Month: April 2025

Market Action

April 15, 2025

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 0.0000 % 2,080.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 4,049.2
Floater 7.41 % 8.05 % 66,282 11.34 3 0.0000 % 2,333.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.2278 % 3,603.7
SplitShare 4.84 % 5.06 % 73,467 1.77 9 0.2278 % 4,303.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2278 % 3,357.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.3009 % 2,871.1
Perpetual-Discount 5.99 % 6.16 % 58,129 13.68 33 1.3009 % 3,130.8
FixedReset Disc 5.81 % 6.98 % 135,834 12.42 49 1.2414 % 2,706.1
Insurance Straight 5.99 % 5.99 % 75,631 13.89 21 0.0845 % 3,022.3
FloatingReset 5.94 % 5.89 % 41,045 14.03 3 -0.1600 % 3,460.0
FixedReset Prem 6.43 % 5.63 % 144,228 13.75 10 1.4823 % 2,547.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 1.2414 % 2,766.2
FixedReset Ins Non 5.76 % 6.38 % 76,601 13.25 12 2.2952 % 2,731.9
Performance Highlights
Issue Index Change Notes
CCS.PR.C Insurance Straight -16.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.20 %
ENB.PR.N FixedReset Disc -3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.37
Evaluated at bid price : 20.37
Bid-YTW : 7.31 %
MFC.PR.Q FixedReset Ins Non -2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.74
Evaluated at bid price : 22.00
Bid-YTW : 6.38 %
ENB.PF.K FixedReset Disc -1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.33
Evaluated at bid price : 22.80
Bid-YTW : 6.78 %
CU.PR.H Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.91 %
GWO.PR.Q Insurance Straight 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.21
Evaluated at bid price : 21.21
Bid-YTW : 6.13 %
SLF.PR.E Insurance Straight 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 5.80 %
POW.PR.B Perpetual-Discount 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.52
Evaluated at bid price : 21.78
Bid-YTW : 6.17 %
ENB.PR.F FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 7.74 %
GWO.PR.L Insurance Straight 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.98
Evaluated at bid price : 23.25
Bid-YTW : 6.13 %
NA.PR.I FixedReset Prem 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.22
Evaluated at bid price : 24.92
Bid-YTW : 6.01 %
FFH.PR.I FixedReset Disc 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.27
Evaluated at bid price : 23.05
Bid-YTW : 6.11 %
TD.PF.J FixedReset Prem 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.29
Evaluated at bid price : 24.77
Bid-YTW : 5.62 %
CU.PR.G Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.03
Evaluated at bid price : 19.03
Bid-YTW : 6.01 %
ENB.PR.P FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 7.45 %
ENB.PR.Y FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 17.62
Evaluated at bid price : 17.62
Bid-YTW : 7.63 %
CM.PR.S FixedReset Prem 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 24.59
Evaluated at bid price : 24.59
Bid-YTW : 5.55 %
RY.PR.O Perpetual-Discount 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 24.21
Evaluated at bid price : 24.50
Bid-YTW : 5.06 %
NA.PR.S FixedReset Prem 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.02
Evaluated at bid price : 24.40
Bid-YTW : 5.58 %
IFC.PR.E Insurance Straight 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.15
Evaluated at bid price : 22.58
Bid-YTW : 5.79 %
FTS.PR.G FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.39 %
MFC.PR.J FixedReset Ins Non 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.57
Evaluated at bid price : 23.20
Bid-YTW : 6.11 %
BN.PF.C Perpetual-Discount 1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 6.37 %
TD.PF.I FixedReset Prem 1.32 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-10-31
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : 5.63 %
GWO.PR.R Insurance Straight 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.86
Evaluated at bid price : 19.86
Bid-YTW : 6.11 %
MFC.PR.F FixedReset Ins Non 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 6.89 %
GWO.PR.P Insurance Straight 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.05 %
PWF.PR.L Perpetual-Discount 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.16 %
ENB.PR.T FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 7.40 %
RY.PR.N Perpetual-Discount 1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 24.21
Evaluated at bid price : 24.50
Bid-YTW : 5.06 %
IFC.PR.I Insurance Straight 1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.55
Evaluated at bid price : 22.93
Bid-YTW : 5.93 %
FTS.PR.H FixedReset Disc 1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 15.15
Evaluated at bid price : 15.15
Bid-YTW : 7.21 %
BN.PF.I FixedReset Disc 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.57
Evaluated at bid price : 22.90
Bid-YTW : 7.21 %
POW.PR.G Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.60
Evaluated at bid price : 22.85
Bid-YTW : 6.16 %
GWO.PR.M Insurance Straight 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.70
Evaluated at bid price : 23.97
Bid-YTW : 6.10 %
TD.PF.E FixedReset Disc 1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.84
Evaluated at bid price : 24.50
Bid-YTW : 5.78 %
GWO.PR.T Insurance Straight 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 6.12 %
BMO.PR.Y FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.91
Evaluated at bid price : 24.66
Bid-YTW : 5.64 %
PWF.PR.H Perpetual-Discount 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.03
Evaluated at bid price : 23.30
Bid-YTW : 6.18 %
NA.PR.G FixedReset Prem 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.51
Evaluated at bid price : 25.68
Bid-YTW : 5.71 %
BN.PF.E FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 7.42 %
MFC.PR.B Insurance Straight 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.88 %
POW.PR.D Perpetual-Discount 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.76
Evaluated at bid price : 20.76
Bid-YTW : 6.07 %
GWO.PR.N FixedReset Ins Non 1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 14.81
Evaluated at bid price : 14.81
Bid-YTW : 6.92 %
MFC.PR.L FixedReset Ins Non 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 6.42 %
TD.PF.D FixedReset Disc 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.82
Evaluated at bid price : 24.65
Bid-YTW : 5.70 %
FTS.PR.F Perpetual-Discount 1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 5.84 %
BN.PF.D Perpetual-Discount 1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.37
Evaluated at bid price : 19.37
Bid-YTW : 6.39 %
PWF.PR.T FixedReset Disc 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.28
Evaluated at bid price : 21.56
Bid-YTW : 6.21 %
IFC.PR.G FixedReset Ins Non 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.38
Evaluated at bid price : 22.94
Bid-YTW : 6.09 %
MFC.PR.K FixedReset Ins Non 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.46
Evaluated at bid price : 23.11
Bid-YTW : 5.86 %
FTS.PR.J Perpetual-Discount 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.86 %
RY.PR.M FixedReset Disc 2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.79
Evaluated at bid price : 24.43
Bid-YTW : 5.57 %
BN.PR.X FixedReset Disc 2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 15.70
Evaluated at bid price : 15.70
Bid-YTW : 7.54 %
SLF.PR.G FixedReset Ins Non 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 15.80
Evaluated at bid price : 15.80
Bid-YTW : 6.81 %
PWF.PR.F Perpetual-Discount 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.09 %
PVS.PR.K SplitShare 2.27 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.29
Bid-YTW : 5.39 %
GWO.PR.Y Insurance Straight 2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.98 %
CM.PR.Q FixedReset Disc 2.44 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 5.49 %
BN.PR.R FixedReset Disc 2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 16.68
Evaluated at bid price : 16.68
Bid-YTW : 7.58 %
BN.PR.T FixedReset Disc 2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 16.68
Evaluated at bid price : 16.68
Bid-YTW : 7.57 %
IFC.PR.C FixedReset Ins Non 2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.73 %
ENB.PR.B FixedReset Disc 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 17.42
Evaluated at bid price : 17.42
Bid-YTW : 7.72 %
BMO.PR.E FixedReset Prem 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.64
Evaluated at bid price : 26.20
Bid-YTW : 5.55 %
PWF.PR.K Perpetual-Discount 2.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.36
Evaluated at bid price : 20.36
Bid-YTW : 6.11 %
FTS.PR.M FixedReset Disc 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 6.73 %
FTS.PR.K FixedReset Disc 2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.19
Evaluated at bid price : 20.19
Bid-YTW : 6.40 %
RY.PR.J FixedReset Disc 3.08 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 3.76 %
BN.PF.F FixedReset Disc 3.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 7.27 %
BN.PR.Z FixedReset Disc 3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 7.05 %
CU.PR.D Perpetual-Discount 3.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.00 %
BN.PF.B FixedReset Disc 3.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.02 %
RY.PR.S FixedReset Prem 3.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.51
Evaluated at bid price : 25.80
Bid-YTW : 5.20 %
CU.PR.J Perpetual-Discount 3.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 5.96 %
POW.PR.C Perpetual-Discount 3.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.43
Evaluated at bid price : 23.72
Bid-YTW : 6.15 %
BN.PF.A FixedReset Disc 3.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.07
Evaluated at bid price : 22.50
Bid-YTW : 6.74 %
BN.PR.M Perpetual-Discount 4.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 6.39 %
BN.PF.G FixedReset Disc 4.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 7.51 %
MFC.PR.M FixedReset Ins Non 14.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.80
Evaluated at bid price : 24.00
Bid-YTW : 5.55 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 328,285 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 3.76 %
TD.PF.D FixedReset Disc 87,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 23.82
Evaluated at bid price : 24.65
Bid-YTW : 5.70 %
FFH.PR.G FixedReset Disc 61,641 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.27
Evaluated at bid price : 23.02
Bid-YTW : 5.84 %
FFH.PR.I FixedReset Disc 54,468 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.27
Evaluated at bid price : 23.05
Bid-YTW : 6.11 %
ENB.PR.T FixedReset Disc 40,006 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 7.40 %
CM.PR.Q FixedReset Disc 32,800 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-07-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 5.49 %
There were 16 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CCS.PR.C Insurance Straight Quote: 17.57 – 20.85
Spot Rate : 3.2800
Average : 2.3208

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.20 %
ENB.PF.G FixedReset Disc Quote: 18.01 – 19.88
Spot Rate : 1.8700
Average : 1.2866

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 18.01
Evaluated at bid price : 18.01
Bid-YTW : 7.73 %
PWF.PR.Z Perpetual-Discount Quote: 20.77 – 22.30
Spot Rate : 1.5300
Average : 0.9970

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 20.77
Evaluated at bid price : 20.77
Bid-YTW : 6.23 %
GWO.PR.G Insurance Straight Quote: 21.00 – 22.57
Spot Rate : 1.5700
Average : 1.0693

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.26 %
IFC.PR.G FixedReset Ins Non Quote: 22.94 – 24.40
Spot Rate : 1.4600
Average : 0.9795

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 22.38
Evaluated at bid price : 22.94
Bid-YTW : 6.09 %
BN.PF.E FixedReset Disc Quote: 18.26 – 20.60
Spot Rate : 2.3400
Average : 1.8800

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-15
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 7.42 %
Issue Comments

RY.PR.J To Be Redeemed

Royal Bank of Canada has announced:

its intention to redeem all of its issued and outstanding Non-Viability Contingent Capital (NVCC) Non-Cumulative 5-Year Rate Reset First Preferred Shares, Series BD (Series BD shares) (TSX: RY.PR.J) on May 24, 2025, for cash at a redemption price of $25.00 per share to be paid on May 26, 2025.

