DBRS has concluded that the Brookfield Asset Management / General Growth Properties deal, as confirmed, continues to be credit-neutral. The original PrefBlog post on this issue has been updated with the link.
Volume continued to be elevated and the Canadian preferred share market continued to get hit, with PerpetualDiscounts down 32bp on the day and FixedResets losing 7bp.
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 | 2.56 % | 2.61 % | 58,083 | 20.98 | 1 | 0.0000 % | 2,162.1 |
FixedFloater | 4.93 % | 3.05 % | 49,418 | 20.10 | 1 | 0.0000 % | 3,207.1 |
Floater | 1.90 % | 1.67 % | 47,936 | 23.42 | 4 | -0.5411 % | 2,423.2 |
OpRet | 4.87 % | 1.96 % | 109,523 | 0.16 | 10 | -0.0741 % | 2,309.0 |
SplitShare | 6.38 % | -1.25 % | 137,805 | 0.08 | 2 | 0.0880 % | 2,139.9 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0741 % | 2,111.4 |
Perpetual-Premium | 5.74 % | 3.06 % | 36,513 | 0.65 | 2 | 0.2591 % | 1,863.8 |
Perpetual-Discount | 6.12 % | 6.19 % | 177,444 | 13.66 | 76 | -0.3214 % | 1,736.2 |
FixedReset | 5.39 % | 3.57 % | 392,427 | 3.66 | 43 | -0.0692 % | 2,195.2 |
Performance Highlights | |||
Issue | Index | Change | Notes |
PWF.PR.M | FixedReset | -1.88 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-03-02 Maturity Price : 25.00 Evaluated at bid price : 27.18 Bid-YTW : 3.89 % |
MFC.PR.A | OpRet | -1.58 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2015-12-18 Maturity Price : 25.00 Evaluated at bid price : 25.59 Bid-YTW : 3.68 % |
PWF.PR.H | Perpetual-Discount | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 23.10 Evaluated at bid price : 23.38 Bid-YTW : 6.26 % |
CIU.PR.A | Perpetual-Discount | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 19.26 Evaluated at bid price : 19.26 Bid-YTW : 6.05 % |
POW.PR.B | Perpetual-Discount | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.40 % |
TRI.PR.B | Floater | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 23.48 Evaluated at bid price : 23.75 Bid-YTW : 1.62 % |
BNS.PR.O | Perpetual-Discount | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 23.23 Evaluated at bid price : 23.41 Bid-YTW : 5.98 % |
IAG.PR.E | Perpetual-Discount | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 23.87 Evaluated at bid price : 24.06 Bid-YTW : 6.27 % |
NA.PR.K | Perpetual-Discount | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 23.85 Evaluated at bid price : 24.20 Bid-YTW : 6.13 % |
GWL.PR.O | Perpetual-Premium | 1.20 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2010-11-30 Maturity Price : 25.00 Evaluated at bid price : 25.30 Bid-YTW : 3.06 % |
BAM.PR.J | OpRet | 1.56 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2018-03-30 Maturity Price : 25.00 Evaluated at bid price : 26.05 Bid-YTW : 4.79 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
RY.PR.T | FixedReset | 48,565 | TD sold 10,000 to Nesbitt at 28.06 and 12,000 to anonymous at the same price. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-09-23 Maturity Price : 25.00 Evaluated at bid price : 28.00 Bid-YTW : 3.54 % |
TD.PR.I | FixedReset | 47,441 | TD crossed 26,000 at 28.22. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-08-30 Maturity Price : 25.00 Evaluated at bid price : 28.22 Bid-YTW : 3.37 % |
W.PR.J | Perpetual-Discount | 43,573 | Nesbitt crossed 40,000 at 21.70. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2040-04-01 Maturity Price : 21.44 Evaluated at bid price : 21.70 Bid-YTW : 6.47 % |
TD.PR.G | FixedReset | 42,555 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 27.96 Bid-YTW : 3.52 % |
TD.PR.E | FixedReset | 40,330 | RBC sold 10,000 to anonymous at 28.10. YTW SCENARIO Maturity Type : Call Maturity Date : 2014-05-30 Maturity Price : 25.00 Evaluated at bid price : 28.10 Bid-YTW : 3.38 % |
TD.PR.K | FixedReset | 35,927 | YTW SCENARIO Maturity Type : Call Maturity Date : 2014-08-30 Maturity Price : 25.00 Evaluated at bid price : 28.08 Bid-YTW : 3.50 % |
There were 50 other index-included issues trading in excess of 10,000 shares. |
GWL.PR.O Particulars
April 1st, 2010This is very old news indeed, but should be recorded for easy access to the information.
There’s no prospectus for the issue, since it came into being via the
This document is available on SEDAR, as “The Great-West Life Assurance Company Dec 14 2000 Issuer bid circular – English
PDF 314K”
Series O Dividends
Series O Redemption
On October 31, 2010 and every five years thereafter, Series O is exchangeable at the holder’s option (subject to the usual restrictions on shares left outstanding) to and from Series P.
Series P Dividends
Series P Redemption
GWL.PR.O is not currently listed on PrefInfo. When I get around to updating the information, it will be summarized as:
GWL.PR.O
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