average : 0.4299 YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.75 Bid-YTW : 3.89 %
BAM.PR.X	FixedReset Disc	Quote: 18.20 – 18.90 Spot Rate : 0.7000 Average : 0.5225 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 4.61 %
RS.PR.A	SplitShare	Quote: 10.48 – 11.27 Spot Rate : 0.7900 Average : 0.6323 YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 10.48 Bid-YTW : 4.20 %
BAM.PR.R	FixedReset Disc	Quote: 20.76 – 21.15 Spot Rate : 0.3900 Average : 0.2503 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-22 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 4.50 %
IFC.PR.E	Insurance Straight	Quote: 26.30 – 26.90 Spot Rate : 0.6000 Average : 0.4710 YTW SCENARIO Maturity Type : Call Maturity Date : 2025-06-30 Maturity Price : 25.25 Evaluated at bid price : 26.30 Bid-YTW : 4.15 %

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November 19, 2021

November 19th, 2021

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	2.97 %	3.41 %	47,278	20.16	1	-0.0970 %	2,934.6
FixedFloater	0.00 %	0.00 %	0	0.00	0	-0.0691 %	5,373.6
Floater	2.97 %	2.98 %	87,437	19.73	3	-0.0691 %	3,096.8
OpRet	0.00 %	0.00 %	0	0.00	0	-0.2014 %	3,680.6
SplitShare	4.66 %	4.24 %	57,996	3.81	5	-0.2014 %	4,395.4
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	-0.2014 %	3,429.5
Perpetual-Premium	5.13 %	-9.89 %	46,704	0.09	29	-0.0646 %	3,275.8
Perpetual-Discount	4.66 %	4.58 %	68,444	15.83	6	0.0269 %	3,886.7
FixedReset Disc	3.77 %	3.82 %	120,444	17.20	37	-0.1312 %	2,928.1
Insurance Straight	4.93 %	4.37 %	88,472	3.27	20	-0.2108 %	3,685.9
FloatingReset	2.46 %	2.81 %	27,271	20.18	2	-0.9573 %	2,939.0
FixedReset Prem	4.64 %	3.04 %	123,757	2.29	33	-0.0826 %	2,750.8
FixedReset Bank Non	0.00 %	0.00 %	0	0.00	0	-0.1312 %	2,993.1
FixedReset Ins Non	4.01 %	3.76 %	89,266	16.94	19	-0.0868 %	3,003.1

Performance Highlights
Issue	Index	Change	Notes
SLF.PR.G	FixedReset Ins Non	-2.14 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 3.74 %
TRP.PR.F	FloatingReset	-1.88 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 2.81 %
BAM.PR.X	FixedReset Disc	-1.59 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 4.45 %
TRP.PR.C	FixedReset Disc	-1.55 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 15.90 Evaluated at bid price : 15.90 Bid-YTW : 4.41 %
TD.PF.I	FixedReset Prem	-1.49 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 4.25 %
CU.PR.C	FixedReset Disc	-1.45 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 22.34 Evaluated at bid price : 23.16 Bid-YTW : 4.13 %
BIP.PR.A	FixedReset Prem	-1.38 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 23.01 Evaluated at bid price : 24.26 Bid-YTW : 4.97 %
GWO.PR.Y	Insurance Straight	-1.36 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 24.28 Evaluated at bid price : 24.66 Bid-YTW : 4.60 %
FTS.PR.K	FixedReset Disc	-1.35 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 21.59 Evaluated at bid price : 22.00 Bid-YTW : 4.04 %
GWO.PR.S	Insurance Straight	-1.24 %	YTW SCENARIO Maturity Type : Call Maturity Date : 2023-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 4.46 %