There are 24,000,000 Series BD shares outstanding, representing $600 million of capital. The redemptions will be financed out of the general corporate funds of Royal Bank of Canada.

The final quarterly dividend of $0.20 for each of the Series BD shares will be paid separately from the redemption price for each of the Series BD Shares and in the usual manner on May 23, 2025 to shareholders of record at the close of business on April 24, 2025. After such dividend payments, the holders of Series BD shares will cease to be entitled to dividends.

RY.PR.J is a FixedReset, 3.60%+274, NVCC-compliant, that commenced trading 2015-1-30 after being announced 2015-1-26. It reset to 3.20% effective 2020-5-24 and there was no conversion. The issue is tracked by HIMIPref™ and is assigned to the FixedReset (Discount) subindex.

Market Action

April 14, 2025

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 1.9477 % 2,080.1
FixedFloater 0.00 % 0.00 % 0 0.00 0 1.9477 % 4,049.2
Floater 7.41 % 8.05 % 66,110 11.34 3 1.9477 % 2,333.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.2717 % 3,595.5
SplitShare 4.85 % 5.23 % 75,905 1.77 9 -0.2717 % 4,293.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.2717 % 3,350.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.5318 % 2,834.3
Perpetual-Discount 6.07 % 6.24 % 59,276 13.60 33 1.5318 % 3,090.6
FixedReset Disc 5.88 % 7.02 % 137,602 12.38 49 1.8439 % 2,672.9
Insurance Straight 6.00 % 6.03 % 78,253 13.83 21 1.7625 % 3,019.7
FloatingReset 5.93 % 5.84 % 41,531 14.12 3 0.7413 % 3,465.5
FixedReset Prem 6.52 % 5.81 % 147,821 13.62 10 0.3730 % 2,510.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 1.8439 % 2,732.2
FixedReset Ins Non 5.89 % 6.44 % 77,459 13.15 12 1.6916 % 2,670.7
Performance Highlights
Issue Index Change Notes
PVS.PR.K SplitShare -2.94 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 23.75
Bid-YTW : 6.00 %
BN.PR.M Perpetual-Discount -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.67 %
POW.PR.C Perpetual-Discount -1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.66
Evaluated at bid price : 22.90
Bid-YTW : 6.37 %
GWO.PR.N FixedReset Ins Non -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 7.04 %
ENB.PF.E FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.82
Evaluated at bid price : 17.82
Bid-YTW : 7.87 %
SLF.PR.C Insurance Straight 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.75 %
NA.PR.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.07
Evaluated at bid price : 24.25
Bid-YTW : 5.65 %
FFH.PR.I FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.13
Evaluated at bid price : 22.80
Bid-YTW : 6.18 %
POW.PR.G Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.26 %
PWF.PR.L Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.52
Evaluated at bid price : 20.52
Bid-YTW : 6.24 %
CU.PR.E Perpetual-Discount 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.32
Evaluated at bid price : 20.32
Bid-YTW : 6.13 %
CU.PR.D Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.19 %
PWF.PR.G Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.33
Evaluated at bid price : 23.61
Bid-YTW : 6.26 %
ENB.PR.F FixedReset Disc 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.71
Evaluated at bid price : 17.71
Bid-YTW : 7.82 %
FTS.PR.M FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.92 %
GWO.PR.I Insurance Straight 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 6.00 %
ENB.PF.G FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 7.78 %
BN.PR.T FixedReset Disc 1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 16.28
Evaluated at bid price : 16.28
Bid-YTW : 7.76 %
BIP.PR.B FixedReset Disc 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 24.05
Evaluated at bid price : 24.60
Bid-YTW : 7.49 %
IFC.PR.I Insurance Straight 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.25
Evaluated at bid price : 22.60
Bid-YTW : 6.01 %
ENB.PR.B FixedReset Disc 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.91 %
FTS.PR.J Perpetual-Discount 1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.17
Evaluated at bid price : 20.17
Bid-YTW : 5.98 %
BN.PF.C Perpetual-Discount 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.45 %
CU.PR.J Perpetual-Discount 1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.58
Evaluated at bid price : 19.58
Bid-YTW : 6.16 %
PWF.PR.S Perpetual-Discount 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 6.20 %
FFH.PR.K FixedReset Disc 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.78
Evaluated at bid price : 24.10
Bid-YTW : 6.50 %
POW.PR.D Perpetual-Discount 1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.17 %
BN.PR.R FixedReset Disc 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 16.28
Evaluated at bid price : 16.28
Bid-YTW : 7.76 %
FTS.PR.G FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.73
Evaluated at bid price : 20.73
Bid-YTW : 6.47 %
BIP.PR.F FixedReset Disc 1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.98
Evaluated at bid price : 22.40
Bid-YTW : 6.72 %
FTS.PR.F Perpetual-Discount 1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.93
Evaluated at bid price : 20.93
Bid-YTW : 5.95 %
ENB.PR.H FixedReset Disc 1.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.16
Evaluated at bid price : 19.16
Bid-YTW : 7.01 %
GWO.PR.G Insurance Straight 1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 6.20 %
GWO.PR.T Insurance Straight 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.22 %
ENB.PR.Y FixedReset Disc 1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.41
Evaluated at bid price : 17.41
Bid-YTW : 7.73 %
BN.PF.J FixedReset Disc 2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.35
Evaluated at bid price : 22.80
Bid-YTW : 6.67 %
ENB.PF.C FixedReset Disc 2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.66 %
PWF.PR.P FixedReset Disc 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 7.50 %
FFH.PR.J FloatingReset 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.52
Evaluated at bid price : 23.80
Bid-YTW : 5.84 %
BN.PR.N Perpetual-Discount 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.47 %
ENB.PR.N FixedReset Disc 2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 7.05 %
BN.PF.G FixedReset Disc 2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 7.86 %
BN.PR.X FixedReset Disc 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 15.36
Evaluated at bid price : 15.36
Bid-YTW : 7.71 %
BN.PF.B FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 7.26 %
IFC.PR.G FixedReset Ins Non 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.09
Evaluated at bid price : 22.50
Bid-YTW : 6.22 %
ENB.PF.A FixedReset Disc 2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 7.61 %
IFC.PR.C FixedReset Ins Non 2.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 6.89 %
BN.PR.Z FixedReset Disc 2.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.28 %
GWO.PR.S Insurance Straight 2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.38
Evaluated at bid price : 21.65
Bid-YTW : 6.11 %
ENB.PR.P FixedReset Disc 2.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 7.54 %
CU.PR.H Perpetual-Discount 2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
ENB.PR.D FixedReset Disc 2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 7.60 %
GWO.PR.L Insurance Straight 3.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 6.19 %
ENB.PR.J FixedReset Disc 3.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.12
Evaluated at bid price : 19.12
Bid-YTW : 7.48 %
FTS.PR.K FixedReset Disc 3.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.63
Evaluated at bid price : 19.63
Bid-YTW : 6.58 %
CU.PR.C FixedReset Disc 3.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.76 %
ENB.PF.K FixedReset Disc 3.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.61
Evaluated at bid price : 23.26
Bid-YTW : 6.63 %
BN.PF.E FixedReset Disc 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 7.55 %
PWF.PR.H Perpetual-Discount 4.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.67
Evaluated at bid price : 22.91
Bid-YTW : 6.29 %
IFC.PR.A FixedReset Ins Non 4.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.12
Evaluated at bid price : 18.12
Bid-YTW : 6.49 %
PWF.PR.A Floater 6.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 13.32
Evaluated at bid price : 13.32
Bid-YTW : 6.64 %
MFC.PR.M FixedReset Ins Non 9.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.44 %
CCS.PR.C Insurance Straight 19.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 6.03 %
CU.PR.F Perpetual-Discount 23.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 4.97 %
PWF.PR.T FixedReset Disc 23.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.34 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PF.C FixedReset Disc 112,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 18.35
Evaluated at bid price : 18.35
Bid-YTW : 7.66 %
ENB.PR.B FixedReset Disc 45,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.91 %
ENB.PR.T FixedReset Disc 44,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 7.50 %
ENB.PR.D FixedReset Disc 43,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 7.60 %
CM.PR.Q FixedReset Disc 38,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 23.29
Evaluated at bid price : 24.21
Bid-YTW : 5.80 %
FFH.PR.G FixedReset Disc 38,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.15
Evaluated at bid price : 22.82
Bid-YTW : 5.90 %
There were 15 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
POW.PR.B Perpetual-Discount Quote: 21.55 – 25.00
Spot Rate : 3.4500
Average : 2.0434

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 21.28
Evaluated at bid price : 21.55
Bid-YTW : 6.24 %
BN.PF.F FixedReset Disc Quote: 19.50 – 22.25
Spot Rate : 2.7500
Average : 1.8294

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 7.50 %
BN.PR.Z FixedReset Disc Quote: 20.50 – 22.95
Spot Rate : 2.4500
Average : 1.7021

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 7.28 %
CU.PR.H Perpetual-Discount Quote: 22.75 – 25.00
Spot Rate : 2.2500
Average : 1.5515

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.85 %
POW.PR.G Perpetual-Discount Quote: 22.50 – 24.02
Spot Rate : 1.5200
Average : 0.9006

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.26 %
GWO.PR.H Insurance Straight Quote: 19.73 – 21.95
Spot Rate : 2.2200
Average : 1.6754

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-14
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 6.21 %
Market Action

