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 | 0.4425 % | 2,164.6 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4425 % | 4,151.8 |
Floater | 9.94 % | 10.06 % | 83,655 | 9.52 | 2 | 0.4425 % | 2,392.7 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1204 % | 3,600.5 |
SplitShare | 4.79 % | 5.25 % | 104,681 | 4.17 | 4 | 0.1204 % | 4,299.8 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1204 % | 3,354.9 |
Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3098 % | 2,925.3 |
Perpetual-Discount | 5.88 % | 5.99 % | 48,944 | 13.89 | 31 | -0.3098 % | 3,189.9 |
FixedReset Disc | 5.52 % | 6.56 % | 116,367 | 13.01 | 58 | -0.0466 % | 2,663.1 |
Insurance Straight | 5.73 % | 5.80 % | 61,756 | 14.23 | 20 | 0.2811 % | 3,160.1 |
FloatingReset | 8.22 % | 8.34 % | 29,523 | 11.06 | 2 | 0.2649 % | 2,714.0 |
FixedReset Prem | 6.42 % | 5.52 % | 216,278 | 13.58 | 7 | 0.2056 % | 2,579.4 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0466 % | 2,722.3 |
FixedReset Ins Non | 5.22 % | 5.92 % | 99,858 | 13.97 | 14 | 0.1340 % | 2,813.6 |
Performance Highlights | |||
Issue | Index | Change | Notes |
ENB.PF.A | FixedReset Disc | -3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.59 % |
TD.PF.E | FixedReset Disc | -3.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.42 Evaluated at bid price : 22.90 Bid-YTW : 6.00 % |
MFC.PR.M | FixedReset Ins Non | -2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.11 % |
MIC.PR.A | Perpetual-Discount | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 20.56 Evaluated at bid price : 20.56 Bid-YTW : 6.62 % |
TD.PF.C | FixedReset Disc | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 21.96 Evaluated at bid price : 22.50 Bid-YTW : 5.58 % |
ENB.PF.G | FixedReset Disc | -1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 7.57 % |
BIP.PR.E | FixedReset Disc | -1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.67 Evaluated at bid price : 23.51 Bid-YTW : 6.34 % |
POW.PR.A | Perpetual-Discount | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 23.09 Evaluated at bid price : 23.35 Bid-YTW : 6.01 % |
GWO.PR.L | Insurance Straight | -1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 23.49 Evaluated at bid price : 23.76 Bid-YTW : 5.98 % |
BIP.PR.B | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 24.50 Bid-YTW : 7.30 % |
IFC.PR.G | FixedReset Ins Non | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.94 Evaluated at bid price : 24.13 Bid-YTW : 5.63 % |
PWF.PR.P | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 14.76 Evaluated at bid price : 14.76 Bid-YTW : 7.06 % |
IFC.PR.C | FixedReset Ins Non | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 20.52 Evaluated at bid price : 20.52 Bid-YTW : 6.30 % |
FTS.PR.H | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 15.08 Evaluated at bid price : 15.08 Bid-YTW : 6.83 % |
CU.PR.C | FixedReset Disc | 3.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.22 % |
CCS.PR.C | Insurance Straight | 4.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.49 Evaluated at bid price : 22.75 Bid-YTW : 5.52 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
PVS.PR.L | SplitShare | 44,600 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.35 Bid-YTW : 5.25 % |
MFC.PR.K | FixedReset Ins Non | 39,665 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 23.01 Evaluated at bid price : 24.34 Bid-YTW : 5.41 % |
RY.PR.S | FixedReset Prem | 32,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 23.28 Evaluated at bid price : 25.23 Bid-YTW : 5.24 % |
BMO.PR.W | FixedReset Disc | 31,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.72 Evaluated at bid price : 23.89 Bid-YTW : 5.17 % |
TD.PF.A | FixedReset Disc | 29,250 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-10-03 Maturity Price : 22.19 Evaluated at bid price : 22.85 Bid-YTW : 5.49 % |
PVS.PR.K | SplitShare | 27,250 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 24.90 Bid-YTW : 4.65 % |
There were 6 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
SLF.PR.G | FixedReset Ins Non | Quote: 16.12 – 17.00 Spot Rate : 0.8800 Average : 0.5614 YTW SCENARIO |
ENB.PF.A | FixedReset Disc | Quote: 18.00 – 18.85 Spot Rate : 0.8500 Average : 0.5353 YTW SCENARIO |
IFC.PR.E | Insurance Straight | Quote: 21.24 – 22.82 Spot Rate : 1.5800 Average : 1.2685 YTW SCENARIO |
TD.PF.E | FixedReset Disc | Quote: 22.90 – 23.90 Spot Rate : 1.0000 Average : 0.7547 YTW SCENARIO |
MIC.PR.A | Perpetual-Discount | Quote: 20.56 – 21.51 Spot Rate : 0.9500 Average : 0.7345 YTW SCENARIO |
TD.PF.C | FixedReset Disc | Quote: 22.50 – 23.33 Spot Rate : 0.8300 Average : 0.6499 YTW SCENARIO |
BMO.PR.W To Be Redeemed
Thursday, October 3rd, 2024Bank of Montreal has announced:
BMO.PR.W was issued as a FixedReset, 3.80%+222, that commenced trading 2014-7-30 after being announced 2014-7-22. Notice of extension was given 2019-9-27. BMO.PR.W reset at 3.851% effective 2019-11-25. I recommended against conversion and there was no conversion. It is tracked by HIMIPref™ and has been assigned to the FixedReset – Discount subindex.
BMO.PR.W closed at 23.89 today, with a VWAP of 23.898 on volume of 31,400, so maybe some of the speculators who lost money on the extension of TD.PF.A recouped their losses.
Thanks to Assiduous Reader IrateAR for bringing this to my attention!
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