Volume Highlights
Issue	Index	Shares Traded	Notes
BAM.PR.K	Floater	145,700	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 2.98 %
CM.PR.O	FixedReset Disc	122,475	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 23.31 Evaluated at bid price : 24.66 Bid-YTW : 3.77 %
CM.PR.R	FixedReset Prem	111,665	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.41 Bid-YTW : 2.42 %
BAM.PR.C	Floater	107,300	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 3.01 %
BAM.PR.B	Floater	80,226	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 14.53 Evaluated at bid price : 14.53 Bid-YTW : 2.97 %
TD.PF.M	FixedReset Prem	38,600	YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.80 Bid-YTW : 2.44 %
There were 13 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
SLF.PR.H	FixedReset Ins Non	Quote: 23.07 – 23.75 Spot Rate : 0.6800 Average : 0.4976 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 22.32 Evaluated at bid price : 23.07 Bid-YTW : 3.76 %
CU.PR.C	FixedReset Disc	Quote: 23.16 – 23.70 Spot Rate : 0.5400 Average : 0.3581 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 22.34 Evaluated at bid price : 23.16 Bid-YTW : 4.13 %
TD.PF.I	FixedReset Prem	Quote: 25.12 – 25.57 Spot Rate : 0.4500 Average : 0.2730 YTW SCENARIO Maturity Type : Call Maturity Date : 2022-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.12 Bid-YTW : 4.25 %
TRP.PR.F	FloatingReset	Quote: 18.31 – 18.80 Spot Rate : 0.4900 Average : 0.3220 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 2.81 %
TRP.PR.A	FixedReset Disc	Quote: 19.91 – 20.53 Spot Rate : 0.6200 Average : 0.4786 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-19 Maturity Price : 19.91 Evaluated at bid price : 19.91 Bid-YTW : 4.35 %
RS.PR.A	SplitShare	Quote: 10.67 – 11.27 Spot Rate : 0.6000 Average : 0.4595 YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-12-31 Maturity Price : 10.00 Evaluated at bid price : 10.67 Bid-YTW : 3.69 %

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November 18, 2021

November 18th, 2021

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	2.97 %	3.41 %	47,394	20.16	1	0.0971 %	2,937.4
FixedFloater	0.00 %	0.00 %	0	0.00	0	-0.2528 %	5,377.3
Floater	2.96 %	2.98 %	80,809	19.73	3	-0.2528 %	3,099.0
OpRet	0.00 %	0.00 %	0	0.00	0	-0.0077 %	3,688.0
SplitShare	4.65 %	4.32 %	57,199	3.81	5	-0.0077 %	4,404.3
Interest-Bearing	0.00 %	0.00 %	0	0.00	0	-0.0077 %	3,436.4
Perpetual-Premium	5.13 %	-11.05 %	48,638	0.09	29	-0.0013 %	3,277.9
Perpetual-Discount	4.66 %	4.59 %	70,905	15.80	6	-0.1811 %	3,885.6
FixedReset Disc	3.77 %	3.85 %	120,359	17.20	37	0.0674 %	2,932.0
Insurance Straight	4.92 %	4.25 %	88,445	3.47	20	0.0079 %	3,693.6
FloatingReset	2.44 %	2.75 %	28,365	20.32	2	-0.4628 %	2,967.4
FixedReset Prem	4.64 %	3.02 %	123,306	2.29	33	0.1217 %	2,753.1
FixedReset Bank Non	0.00 %	0.00 %	0	0.00	0	0.0674 %	2,997.0
FixedReset Ins Non	4.01 %	3.77 %	90,094	16.97	19	0.2611 %	3,005.7

Performance Highlights
Issue	Index	Change	Notes
IFC.PR.A	FixedReset Ins Non	-1.38 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 3.78 %
FTS.PR.H	FixedReset Disc	-1.15 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 4.00 %
SLF.PR.H	FixedReset Ins Non	-1.07 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.34 Evaluated at bid price : 23.10 Bid-YTW : 3.76 %
BAM.PF.F	FixedReset Disc	-1.03 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.99 Evaluated at bid price : 24.00 Bid-YTW : 4.46 %
TRP.PR.B	FixedReset Disc	1.72 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 14.76 Evaluated at bid price : 14.76 Bid-YTW : 4.38 %
TRP.PR.D	FixedReset Disc	1.86 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.11 Evaluated at bid price : 22.41 Bid-YTW : 4.33 %
BAM.PR.Z	FixedReset Prem	3.10 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 24.63 Evaluated at bid price : 24.95 Bid-YTW : 4.51 %
SLF.PR.G	FixedReset Ins Non	3.32 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 3.66 %
GWO.PR.N	FixedReset Ins Non	6.52 %	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 3.77 %

Volume Highlights
Issue	Index	Shares Traded	Notes
BNS.PR.H	FixedReset Prem	66,475	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 1.73 %
TRP.PR.K	FixedReset Prem	60,000	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 3.02 %
RY.PR.Z	FixedReset Disc	39,802	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.26 Evaluated at bid price : 24.45 Bid-YTW : 3.70 %
MFC.PR.Q	FixedReset Ins Non	34,850	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.81 Evaluated at bid price : 25.28 Bid-YTW : 4.00 %
TRP.PR.E	FixedReset Disc	25,200	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 21.76 Evaluated at bid price : 22.00 Bid-YTW : 4.36 %
NA.PR.S	FixedReset Disc	23,900	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.40 Evaluated at bid price : 24.81 Bid-YTW : 3.85 %
There were 12 other index-included issues trading in excess of 10,000 shares.