April 11, 2025

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 -0.0291 % 2,040.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.0291 % 3,971.8
Floater 7.55 % 8.01 % 61,533 11.39 3 -0.0291 % 2,289.0
OpRet 0.00 % 0.00 % 0 0.00 0 0.0446 % 3,605.3
SplitShare 4.84 % 5.17 % 75,842 1.78 9 0.0446 % 4,305.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0446 % 3,359.4
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.5397 % 2,791.5
Perpetual-Discount 6.16 % 6.27 % 60,035 13.54 33 0.5397 % 3,044.0
FixedReset Disc 5.99 % 7.20 % 135,760 12.33 49 0.3120 % 2,624.5
Insurance Straight 6.10 % 6.13 % 73,032 13.72 21 -0.0163 % 2,967.4
FloatingReset 5.98 % 5.96 % 40,226 13.93 3 0.3234 % 3,440.0
FixedReset Prem 6.55 % 5.86 % 147,972 13.59 10 0.1084 % 2,501.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.3120 % 2,682.8
FixedReset Ins Non 5.99 % 6.60 % 77,386 12.93 12 -0.3031 % 2,626.2
Performance Highlights
Issue Index Change Notes
PWF.PR.T FixedReset Disc -18.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 7.87 %
CCS.PR.C Insurance Straight -17.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.19 %
MFC.PR.M FixedReset Ins Non -7.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 7.09 %
GWO.PR.T Insurance Straight -6.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.34 %
GWO.PR.R Insurance Straight -5.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.42
Evaluated at bid price : 19.42
Bid-YTW : 6.24 %
PWF.PR.A Floater -4.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 12.50
Evaluated at bid price : 12.50
Bid-YTW : 7.08 %
PWF.PR.H Perpetual-Discount -3.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.55 %
GWO.PR.L Insurance Straight -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.08
Evaluated at bid price : 22.31
Bid-YTW : 6.38 %
GWO.PR.G Insurance Straight -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.31 %
BN.PF.G FixedReset Disc -1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 8.03 %
GWO.PR.N FixedReset Ins Non 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 14.75
Evaluated at bid price : 14.75
Bid-YTW : 6.94 %
ENB.PF.G FixedReset Disc 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.65
Evaluated at bid price : 17.65
Bid-YTW : 7.89 %
IFC.PR.E Insurance Straight 1.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.74
Evaluated at bid price : 22.10
Bid-YTW : 5.92 %
PWF.PR.P FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 14.25
Evaluated at bid price : 14.25
Bid-YTW : 7.65 %
FTS.PR.M FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %
GWO.PR.M Insurance Straight 1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.25
Evaluated at bid price : 23.55
Bid-YTW : 6.20 %
BN.PF.J FixedReset Disc 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.04
Evaluated at bid price : 22.35
Bid-YTW : 6.81 %
MFC.PR.B Insurance Straight 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.02 %
BN.PF.I FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.11
Evaluated at bid price : 22.40
Bid-YTW : 7.36 %
FTS.PR.K FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.80 %
BN.PF.B FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 7.42 %
IFC.PR.A FixedReset Ins Non 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.35
Evaluated at bid price : 17.35
Bid-YTW : 6.78 %
BIP.PR.F FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.70
Evaluated at bid price : 22.00
Bid-YTW : 6.85 %
ENB.PR.N FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 7.20 %
BIP.PR.E FixedReset Disc 2.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.12
Evaluated at bid price : 22.50
Bid-YTW : 6.77 %
BN.PF.A FixedReset Disc 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 7.08 %
IFC.PR.F Insurance Straight 2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.62
Evaluated at bid price : 22.01
Bid-YTW : 6.06 %
GWO.PR.S Insurance Straight 2.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 6.28 %
BN.PR.K Floater 2.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 10.95
Evaluated at bid price : 10.95
Bid-YTW : 8.01 %
BN.PR.B Floater 3.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 10.95
Evaluated at bid price : 10.95
Bid-YTW : 8.01 %
GWO.PR.Q Insurance Straight 3.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.91
Evaluated at bid price : 20.91
Bid-YTW : 6.22 %
IFC.PR.K Insurance Straight 3.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 21.47
Evaluated at bid price : 21.80
Bid-YTW : 6.06 %
GWO.PR.I Insurance Straight 3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.07 %
CU.PR.F Perpetual-Discount 4.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.18 %
BN.PR.Z FixedReset Disc 5.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 7.46 %
ENB.PR.P FixedReset Disc 7.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.23
Evaluated at bid price : 18.23
Bid-YTW : 7.75 %
GWO.PR.H Insurance Straight 17.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 6.22 %
CU.PR.G Perpetual-Discount 28.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.11 %
Volume Highlights
Issue Index Shares
Traded		 Notes
CU.PR.I FixedReset Disc 75,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.93
Evaluated at bid price : 24.53
Bid-YTW : 6.67 %
NA.PR.C FixedReset Prem 71,050 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.53
Evaluated at bid price : 25.23
Bid-YTW : 6.31 %
CM.PR.Q FixedReset Disc 60,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 23.23
Evaluated at bid price : 24.15
Bid-YTW : 5.81 %
ENB.PF.E FixedReset Disc 47,195 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.64
Evaluated at bid price : 17.64
Bid-YTW : 7.94 %
FTS.PR.M FixedReset Disc 43,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %
ENB.PR.Y FixedReset Disc 32,643 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.07
Evaluated at bid price : 17.07
Bid-YTW : 7.88 %
There were 14 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
MFC.PR.M FixedReset Ins Non Quote: 19.10 – 25.00
Spot Rate : 5.9000
Average : 3.3405

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 7.09 %
FTS.PR.M FixedReset Disc Quote: 19.65 – 24.90
Spot Rate : 5.2500
Average : 3.1006

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 7.00 %
CCS.PR.C Insurance Straight Quote: 17.57 – 21.99
Spot Rate : 4.4200
Average : 2.6058

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.57
Evaluated at bid price : 17.57
Bid-YTW : 7.19 %
PWF.PR.T FixedReset Disc Quote: 17.10 – 21.40
Spot Rate : 4.3000
Average : 2.6215

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 7.87 %
MFC.PR.Q FixedReset Ins Non Quote: 22.45 – 25.00
Spot Rate : 2.5500
Average : 1.5615

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 22.06
Evaluated at bid price : 22.45
Bid-YTW : 6.23 %
GWO.PR.Y Insurance Straight Quote: 18.50 – 21.00
Spot Rate : 2.5000
Average : 1.7342

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-11
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.14 %
Market Action

April 10, 2025

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 -1.6857 % 2,040.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.6857 % 3,973.0
Floater 7.55 % 8.24 % 61,297 11.15 3 -1.6857 % 2,289.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0356 % 3,603.7
SplitShare 4.84 % 5.12 % 78,760 1.79 9 -0.0356 % 4,303.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0356 % 3,357.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -1.4713 % 2,776.5
Perpetual-Discount 6.19 % 6.26 % 64,066 13.56 33 -1.4713 % 3,027.7
FixedReset Disc 6.01 % 7.10 % 130,149 12.43 49 -1.6371 % 2,616.3
Insurance Straight 6.10 % 6.13 % 74,624 13.71 21 -2.2054 % 2,967.9
FloatingReset 5.98 % 5.92 % 37,238 13.99 3 -0.1614 % 3,428.9
FixedReset Prem 6.55 % 5.81 % 144,250 13.68 10 -0.4317 % 2,498.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -1.6371 % 2,674.4
FixedReset Ins Non 5.98 % 6.43 % 78,552 13.13 12 -1.9919 % 2,634.2
Performance Highlights
Issue Index Change Notes
GWO.PR.H Insurance Straight -15.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 7.32 %
CU.PR.G Perpetual-Discount -9.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 14.51
Evaluated at bid price : 14.51
Bid-YTW : 7.90 %
ENB.PR.P FixedReset Disc -9.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 8.22 %
GWO.PR.S Insurance Straight -5.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 6.46 %
IFC.PR.A FixedReset Ins Non -5.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.02
Evaluated at bid price : 17.02
Bid-YTW : 6.79 %
IFC.PR.C FixedReset Ins Non -4.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.99 %
BN.PF.I FixedReset Disc -4.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.67
Evaluated at bid price : 22.11
Bid-YTW : 7.36 %
BIP.PR.E FixedReset Disc -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.84 %
IFC.PR.K Insurance Straight -4.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 6.28 %
GWO.PR.Q Insurance Straight -3.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.26
Evaluated at bid price : 20.26
Bid-YTW : 6.42 %
BIP.PR.F FixedReset Disc -3.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.29
Evaluated at bid price : 21.58
Bid-YTW : 6.89 %
BN.PR.Z FixedReset Disc -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 7.75 %
FTS.PR.K FixedReset Disc -3.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.81 %
BN.PF.A FixedReset Disc -3.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 7.16 %
BN.PR.B Floater -3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 10.62
Evaluated at bid price : 10.62
Bid-YTW : 8.26 %
GWO.PR.I Insurance Straight -3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.31 %
BN.PR.K Floater -3.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 10.64
Evaluated at bid price : 10.64
Bid-YTW : 8.24 %
PWF.PR.P FixedReset Disc -2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 14.08
Evaluated at bid price : 14.08
Bid-YTW : 7.57 %
IFC.PR.G FixedReset Ins Non -2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.52
Evaluated at bid price : 21.89
Bid-YTW : 6.31 %
ENB.PF.C FixedReset Disc -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 7.71 %
ENB.PF.G FixedReset Disc -2.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.47
Evaluated at bid price : 17.47
Bid-YTW : 7.83 %
BN.PR.X FixedReset Disc -2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 7.80 %
IFC.PR.F Insurance Straight -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.43
Evaluated at bid price : 21.43
Bid-YTW : 6.24 %
POW.PR.D Perpetual-Discount -2.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 6.27 %
PWF.PF.A Perpetual-Discount -2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.03
Evaluated at bid price : 18.03
Bid-YTW : 6.26 %
POW.PR.C Perpetual-Discount -2.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.02
Evaluated at bid price : 23.29
Bid-YTW : 6.25 %
FTS.PR.M FixedReset Disc -2.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 7.00 %
MFC.PR.B Insurance Straight -2.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.09 %
ENB.PF.A FixedReset Disc -2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.27
Evaluated at bid price : 18.27
Bid-YTW : 7.70 %
BN.PF.F FixedReset Disc -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 7.46 %
POW.PR.A Perpetual-Discount -2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.31 %
SLF.PR.C Insurance Straight -2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 5.81 %
ENB.PR.J FixedReset Disc -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.57
Evaluated at bid price : 18.57
Bid-YTW : 7.60 %
CU.PR.J Perpetual-Discount -2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 6.28 %
ENB.PR.F FixedReset Disc -2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.33
Evaluated at bid price : 17.33
Bid-YTW : 7.88 %
PWF.PR.E Perpetual-Discount -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.84
Evaluated at bid price : 22.08
Bid-YTW : 6.24 %
ENB.PR.N FixedReset Disc -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.24
Evaluated at bid price : 20.24
Bid-YTW : 7.26 %
PWF.PR.L Perpetual-Discount -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.28
Evaluated at bid price : 20.28
Bid-YTW : 6.31 %
GWO.PR.Y Insurance Straight -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.34
Evaluated at bid price : 18.34
Bid-YTW : 6.19 %
SLF.PR.E Insurance Straight -1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 5.87 %
ENB.PF.E FixedReset Disc -1.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.47
Evaluated at bid price : 17.47
Bid-YTW : 7.87 %
PWF.PR.H Perpetual-Discount -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.66
Evaluated at bid price : 22.90
Bid-YTW : 6.29 %
PWF.PR.K Perpetual-Discount -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 6.29 %
ENB.PR.Y FixedReset Disc -1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.18
Evaluated at bid price : 17.18
Bid-YTW : 7.72 %
BIP.PR.B FixedReset Disc -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.63
Evaluated at bid price : 24.25
Bid-YTW : 7.49 %
ENB.PR.T FixedReset Disc -1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 7.48 %
MFC.PR.Q FixedReset Ins Non -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.96
Evaluated at bid price : 22.30
Bid-YTW : 6.19 %
BIP.PR.A FixedReset Disc -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.93
Evaluated at bid price : 22.45
Bid-YTW : 7.07 %
MFC.PR.C Insurance Straight -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.11
Evaluated at bid price : 19.11
Bid-YTW : 5.96 %
MFC.PR.L FixedReset Ins Non -1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 6.52 %
CU.PR.F Perpetual-Discount -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.75
Evaluated at bid price : 17.75
Bid-YTW : 6.44 %
FFH.PR.K FixedReset Disc -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.36
Evaluated at bid price : 23.70
Bid-YTW : 6.51 %
SLF.PR.D Insurance Straight -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.26
Evaluated at bid price : 19.26
Bid-YTW : 5.83 %
BN.PR.M Perpetual-Discount -1.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.32
Evaluated at bid price : 18.32
Bid-YTW : 6.55 %
IFC.PR.I Insurance Straight -1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.07
Evaluated at bid price : 22.35
Bid-YTW : 6.08 %
CU.PR.D Perpetual-Discount -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.98
Evaluated at bid price : 19.98
Bid-YTW : 6.23 %
MFC.PR.M FixedReset Ins Non -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.43 %
BN.PF.J FixedReset Disc -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.83
Evaluated at bid price : 22.07
Bid-YTW : 6.81 %
CU.PR.H Perpetual-Discount -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.86
Evaluated at bid price : 22.10
Bid-YTW : 6.02 %
POW.PR.G Perpetual-Discount -1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.18
Evaluated at bid price : 22.46
Bid-YTW : 6.26 %
ELF.PR.H Perpetual-Discount -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.88
Evaluated at bid price : 22.12
Bid-YTW : 6.24 %
GWO.PR.G Insurance Straight -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.16
Evaluated at bid price : 21.16
Bid-YTW : 6.20 %
PWF.PR.G Perpetual-Discount -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.99
Evaluated at bid price : 23.26
Bid-YTW : 6.35 %
BN.PR.R FixedReset Disc -1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.04
Evaluated at bid price : 16.04
Bid-YTW : 7.73 %
SLF.PR.G FixedReset Ins Non -1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 15.38
Evaluated at bid price : 15.38
Bid-YTW : 6.82 %
MFC.PR.I FixedReset Ins Non -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.51
Evaluated at bid price : 23.00
Bid-YTW : 6.25 %
BN.PR.T FixedReset Disc -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.03
Evaluated at bid price : 16.03
Bid-YTW : 7.74 %
GWO.PR.P Insurance Straight -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.97
Evaluated at bid price : 22.20
Bid-YTW : 6.13 %
POW.PR.B Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.51
Evaluated at bid price : 21.51
Bid-YTW : 6.26 %
PWF.PR.O Perpetual-Discount -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.03
Evaluated at bid price : 23.30
Bid-YTW : 6.23 %
IFC.PR.E Insurance Straight -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.51
Evaluated at bid price : 21.85
Bid-YTW : 5.99 %
PWF.PR.Z Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.48
Evaluated at bid price : 20.48
Bid-YTW : 6.31 %
ELF.PR.F Perpetual-Discount -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.37
Evaluated at bid price : 21.37
Bid-YTW : 6.24 %
SLF.PR.J FloatingReset -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 15.65
Evaluated at bid price : 15.65
Bid-YTW : 6.57 %
MFC.PR.J FixedReset Ins Non -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.28
Evaluated at bid price : 22.74
Bid-YTW : 6.15 %
BN.PF.G FixedReset Disc -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.12
Evaluated at bid price : 18.12
Bid-YTW : 7.79 %
PWF.PR.F Perpetual-Discount -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.27 %
BN.PF.E FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 7.68 %
ENB.PR.B FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 7.87 %
PWF.PR.T FixedReset Disc -1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.01
Evaluated at bid price : 21.01
Bid-YTW : 6.29 %
GWO.PR.M Insurance Straight -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.99
Evaluated at bid price : 23.26
Bid-YTW : 6.28 %
CM.PR.Q FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.08
Evaluated at bid price : 24.00
Bid-YTW : 5.74 %
TD.PF.A FixedReset Disc 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 22.52
Evaluated at bid price : 23.40
Bid-YTW : 5.32 %
GWO.PR.T Insurance Straight 3.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.58
Evaluated at bid price : 21.92
Bid-YTW : 5.91 %
GWO.PR.R Insurance Straight 5.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.88 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.B FixedReset Disc 109,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 7.46 %
ENB.PR.B FixedReset Disc 80,141 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.80
Evaluated at bid price : 16.80
Bid-YTW : 7.87 %
CM.PR.Q FixedReset Disc 31,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 23.08
Evaluated at bid price : 24.00
Bid-YTW : 5.74 %
PWF.PR.F Perpetual-Discount 24,075 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.27 %
ENB.PR.T FixedReset Disc 20,751 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 7.48 %
ENB.PR.Y FixedReset Disc 20,098 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.18
Evaluated at bid price : 17.18
Bid-YTW : 7.72 %
There were 22 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
ENB.PF.G FixedReset Disc Quote: 17.47 – 21.42
Spot Rate : 3.9500
Average : 2.2527

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.47
Evaluated at bid price : 17.47
Bid-YTW : 7.83 %
GWO.PR.H Insurance Straight Quote: 16.75 – 20.05
Spot Rate : 3.3000
Average : 1.8986

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 7.32 %
FTS.PR.K FixedReset Disc Quote: 18.70 – 21.40
Spot Rate : 2.7000
Average : 1.6864

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.81 %
BN.PF.E FixedReset Disc Quote: 17.40 – 20.60
Spot Rate : 3.2000
Average : 2.3962

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 7.68 %
ENB.PR.P FixedReset Disc Quote: 17.00 – 19.00
Spot Rate : 2.0000
Average : 1.2152

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 8.22 %
ENB.PF.E FixedReset Disc Quote: 17.47 – 19.30
Spot Rate : 1.8300
Average : 1.0743

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-10
Maturity Price : 17.47
Evaluated at bid price : 17.47
Bid-YTW : 7.87 %
Market Action

April 9, 2025

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 -1.9333 % 2,075.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.9333 % 4,041.1
Floater 7.43 % 7.98 % 61,562 11.43 3 -1.9333 % 2,328.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1696 % 3,605.0
SplitShare 4.84 % 5.07 % 79,862 1.79 9 0.1696 % 4,305.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1696 % 3,359.1
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.3260 % 2,818.0
Perpetual-Discount 6.10 % 6.16 % 61,846 13.69 33 -0.3260 % 3,072.9
FixedReset Disc 5.91 % 6.73 % 132,234 12.81 49 0.2067 % 2,659.9
Insurance Straight 5.97 % 6.06 % 75,754 13.83 21 0.3834 % 3,034.8
FloatingReset 5.89 % 5.88 % 38,465 14.05 3 -0.0645 % 3,434.5
FixedReset Prem 6.52 % 5.61 % 144,683 13.87 10 0.0360 % 2,509.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.2067 % 2,718.9
FixedReset Ins Non 5.86 % 6.16 % 78,615 13.60 12 0.7038 % 2,687.7
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -4.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 6.33 %
ENB.PF.K FixedReset Disc -4.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.12
Evaluated at bid price : 22.50
Bid-YTW : 6.60 %
FTS.PR.G FixedReset Disc -3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.25
Evaluated at bid price : 20.25
Bid-YTW : 6.34 %
BN.PF.B FixedReset Disc -3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 7.24 %
FTS.PR.K FixedReset Disc -3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.41
Evaluated at bid price : 19.41
Bid-YTW : 6.36 %
PWF.PR.T FixedReset Disc -3.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.04 %
ENB.PR.D FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.08
Evaluated at bid price : 17.08
Bid-YTW : 7.55 %
ENB.PR.A Perpetual-Discount -2.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.92
Evaluated at bid price : 22.16
Bid-YTW : 6.29 %
PWF.PR.A Floater -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 13.03
Evaluated at bid price : 13.03
Bid-YTW : 6.78 %
MFC.PR.L FixedReset Ins Non -2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.46
Evaluated at bid price : 20.46
Bid-YTW : 6.23 %
BN.PR.K Floater -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 10.99
Evaluated at bid price : 10.99
Bid-YTW : 7.98 %
IFC.PR.E Insurance Straight -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.78
Evaluated at bid price : 22.14
Bid-YTW : 5.90 %
IFC.PR.I Insurance Straight -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.33
Evaluated at bid price : 22.71
Bid-YTW : 5.98 %
BN.PR.B Floater -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 10.98
Evaluated at bid price : 10.98
Bid-YTW : 7.98 %
FTS.PR.M FixedReset Disc -1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 6.65 %
CU.PR.J Perpetual-Discount -1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 6.14 %
IFC.PR.F Insurance Straight -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.61
Evaluated at bid price : 22.00
Bid-YTW : 6.06 %
CU.PR.H Perpetual-Discount -1.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.17
Evaluated at bid price : 22.45
Bid-YTW : 5.92 %
GWO.PR.I Insurance Straight -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.61
Evaluated at bid price : 18.61
Bid-YTW : 6.10 %
PWF.PR.F Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.20 %
ENB.PR.H FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 6.85 %
MFC.PR.I FixedReset Ins Non -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.70
Evaluated at bid price : 23.32
Bid-YTW : 5.98 %
MFC.PR.K FixedReset Ins Non -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.12
Evaluated at bid price : 22.57
Bid-YTW : 5.75 %
BN.PR.N Perpetual-Discount -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.40
Evaluated at bid price : 18.40
Bid-YTW : 6.52 %
NA.PR.C FixedReset Prem -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.48
Evaluated at bid price : 25.09
Bid-YTW : 6.10 %
MFC.PR.J FixedReset Ins Non -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.46
Evaluated at bid price : 23.03
Bid-YTW : 5.89 %
PWF.PR.Z Perpetual-Discount -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 6.23 %
GWO.PR.R Insurance Straight -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.20 %
TD.PF.I FixedReset Prem 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.55
Evaluated at bid price : 25.25
Bid-YTW : 5.70 %
ENB.PF.E FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 7.46 %
BIP.PR.B FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 24.19
Evaluated at bid price : 24.70
Bid-YTW : 7.18 %
FTS.PR.F Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 6.03 %
ENB.PR.T FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 7.15 %
TD.PF.J FixedReset Prem 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.30
Evaluated at bid price : 24.81
Bid-YTW : 5.46 %
PWF.PR.G Perpetual-Discount 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.32
Evaluated at bid price : 23.60
Bid-YTW : 6.26 %
IFC.PR.K Insurance Straight 1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.70
Evaluated at bid price : 22.01
Bid-YTW : 6.00 %
PVS.PR.L SplitShare 1.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.20
Bid-YTW : 5.47 %
NA.PR.E FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.05
Evaluated at bid price : 24.20
Bid-YTW : 5.41 %
TD.PF.E FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.32
Evaluated at bid price : 24.05
Bid-YTW : 5.64 %
BN.PF.J FixedReset Disc 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.09
Evaluated at bid price : 22.42
Bid-YTW : 6.51 %
BIP.PR.A FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.18
Evaluated at bid price : 22.85
Bid-YTW : 6.73 %
IFC.PR.G FixedReset Ins Non 1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.13
Evaluated at bid price : 22.55
Bid-YTW : 5.94 %
CU.PR.D Perpetual-Discount 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.13 %
GWO.PR.G Insurance Straight 1.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.47
Evaluated at bid price : 21.47
Bid-YTW : 6.11 %
PWF.PR.S Perpetual-Discount 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 6.24 %
BIP.PR.E FixedReset Disc 1.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.44
Evaluated at bid price : 23.00
Bid-YTW : 6.35 %
ENB.PF.G FixedReset Disc 1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 7.35 %
BN.PF.H FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.81
Evaluated at bid price : 24.40
Bid-YTW : 6.88 %
ENB.PF.C FixedReset Disc 1.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.32 %
POW.PR.C Perpetual-Discount 2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.62
Evaluated at bid price : 23.89
Bid-YTW : 6.09 %
CU.PR.I FixedReset Disc 2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.83
Evaluated at bid price : 24.45
Bid-YTW : 6.40 %
IFC.PR.C FixedReset Ins Non 2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.44 %
MFC.PR.C Insurance Straight 2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.45
Evaluated at bid price : 19.45
Bid-YTW : 5.85 %
SLF.PR.D Insurance Straight 2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.58
Evaluated at bid price : 19.58
Bid-YTW : 5.73 %
PWF.PR.L Perpetual-Discount 3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 20.71
Evaluated at bid price : 20.71
Bid-YTW : 6.18 %
GWO.PR.T Insurance Straight 3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.14 %
MFC.PR.Q FixedReset Ins Non 3.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.23
Evaluated at bid price : 22.70
Bid-YTW : 5.89 %
BN.PF.A FixedReset Disc 3.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.39
Evaluated at bid price : 21.72
Bid-YTW : 6.72 %
BN.PR.Z FixedReset Disc 4.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 7.25 %
GWO.PR.N FixedReset Ins Non 4.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 14.70
Evaluated at bid price : 14.70
Bid-YTW : 6.49 %
PWF.PR.E Perpetual-Discount 4.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.28
Evaluated at bid price : 22.55
Bid-YTW : 6.10 %
GWO.PR.S Insurance Straight 4.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.50
Evaluated at bid price : 21.76
Bid-YTW : 6.07 %
IFC.PR.A FixedReset Ins Non 5.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.05
Evaluated at bid price : 18.05
Bid-YTW : 6.17 %
BN.PF.I FixedReset Disc 5.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.79
Evaluated at bid price : 23.13
Bid-YTW : 6.86 %
BN.PF.C Perpetual-Discount 5.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 18.78
Evaluated at bid price : 18.78
Bid-YTW : 6.52 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.B FixedReset Disc 92,679 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 7.24 %
FFH.PR.G FixedReset Disc 82,774 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.70 %
RY.PR.J FixedReset Disc 81,109 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.86
Evaluated at bid price : 24.22
Bid-YTW : 5.48 %
CM.PR.Q FixedReset Disc 79,653 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 23.35
Evaluated at bid price : 24.25
Bid-YTW : 5.49 %
ENB.PR.B FixedReset Disc 78,636 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.54 %
FFH.PR.I FixedReset Disc 67,247 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.08
Evaluated at bid price : 22.71
Bid-YTW : 5.90 %
There were 42 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
PWF.PR.T FixedReset Disc Quote: 21.26 – 22.70
Spot Rate : 1.4400
Average : 0.8373