Wide Spread Highlights
Issue	Index	Quote Data and Yield Notes
SLF.PR.I	FixedReset Ins Non	Quote: 25.18 – 25.93 Spot Rate : 0.7500 Average : 0.4112 YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.18 Bid-YTW : 1.93 %
BAM.PF.F	FixedReset Disc	Quote: 24.00 – 24.50 Spot Rate : 0.5000 Average : 0.3215 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.99 Evaluated at bid price : 24.00 Bid-YTW : 4.46 %
CU.PR.F	Perpetual-Discount	Quote: 24.50 – 24.90 Spot Rate : 0.4000 Average : 0.2624 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 24.23 Evaluated at bid price : 24.50 Bid-YTW : 4.59 %
MIC.PR.A	Perpetual-Premium	Quote: 27.41 – 27.85 Spot Rate : 0.4400 Average : 0.3148 YTW SCENARIO Maturity Type : Call Maturity Date : 2026-03-31 Maturity Price : 26.00 Evaluated at bid price : 27.41 Bid-YTW : 4.03 %
BAM.PR.B	Floater	Quote: 14.50 – 15.30 Spot Rate : 0.8000 Average : 0.6864 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 2.98 %
IFC.PR.A	FixedReset Ins Non	Quote: 21.50 – 21.90 Spot Rate : 0.4000 Average : 0.2872 YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 3.78 %

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Volume Highlights
Issue	Index	Shares Traded	Notes
PWF.PF.A	Perpetual-Discount	46,753	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-26 Maturity Price : 24.37 Evaluated at bid price : 24.77 Bid-YTW : 4.57 %
MFC.PR.G	FixedReset Ins Non	36,200	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-18 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 3.79 %
MFC.PR.H	FixedReset Ins Non	31,700	YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : 3.04 %
TD.PF.A	FixedReset Disc	29,948	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-26 Maturity Price : 23.17 Evaluated at bid price : 24.41 Bid-YTW : 3.79 %
BNS.PR.I	FixedReset Prem	25,214	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-26 Maturity Price : 23.71 Evaluated at bid price : 25.50 Bid-YTW : 3.89 %
BMO.PR.W	FixedReset Disc	24,200	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-26 Maturity Price : 23.14 Evaluated at bid price : 24.38 Bid-YTW : 3.79 %
There were 15 other index-included issues trading in excess of 10,000 shares.

Volume Highlights
Issue	Index	Shares Traded	Notes
TD.PF.J	FixedReset Prem	26,900	YTW SCENARIO Maturity Type : Call Maturity Date : 2023-04-30 Maturity Price : 25.00 Evaluated at bid price : 25.34 Bid-YTW : 3.95 %
BAM.PR.N	Perpetual-Discount	26,500	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-25 Maturity Price : 24.60 Evaluated at bid price : 24.85 Bid-YTW : 4.84 %
PWF.PF.A	Perpetual-Discount	26,050	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-25 Maturity Price : 24.35 Evaluated at bid price : 24.75 Bid-YTW : 4.58 %
RY.PR.Z	FixedReset Disc	25,500	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-25 Maturity Price : 23.28 Evaluated at bid price : 24.50 Bid-YTW : 3.74 %
NA.PR.E	FixedReset Prem	15,660	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-25 Maturity Price : 23.82 Evaluated at bid price : 25.20 Bid-YTW : 4.04 %
TD.PF.A	FixedReset Disc	12,600	YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-25 Maturity Price : 23.22 Evaluated at bid price : 24.55 Bid-YTW : 3.76 %
There were 3 other index-included issues trading in excess of 10,000 shares.

PrefBlog

November 26, 2021

ECN.PR.A To Be Redeemed

November 25, 2021

November 24, 2021

SBC To Split Capital Units, Issue Preferreds

New Issue: CU Straight Perpetual, 4.75%

November 23, 2021

November 22, 2021

November 19, 2021

November 18, 2021

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