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.04 %
GWO.PR.R Insurance Straight Quote: 19.55 – 21.20
Spot Rate : 1.6500
Average : 1.1061

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 6.20 %
BN.PF.J FixedReset Disc Quote: 22.42 – 24.37
Spot Rate : 1.9500
Average : 1.4400

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.09
Evaluated at bid price : 22.42
Bid-YTW : 6.51 %
FFH.PR.G FixedReset Disc Quote: 22.40 – 23.80
Spot Rate : 1.4000
Average : 0.9069

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.70 %
ENB.PR.F FixedReset Disc Quote: 17.70 – 19.00
Spot Rate : 1.3000
Average : 0.8090

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.50 %
FFH.PR.J FloatingReset Quote: 23.25 – 24.40
Spot Rate : 1.1500
Average : 0.6936

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-09
Maturity Price : 22.85
Evaluated at bid price : 23.25
Bid-YTW : 5.88 %
Market Action

April 8, 2025

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 0.1965 % 2,116.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1965 % 4,120.7
Floater 7.28 % 7.82 % 61,734 11.61 3 0.1965 % 2,374.8
OpRet 0.00 % 0.00 % 0 0.00 0 0.7100 % 3,598.9
SplitShare 4.85 % 5.01 % 80,886 1.79 9 0.7100 % 4,297.9
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.7100 % 3,353.4
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.3676 % 2,827.2
Perpetual-Discount 6.08 % 6.18 % 62,141 13.62 33 0.3676 % 3,082.9
FixedReset Disc 5.92 % 6.79 % 128,324 12.77 49 -0.1804 % 2,654.4
Insurance Straight 5.99 % 6.05 % 74,267 13.85 21 -0.1663 % 3,023.2
FloatingReset 5.88 % 5.89 % 35,619 14.03 3 0.9609 % 3,436.7
FixedReset Prem 6.53 % 5.62 % 139,671 13.85 10 0.3773 % 2,508.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.1804 % 2,713.3
FixedReset Ins Non 5.90 % 6.10 % 75,925 13.49 12 -1.0920 % 2,669.0
Performance Highlights
Issue Index Change Notes
BN.PR.Z FixedReset Disc -8.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 7.54 %
BN.PF.C Perpetual-Discount -5.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 17.85
Evaluated at bid price : 17.85
Bid-YTW : 6.86 %
BN.PF.A FixedReset Disc -5.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.98 %
IFC.PR.C FixedReset Ins Non -4.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.59 %
MFC.PR.Q FixedReset Ins Non -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.74
Evaluated at bid price : 22.00
Bid-YTW : 6.10 %
PWF.PR.E Perpetual-Discount -3.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.38 %
GWO.PR.N FixedReset Ins Non -3.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 14.13
Evaluated at bid price : 14.13
Bid-YTW : 6.75 %
BN.PF.J FixedReset Disc -3.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.86
Evaluated at bid price : 22.11
Bid-YTW : 6.61 %
PWF.PR.L Perpetual-Discount -2.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.41
Evaluated at bid price : 20.41
Bid-YTW : 6.39 %
BN.PF.B FixedReset Disc -2.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 6.99 %
IFC.PR.K Insurance Straight -2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.44
Evaluated at bid price : 21.76
Bid-YTW : 6.07 %
BN.PF.I FixedReset Disc -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.60
Evaluated at bid price : 22.01
Bid-YTW : 7.20 %
FTS.PR.J Perpetual-Discount -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.77
Evaluated at bid price : 19.77
Bid-YTW : 6.10 %
ENB.PR.T FixedReset Disc -2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 7.23 %
CU.PR.I FixedReset Disc -2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 23.21
Evaluated at bid price : 23.90
Bid-YTW : 6.55 %
MFC.PR.C Insurance Straight -1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.99 %
FTS.PR.F Perpetual-Discount -1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.10 %
GWO.PR.S Insurance Straight -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 6.35 %
SLF.PR.D Insurance Straight -1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.04
Evaluated at bid price : 19.04
Bid-YTW : 5.89 %
MFC.PR.L FixedReset Ins Non -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.88
Evaluated at bid price : 20.88
Bid-YTW : 6.10 %
IFC.PR.G FixedReset Ins Non -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.90
Evaluated at bid price : 22.22
Bid-YTW : 6.03 %
TD.PF.J FixedReset Prem -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 23.20
Evaluated at bid price : 24.55
Bid-YTW : 5.52 %
MFC.PR.K FixedReset Ins Non 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.31
Evaluated at bid price : 22.86
Bid-YTW : 5.67 %
BN.PR.T FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 16.10
Evaluated at bid price : 16.10
Bid-YTW : 7.45 %
BIP.PR.A FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.98
Evaluated at bid price : 22.52
Bid-YTW : 6.83 %
ENB.PR.A Perpetual-Discount 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 6.12 %
PWF.PF.A Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 18.91
Evaluated at bid price : 18.91
Bid-YTW : 6.08 %
BN.PR.X FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 15.25
Evaluated at bid price : 15.25
Bid-YTW : 7.35 %
FTS.PR.K FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 6.15 %
CU.PR.J Perpetual-Discount 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.03 %
ENB.PF.K FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.71
Evaluated at bid price : 23.45
Bid-YTW : 6.31 %
BN.PR.N Perpetual-Discount 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 18.63
Evaluated at bid price : 18.63
Bid-YTW : 6.43 %
PWF.PR.F Perpetual-Discount 1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.63
Evaluated at bid price : 21.88
Bid-YTW : 6.11 %
PWF.PR.P FixedReset Disc 1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 14.55
Evaluated at bid price : 14.55
Bid-YTW : 7.09 %
NA.PR.K FixedReset Prem 1.46 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-05-01
Maturity Price : 25.00
Evaluated at bid price : 26.46
Bid-YTW : 6.46 %
IFC.PR.F Insurance Straight 1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.91
Evaluated at bid price : 22.35
Bid-YTW : 5.96 %
BIP.PR.F FixedReset Disc 1.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.88
Evaluated at bid price : 22.25
Bid-YTW : 6.51 %
FFH.PR.J FloatingReset 1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.80
Evaluated at bid price : 23.20
Bid-YTW : 5.89 %
ENB.PR.F FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 7.45 %
FFH.PR.G FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.69 %
BIP.PR.E FixedReset Disc 2.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.18
Evaluated at bid price : 22.60
Bid-YTW : 6.47 %
FTS.PR.H FixedReset Disc 2.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 14.99
Evaluated at bid price : 14.99
Bid-YTW : 6.79 %
ENB.PR.H FixedReset Disc 2.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.02
Evaluated at bid price : 19.02
Bid-YTW : 6.75 %
PVS.PR.J SplitShare 5.32 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 24.75
Bid-YTW : 4.94 %
PWF.PR.O Perpetual-Discount 8.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 23.66
Evaluated at bid price : 23.93
Bid-YTW : 6.18 %
PWF.PR.S Perpetual-Discount 16.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.27
Evaluated at bid price : 19.27
Bid-YTW : 6.36 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PR.B FixedReset Disc 73,452 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 17.10
Evaluated at bid price : 17.10
Bid-YTW : 7.49 %
MFC.PR.J FixedReset Ins Non 66,490 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.62
Evaluated at bid price : 23.30
Bid-YTW : 5.81 %
MFC.PR.M FixedReset Ins Non 53,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.07
Evaluated at bid price : 21.07
Bid-YTW : 6.16 %
FFH.PR.G FixedReset Disc 34,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.89
Evaluated at bid price : 22.40
Bid-YTW : 5.69 %
RY.PR.J FixedReset Disc 30,616 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 22.78
Evaluated at bid price : 24.03
Bid-YTW : 5.53 %
CM.PR.Q FixedReset Disc 29,700 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 23.36
Evaluated at bid price : 24.26
Bid-YTW : 5.48 %
There were 30 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
BN.PF.A FixedReset Disc Quote: 21.00 – 24.65
Spot Rate : 3.6500
Average : 2.3994

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.98 %
BN.PR.Z FixedReset Disc Quote: 19.00 – 21.72
Spot Rate : 2.7200
Average : 1.5481

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 7.54 %
IFC.PR.C FixedReset Ins Non Quote: 19.40 – 22.55
Spot Rate : 3.1500
Average : 2.1643

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.59 %
BN.PR.T FixedReset Disc Quote: 16.10 – 18.95
Spot Rate : 2.8500
Average : 1.8702

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 16.10
Evaluated at bid price : 16.10
Bid-YTW : 7.45 %
GWO.PR.N FixedReset Ins Non Quote: 14.13 – 15.90
Spot Rate : 1.7700
Average : 1.0157

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 14.13
Evaluated at bid price : 14.13
Bid-YTW : 6.75 %
BN.PF.G FixedReset Disc Quote: 18.30 – 20.48
Spot Rate : 2.1800
Average : 1.4554

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-08
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 7.45 %
Market Action

April 7, 2025

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 -0.8076 % 2,112.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.8076 % 4,112.7
Floater 7.30 % 7.79 % 62,832 11.64 3 -0.8076 % 2,370.1
OpRet 0.00 % 0.00 % 0 0.00 0 -0.4919 % 3,573.5
SplitShare 4.88 % 5.54 % 81,019 1.79 9 -0.4919 % 4,267.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.4919 % 3,329.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -1.3945 % 2,816.9
Perpetual-Discount 6.10 % 6.19 % 61,629 13.61 33 -1.3945 % 3,071.6
FixedReset Disc 5.91 % 6.80 % 125,851 12.69 49 -2.4510 % 2,659.2
Insurance Straight 5.98 % 6.05 % 73,268 13.81 21 -0.4401 % 3,028.3
FloatingReset 5.94 % 5.99 % 34,816 13.89 3 -2.5397 % 3,404.0
FixedReset Prem 6.55 % 5.62 % 140,644 13.85 10 -1.7083 % 2,499.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -2.4510 % 2,718.2
FixedReset Ins Non 5.83 % 6.01 % 72,933 13.67 12 -3.1917 % 2,698.4
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -17.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.97
Evaluated at bid price : 18.97
Bid-YTW : 6.02 %
IFC.PR.A FixedReset Ins Non -9.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 6.46 %
PWF.PR.O Perpetual-Discount -8.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.73 %
BN.PF.I FixedReset Disc -6.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.22
Evaluated at bid price : 22.52
Bid-YTW : 7.04 %
ENB.PR.H FixedReset Disc -6.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 6.95 %
PVS.PR.J SplitShare -5.66 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2028-02-29
Maturity Price : 25.00
Evaluated at bid price : 23.50
Bid-YTW : 6.90 %
MFC.PR.M FixedReset Ins Non -5.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.18 %
ENB.PR.F FixedReset Disc -5.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 7.58 %
BIP.PR.E FixedReset Disc -4.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.84
Evaluated at bid price : 22.12
Bid-YTW : 6.62 %
FTS.PR.H FixedReset Disc -4.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 14.66
Evaluated at bid price : 14.66
Bid-YTW : 6.95 %
GWO.PR.N FixedReset Ins Non -4.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 14.69
Evaluated at bid price : 14.69
Bid-YTW : 6.50 %
BN.PR.R FixedReset Disc -4.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.98
Evaluated at bid price : 15.98
Bid-YTW : 7.49 %
CU.PR.C FixedReset Disc -4.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.71 %
BN.PF.F FixedReset Disc -4.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 7.04 %
BN.PF.G FixedReset Disc -4.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.20
Evaluated at bid price : 18.20
Bid-YTW : 7.49 %
ENB.PR.D FixedReset Disc -4.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 7.36 %
BIP.PR.A FixedReset Disc -4.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.82
Evaluated at bid price : 22.28
Bid-YTW : 6.91 %
ENB.PR.N FixedReset Disc -3.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 6.82 %
BN.PR.X FixedReset Disc -3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.06
Evaluated at bid price : 15.06
Bid-YTW : 7.44 %
FTS.PR.K FixedReset Disc -3.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.23 %
IFC.PR.G FixedReset Ins Non -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.06
Evaluated at bid price : 22.45
Bid-YTW : 5.97 %
ENB.PR.B FixedReset Disc -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.54 %
FTS.PR.M FixedReset Disc -3.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.29
Evaluated at bid price : 20.29
Bid-YTW : 6.52 %
FTS.PR.F Perpetual-Discount -3.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.75
Evaluated at bid price : 20.75
Bid-YTW : 5.99 %
FTS.PR.G FixedReset Disc -3.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.10 %
BN.PF.D Perpetual-Discount -3.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.83
Evaluated at bid price : 18.83
Bid-YTW : 6.57 %
ENB.PR.P FixedReset Disc -3.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 7.27 %
BN.PF.J FixedReset Disc -3.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.34
Evaluated at bid price : 22.80
Bid-YTW : 6.39 %
BIP.PR.F FixedReset Disc -3.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.63
Evaluated at bid price : 21.90
Bid-YTW : 6.62 %
GWO.PR.S Insurance Straight -3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.20
Evaluated at bid price : 21.20
Bid-YTW : 6.25 %
BN.PR.Z FixedReset Disc -3.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 6.91 %
ENB.PR.Y FixedReset Disc -3.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.58
Evaluated at bid price : 17.58
Bid-YTW : 7.34 %
BN.PF.C Perpetual-Discount -3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.48 %
SLF.PR.G FixedReset Ins Non -3.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.56
Evaluated at bid price : 15.56
Bid-YTW : 6.44 %
ENB.PF.A FixedReset Disc -3.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.62
Evaluated at bid price : 18.62
Bid-YTW : 7.37 %
FFH.PR.G FixedReset Disc -3.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.60
Evaluated at bid price : 21.97
Bid-YTW : 5.81 %
ENB.PR.T FixedReset Disc -2.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.61
Evaluated at bid price : 19.61
Bid-YTW : 7.07 %
IFC.PR.F Insurance Straight -2.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.61
Evaluated at bid price : 22.00
Bid-YTW : 6.05 %
NA.PR.I FixedReset Prem -2.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.08
Evaluated at bid price : 24.55
Bid-YTW : 5.87 %
SLF.PR.J FloatingReset -2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.79
Evaluated at bid price : 15.79
Bid-YTW : 6.39 %
ENB.PF.G FixedReset Disc -2.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.58
Evaluated at bid price : 17.58
Bid-YTW : 7.51 %
FFH.PR.J FloatingReset -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.51
Evaluated at bid price : 22.82
Bid-YTW : 5.99 %
BN.PF.E FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.76
Evaluated at bid price : 17.76
Bid-YTW : 7.34 %
MFC.PR.I FixedReset Ins Non -2.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.75
Evaluated at bid price : 23.40
Bid-YTW : 5.96 %
FFH.PR.I FixedReset Disc -2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.88
Evaluated at bid price : 22.40
Bid-YTW : 5.98 %
ENB.PR.J FixedReset Disc -2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 7.23 %
MFC.PR.F FixedReset Ins Non -2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.17
Evaluated at bid price : 15.17
Bid-YTW : 6.44 %
MFC.PR.K FixedReset Ins Non -2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.15
Evaluated at bid price : 22.62
Bid-YTW : 5.73 %
POW.PR.B Perpetual-Discount -2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.54
Evaluated at bid price : 21.80
Bid-YTW : 6.16 %
MFC.PR.L FixedReset Ins Non -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.17
Evaluated at bid price : 21.17
Bid-YTW : 6.01 %
PWF.PR.A Floater -2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 13.25
Evaluated at bid price : 13.25
Bid-YTW : 6.67 %
FFH.PR.H FloatingReset -2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.53
Evaluated at bid price : 22.79
Bid-YTW : 5.68 %
MFC.PR.J FixedReset Ins Non -2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.59
Evaluated at bid price : 23.25
Bid-YTW : 5.83 %
SLF.PR.D Insurance Straight -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 5.81 %
GWO.PR.P Insurance Straight -2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.97
Evaluated at bid price : 22.20
Bid-YTW : 6.12 %
BN.PR.M Perpetual-Discount -2.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.65
Evaluated at bid price : 18.65
Bid-YTW : 6.43 %
NA.PR.K FixedReset Prem -1.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.56
Evaluated at bid price : 26.08
Bid-YTW : 6.69 %
BN.PR.T FixedReset Disc -1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.93
Evaluated at bid price : 15.93
Bid-YTW : 7.53 %
PWF.PR.F Perpetual-Discount -1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.32
Evaluated at bid price : 21.59
Bid-YTW : 6.19 %
PWF.PR.G Perpetual-Discount -1.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.57
Evaluated at bid price : 23.84
Bid-YTW : 6.31 %
CCS.PR.C Insurance Straight -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 5.92 %
SLF.PR.E Insurance Straight -1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.74 %
ENB.PF.K FixedReset Disc -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.54
Evaluated at bid price : 23.15
Bid-YTW : 6.40 %
GWO.PR.Y Insurance Straight -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.66
Evaluated at bid price : 18.66
Bid-YTW : 6.08 %
GWO.PR.I Insurance Straight -1.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 6.04 %
GWO.PR.Q Insurance Straight -1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.08
Evaluated at bid price : 21.08
Bid-YTW : 6.16 %
PWF.PR.H Perpetual-Discount -1.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.16
Evaluated at bid price : 23.42
Bid-YTW : 6.26 %
MFC.PR.C Insurance Straight -1.67 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.38
Evaluated at bid price : 19.38
Bid-YTW : 5.87 %
BN.PR.N Perpetual-Discount -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.39
Evaluated at bid price : 18.39
Bid-YTW : 6.52 %
PWF.PR.Z Perpetual-Discount -1.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.11
Evaluated at bid price : 21.11
Bid-YTW : 6.23 %
ENB.PF.C FixedReset Disc -1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.21
Evaluated at bid price : 18.21
Bid-YTW : 7.43 %
SLF.PR.C Insurance Straight -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.68 %
RY.PR.J FixedReset Disc -1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.79
Evaluated at bid price : 24.05
Bid-YTW : 5.53 %
FTS.PR.J Perpetual-Discount -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 5.96 %
FFH.PR.K FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.30
Evaluated at bid price : 24.30
Bid-YTW : 6.14 %
NA.PR.E FixedReset Disc -1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.96
Evaluated at bid price : 24.00
Bid-YTW : 5.46 %
RY.PR.S FixedReset Prem -1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.15
Evaluated at bid price : 24.70
Bid-YTW : 5.25 %
PWF.PR.L Perpetual-Discount -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.20 %
TD.PF.A FixedReset Disc -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.52
Evaluated at bid price : 23.40
Bid-YTW : 5.26 %
POW.PR.G Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.55
Evaluated at bid price : 22.80
Bid-YTW : 6.16 %
GWO.PR.L Insurance Straight -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 6.18 %
ENB.PF.E FixedReset Disc -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.61
Evaluated at bid price : 17.61
Bid-YTW : 7.53 %
NA.PR.C FixedReset Prem -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.54
Evaluated at bid price : 25.26
Bid-YTW : 6.05 %
CU.PR.J Perpetual-Discount -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.10 %
GWO.PR.H Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.84
Evaluated at bid price : 19.84
Bid-YTW : 6.17 %
RY.PR.N Perpetual-Discount -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.69
Evaluated at bid price : 24.00
Bid-YTW : 5.16 %
ENB.PR.A Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 6.19 %
GWO.PR.M Insurance Straight -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.21
Evaluated at bid price : 23.51
Bid-YTW : 6.21 %
TD.PF.D FixedReset Disc -1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.95
Evaluated at bid price : 23.85
Bid-YTW : 5.63 %
NA.PR.S FixedReset Prem -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.85
Evaluated at bid price : 24.00
Bid-YTW : 5.44 %
CM.PR.S FixedReset Prem -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 24.25
Evaluated at bid price : 24.25
Bid-YTW : 5.37 %
PWF.PR.P FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 14.35
Evaluated at bid price : 14.35
Bid-YTW : 7.19 %
GWO.PR.G Insurance Straight -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.28
Evaluated at bid price : 21.28
Bid-YTW : 6.16 %
BMO.PR.E FixedReset Prem -1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.42
Evaluated at bid price : 25.40
Bid-YTW : 5.52 %
PWF.PR.K Perpetual-Discount 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.39
Evaluated at bid price : 20.39
Bid-YTW : 6.20 %
POW.PR.D Perpetual-Discount 1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 6.09 %
IFC.PR.K Insurance Straight 1.88 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.99
Evaluated at bid price : 22.27
Bid-YTW : 5.93 %
MFC.PR.B Insurance Straight 2.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.81
Evaluated at bid price : 19.81
Bid-YTW : 5.93 %
PVS.PR.K SplitShare 3.95 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 24.50
Bid-YTW : 5.12 %
BN.PF.A FixedReset Disc 5.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.83
Evaluated at bid price : 22.15
Bid-YTW : 6.59 %
PWF.PR.R Perpetual-Discount 12.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.24
Evaluated at bid price : 22.51
Bid-YTW : 6.23 %
GWO.PR.T Insurance Straight 18.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.34 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 43,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.79
Evaluated at bid price : 24.05
Bid-YTW : 5.53 %
ENB.PR.B FixedReset Disc 34,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 7.54 %
BMO.PR.Y FixedReset Disc 26,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 23.32
Evaluated at bid price : 24.16
Bid-YTW : 5.45 %
MFC.PR.K FixedReset Ins Non 25,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.15
Evaluated at bid price : 22.62
Bid-YTW : 5.73 %
ENB.PR.F FixedReset Disc 23,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 17.50
Evaluated at bid price : 17.50
Bid-YTW : 7.58 %
PVS.PR.L SplitShare 20,900 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 5.64 %
There were 41 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CU.PR.F Perpetual-Discount Quote: 18.97 – 23.88
Spot Rate : 4.9100
Average : 3.4999

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 18.97
Evaluated at bid price : 18.97
Bid-YTW : 6.02 %
POW.PR.B Perpetual-Discount Quote: 21.80 – 25.00
Spot Rate : 3.2000
Average : 1.8817

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.54
Evaluated at bid price : 21.80
Bid-YTW : 6.16 %
BN.PR.R FixedReset Disc Quote: 15.98 – 18.95
Spot Rate : 2.9700
Average : 1.9246

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 15.98
Evaluated at bid price : 15.98
Bid-YTW : 7.49 %
CU.PR.C FixedReset Disc Quote: 19.05 – 22.12
Spot Rate : 3.0700
Average : 2.1344

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.71 %
MFC.PR.L FixedReset Ins Non Quote: 21.17 – 23.79
Spot Rate : 2.6200
Average : 1.7955

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 21.17
Evaluated at bid price : 21.17
Bid-YTW : 6.01 %
BN.PF.I FixedReset Disc Quote: 22.52 – 24.50
Spot Rate : 1.9800
Average : 1.1654

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-07
Maturity Price : 22.22
Evaluated at bid price : 22.52
Bid-YTW : 7.04 %
Market Action

April 4, 2025

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 -3.8297 % 2,129.9
FixedFloater 0.00 % 0.00 % 0 0.00 0 -3.8297 % 4,146.1
Floater 7.24 % 7.82 % 63,769 11.61 3 -3.8297 % 2,389.4
OpRet 0.00 % 0.00 % 0 0.00 0 -0.9039 % 3,591.2
SplitShare 4.86 % 5.30 % 75,652 1.80 9 -0.9039 % 4,288.7
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.9039 % 3,346.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -3.1019 % 2,856.7
Perpetual-Discount 6.02 % 6.12 % 59,216 13.66 33 -3.1019 % 3,115.1
FixedReset Disc 5.76 % 6.36 % 123,487 13.18 49 -3.7478 % 2,726.0
Insurance Straight 5.95 % 5.99 % 73,496 13.91 21 -3.6606 % 3,041.7
FloatingReset 5.74 % 5.78 % 34,404 14.21 3 -1.6547 % 3,492.7
FixedReset Prem 6.44 % 5.46 % 138,429 14.06 10 -1.4924 % 2,542.5
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -3.7478 % 2,786.5
FixedReset Ins Non 5.65 % 5.66 % 74,240 14.14 12 -3.1081 % 2,787.4
Performance Highlights
Issue Index Change Notes
GWO.PR.T Insurance Straight -22.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.54 %
PWF.PR.S Perpetual-Discount -19.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.40 %
PWF.PR.R Perpetual-Discount -14.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 7.04 %
BN.PF.A FixedReset Disc -10.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.82 %
BN.PR.T FixedReset Disc -8.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 7.17 %
PWF.PR.P FixedReset Disc -6.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 14.50
Evaluated at bid price : 14.50
Bid-YTW : 6.85 %
BN.PF.B FixedReset Disc -6.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 6.69 %
MFC.PR.B Insurance Straight -6.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.06 %
ENB.PF.E FixedReset Disc -5.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 17.83
Evaluated at bid price : 17.83
Bid-YTW : 7.21 %
BN.PR.X FixedReset Disc -5.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 15.67
Evaluated at bid price : 15.67
Bid-YTW : 6.92 %
ENB.PR.D FixedReset Disc -5.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.27
Evaluated at bid price : 18.27
Bid-YTW : 6.86 %
BN.PF.E FixedReset Disc -5.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 6.99 %
ENB.PR.J FixedReset Disc -5.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.87 %
ENB.PF.C FixedReset Disc -5.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.51
Evaluated at bid price : 18.51
Bid-YTW : 7.16 %
BN.PR.B Floater -5.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 11.17
Evaluated at bid price : 11.17
Bid-YTW : 7.84 %
BN.PR.R FixedReset Disc -5.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.72
Evaluated at bid price : 16.72
Bid-YTW : 6.94 %
ENB.PR.F FixedReset Disc -5.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.54
Evaluated at bid price : 18.54
Bid-YTW : 6.97 %
CU.PR.C FixedReset Disc -5.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.92
Evaluated at bid price : 19.92
Bid-YTW : 6.23 %
IFC.PR.A FixedReset Ins Non -5.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.67 %
CU.PR.J Perpetual-Discount -5.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.98
Evaluated at bid price : 19.98
Bid-YTW : 6.03 %
POW.PR.D Perpetual-Discount -5.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.33
Evaluated at bid price : 20.33
Bid-YTW : 6.18 %
BN.PF.F FixedReset Disc -5.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.59 %
PVS.PR.K SplitShare -4.96 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 23.57
Bid-YTW : 6.16 %
PWF.PR.K Perpetual-Discount -4.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.27 %
ENB.PF.G FixedReset Disc -4.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.07
Evaluated at bid price : 18.07
Bid-YTW : 7.08 %
ENB.PR.B FixedReset Disc -4.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 17.68
Evaluated at bid price : 17.68
Bid-YTW : 7.04 %
BN.PR.N Perpetual-Discount -4.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.41 %
ENB.PR.H FixedReset Disc -4.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.74
Evaluated at bid price : 19.74
Bid-YTW : 6.32 %
BN.PF.G FixedReset Disc -4.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 6.96 %
BN.PR.K Floater -4.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 11.19
Evaluated at bid price : 11.19
Bid-YTW : 7.82 %
MFC.PR.Q FixedReset Ins Non -4.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.50
Evaluated at bid price : 23.15
Bid-YTW : 5.62 %
GWO.PR.G Insurance Straight -4.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.10 %
SLF.PR.G FixedReset Ins Non -4.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 5.99 %
FTS.PR.H FixedReset Disc -4.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 15.37
Evaluated at bid price : 15.37
Bid-YTW : 6.36 %
POW.PR.C Perpetual-Discount -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.23
Evaluated at bid price : 23.53
Bid-YTW : 6.18 %
ENB.PR.P FixedReset Disc -4.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.31
Evaluated at bid price : 19.31
Bid-YTW : 6.85 %
ENB.PF.A FixedReset Disc -4.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 6.99 %
FTS.PR.K FixedReset Disc -4.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 5.82 %
MFC.PR.L FixedReset Ins Non -4.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.35
Evaluated at bid price : 21.65
Bid-YTW : 5.70 %
GWO.PR.R Insurance Straight -4.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.10 %
ENB.PR.N FixedReset Disc -4.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.47
Evaluated at bid price : 21.82
Bid-YTW : 6.36 %
BN.PF.D Perpetual-Discount -4.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.34 %
MFC.PR.F FixedReset Ins Non -4.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 15.55
Evaluated at bid price : 15.55
Bid-YTW : 6.04 %
GWO.PR.H Insurance Straight -3.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.07
Evaluated at bid price : 20.07
Bid-YTW : 6.09 %
BN.PF.H FixedReset Disc -3.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.38
Evaluated at bid price : 24.02
Bid-YTW : 6.82 %
GWO.PR.Q Insurance Straight -3.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 6.05 %
CU.PR.D Perpetual-Discount -3.89 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.21 %
ENB.PR.Y FixedReset Disc -3.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.15
Evaluated at bid price : 18.15
Bid-YTW : 6.94 %
BN.PR.Z FixedReset Disc -3.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.52 %
ENB.PR.T FixedReset Disc -3.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 6.70 %
GWO.PR.Y Insurance Straight -3.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 5.97 %
GWO.PR.S Insurance Straight -3.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.67
Evaluated at bid price : 21.92
Bid-YTW : 6.02 %
BIP.PR.A FixedReset Disc -3.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.40
Evaluated at bid price : 23.25
Bid-YTW : 6.43 %
BN.PF.C Perpetual-Discount -3.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.27 %
MFC.PR.J FixedReset Ins Non -3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.86
Evaluated at bid price : 23.75
Bid-YTW : 5.54 %
PWF.PR.E Perpetual-Discount -3.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 6.12 %
POW.PR.A Perpetual-Discount -3.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 6.17 %
IFC.PR.E Insurance Straight -3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.15
Evaluated at bid price : 22.59
Bid-YTW : 5.78 %
GWO.PR.I Insurance Straight -3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.14
Evaluated at bid price : 19.14
Bid-YTW : 5.92 %
ELF.PR.F Perpetual-Discount -3.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.35
Evaluated at bid price : 21.35
Bid-YTW : 6.24 %
PWF.PF.A Perpetual-Discount -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 18.77
Evaluated at bid price : 18.77
Bid-YTW : 6.12 %
TD.PF.A FixedReset Disc -3.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.67
Evaluated at bid price : 23.71
Bid-YTW : 5.04 %
TD.PF.E FixedReset Disc -3.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.07
Evaluated at bid price : 23.80
Bid-YTW : 5.53 %
MFC.PR.I FixedReset Ins Non -3.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.08
Evaluated at bid price : 24.03
Bid-YTW : 5.63 %
FTS.PR.M FixedReset Disc -3.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.10
Evaluated at bid price : 21.10
Bid-YTW : 6.12 %
BN.PR.M Perpetual-Discount -3.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.04
Evaluated at bid price : 19.04
Bid-YTW : 6.29 %
FFH.PR.G FixedReset Disc -3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.05
Evaluated at bid price : 22.65
Bid-YTW : 5.45 %
BIP.PR.B FixedReset Disc -3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.61
Evaluated at bid price : 24.23
Bid-YTW : 7.15 %
IFC.PR.K Insurance Straight -3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.59
Evaluated at bid price : 21.86
Bid-YTW : 6.04 %
GWO.PR.L Insurance Straight -2.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.03
Evaluated at bid price : 23.30
Bid-YTW : 6.10 %
IFC.PR.I Insurance Straight -2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.70
Evaluated at bid price : 23.10
Bid-YTW : 5.87 %
GWO.PR.N FixedReset Ins Non -2.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 15.40
Evaluated at bid price : 15.40
Bid-YTW : 5.95 %
MFC.PR.C Insurance Straight -2.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.71
Evaluated at bid price : 19.71
Bid-YTW : 5.77 %
BIP.PR.F FixedReset Disc -2.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.15
Evaluated at bid price : 22.65
Bid-YTW : 6.24 %
TD.PF.D FixedReset Disc -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.21
Evaluated at bid price : 24.11
Bid-YTW : 5.40 %
SLF.PR.J FloatingReset -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 6.14 %
ENB.PF.K FixedReset Disc -2.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.78
Evaluated at bid price : 23.58
Bid-YTW : 6.12 %
IFC.PR.G FixedReset Ins Non -2.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.61
Evaluated at bid price : 23.35
Bid-YTW : 5.56 %
CM.PR.S FixedReset Prem -2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 24.51
Evaluated at bid price : 24.51
Bid-YTW : 5.17 %
FFH.PR.I FixedReset Disc -2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.25
Evaluated at bid price : 23.00
Bid-YTW : 5.64 %
PWF.PR.O Perpetual-Discount -2.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.72
Evaluated at bid price : 24.03
Bid-YTW : 6.14 %
FTS.PR.F Perpetual-Discount -2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.25
Evaluated at bid price : 21.52
Bid-YTW : 5.75 %
FTS.PR.J Perpetual-Discount -2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 5.87 %
ENB.PR.A Perpetual-Discount -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 6.12 %
MFC.PR.K FixedReset Ins Non -2.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.48
Evaluated at bid price : 23.15
Bid-YTW : 5.44 %
GWO.PR.P Insurance Straight -2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.41
Evaluated at bid price : 22.67
Bid-YTW : 5.99 %
POW.PR.B Perpetual-Discount -2.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 6.02 %
PWF.PR.L Perpetual-Discount -2.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.28
Evaluated at bid price : 21.28
Bid-YTW : 6.12 %
POW.PR.G Perpetual-Discount -2.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.82
Evaluated at bid price : 23.10
Bid-YTW : 6.08 %
TD.PF.J FixedReset Prem -2.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.30
Evaluated at bid price : 24.80
Bid-YTW : 5.32 %
PWF.PR.T FixedReset Disc -2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.08
Evaluated at bid price : 22.55
Bid-YTW : 5.63 %
BN.PF.J FixedReset Disc -2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.81
Evaluated at bid price : 23.60
Bid-YTW : 6.01 %
FTS.PR.G FixedReset Disc -2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.42
Evaluated at bid price : 21.75
Bid-YTW : 5.70 %
PWF.PR.H Perpetual-Discount -2.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.56
Evaluated at bid price : 23.83
Bid-YTW : 6.14 %
NA.PR.K FixedReset Prem -1.99 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-05-01
Maturity Price : 25.00
Evaluated at bid price : 26.61
Bid-YTW : 6.28 %
RY.PR.M FixedReset Disc -1.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.25
Evaluated at bid price : 23.94
Bid-YTW : 5.21 %
CU.PR.E Perpetual-Discount -1.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 6.08 %
PWF.PR.Z Perpetual-Discount -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.46
Evaluated at bid price : 21.46
Bid-YTW : 6.12 %
PWF.PR.G Perpetual-Discount -1.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 24.05
Evaluated at bid price : 24.30
Bid-YTW : 6.18 %
ELF.PR.H Perpetual-Discount -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.10 %
CM.PR.Q FixedReset Disc -1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.27
Evaluated at bid price : 24.17
Bid-YTW : 5.33 %
PWF.PR.A Floater -1.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 13.55
Evaluated at bid price : 13.55
Bid-YTW : 6.51 %
PWF.PR.F Perpetual-Discount -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.78
Evaluated at bid price : 22.02
Bid-YTW : 6.07 %
BMO.PR.E FixedReset Prem -1.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.50
Evaluated at bid price : 25.66
Bid-YTW : 5.32 %
BN.PF.I FixedReset Disc -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.73
Evaluated at bid price : 24.05
Bid-YTW : 6.45 %
BMO.PR.Y FixedReset Disc -1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.32
Evaluated at bid price : 24.16
Bid-YTW : 5.28 %
PVS.PR.M SplitShare -1.59 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2031-03-31
Maturity Price : 25.00
Evaluated at bid price : 24.80
Bid-YTW : 5.41 %
BIP.PR.E FixedReset Disc -1.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.58
Evaluated at bid price : 23.23
Bid-YTW : 6.13 %
RY.PR.S FixedReset Prem -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.28
Evaluated at bid price : 25.05
Bid-YTW : 5.02 %
SLF.PR.C Insurance Straight -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.59 %
RY.PR.J FixedReset Disc -1.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.27
Evaluated at bid price : 24.41
Bid-YTW : 5.28 %
NA.PR.E FixedReset Disc -1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.26
Evaluated at bid price : 24.71
Bid-YTW : 5.24 %
NA.PR.S FixedReset Prem -1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.11
Evaluated at bid price : 24.65
Bid-YTW : 5.25 %
NA.PR.G FixedReset Prem -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.50
Evaluated at bid price : 25.65
Bid-YTW : 5.46 %
CCS.PR.C Insurance Straight -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 5.79 %
FFH.PR.J FloatingReset -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.09
Evaluated at bid price : 23.45
Bid-YTW : 5.78 %
NA.PR.C FixedReset Prem -1.29 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-11-15
Maturity Price : 25.00
Evaluated at bid price : 26.02
Bid-YTW : 5.77 %
FFH.PR.H FloatingReset -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.03
Evaluated at bid price : 23.30
Bid-YTW : 5.51 %
IFC.PR.C FixedReset Ins Non -1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.06 %
RY.PR.N Perpetual-Discount -1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 24.02
Evaluated at bid price : 24.27
Bid-YTW : 5.10 %
GWO.PR.M Insurance Straight 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.50
Evaluated at bid price : 23.77
Bid-YTW : 6.14 %
CU.PR.F Perpetual-Discount 14.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 4.96 %
Volume Highlights
Issue Index Shares
Traded		 Notes
FFH.PR.J FloatingReset 125,706 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.09
Evaluated at bid price : 23.45
Bid-YTW : 5.78 %
CM.PR.Q FixedReset Disc 110,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.27
Evaluated at bid price : 24.17
Bid-YTW : 5.33 %
TD.PF.E FixedReset Disc 82,233 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.07
Evaluated at bid price : 23.80
Bid-YTW : 5.53 %
RY.PR.J FixedReset Disc 74,360 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.27
Evaluated at bid price : 24.41
Bid-YTW : 5.28 %
TD.PF.D FixedReset Disc 43,215 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 23.21
Evaluated at bid price : 24.11
Bid-YTW : 5.40 %
PWF.PR.F Perpetual-Discount 34,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.78
Evaluated at bid price : 22.02
Bid-YTW : 6.07 %
There were 57 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
PWF.PR.S Perpetual-Discount Quote: 16.60 – 21.75
Spot Rate : 5.1500
Average : 3.1193

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.40 %
GWO.PR.T Insurance Straight Quote: 17.25 – 21.95
Spot Rate : 4.7000
Average : 3.0059

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 17.25
Evaluated at bid price : 17.25
Bid-YTW : 7.54 %
PWF.PR.R Perpetual-Discount Quote: 19.97 – 23.50
Spot Rate : 3.5300
Average : 1.9086

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 7.04 %
BN.PF.A FixedReset Disc Quote: 21.00 – 24.65
Spot Rate : 3.6500
Average : 2.0790

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.82 %
IFC.PR.I Insurance Straight Quote: 23.10 – 25.99
Spot Rate : 2.8900
Average : 1.5818

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 22.70
Evaluated at bid price : 23.10
Bid-YTW : 5.87 %
BN.PF.B FixedReset Disc Quote: 20.22 – 22.40
Spot Rate : 2.1800
Average : 1.3479

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-04
Maturity Price : 20.22
Evaluated at bid price : 20.22
Bid-YTW : 6.69 %
Issue Comments

PVS.PR.I To Be Redeemed

Partners Value Split Corp. has announced:

y its intention to redeem all of its 6,000,000 outstanding Class AA Preferred Shares, Series 11 (“Preferred Shares, Series 11”) for cash on April 22, 2025 (the “Redemption Date”) in accordance with the terms of the Preferred Shares, Series 11.

The redemption price per Preferred Share, Series 11 will be equal to C$25.00 per share plus accrued and unpaid dividends of C$0.17 per share to April 21, 2025, representing a total redemption price of C$25.17 per share (the “Redemption Price”).

Notice has been delivered to holders of the Preferred Shares, Series 11 in accordance with the terms of the Preferred Shares, Series 11.

From and after the Redemption Date, the Preferred Shares, Series 11 will cease to be entitled to dividends or any other participation in any distribution of the assets of the Company and the holders thereof shall not be entitled to exercise any of their rights as shareholders in respect thereof except to receive the Redemption Price (less any tax required to be deducted and withheld by the Company). After the redemption of the Preferred Shares, Series 11, the Company will consolidate the existing capital shares held by Partners Value Investments Inc. so that there are an equal number of preferred shares and capital shares outstanding.

PVS.PR.I is a SplitShare, 5-Year, 4.75%, which was announced 2020-9-25 and commenced trading 2020-10-7. It is tracked by HIMIPref™ and has been added to the SplitShare subindex.

This redemption was announced during the Great Server Crash of 2025 and was never posted. Thanks to Assiduous Reader JD for bringing the omission to my attention!