HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 3.17 % | 3.73 % | 39,909 | 19.82 | 1 | -2.0305 % | 2,749.4 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -4.0064 % | 5,223.7 |
Floater | 3.05 % | 3.07 % | 59,012 | 19.50 | 3 | -4.0064 % | 3,010.5 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0131 % | 3,642.5 |
SplitShare | 4.65 % | 4.24 % | 31,276 | 3.62 | 6 | -0.0131 % | 4,349.9 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0131 % | 3,394.0 |
Perpetual-Premium | 5.26 % | 3.74 % | 62,984 | 0.50 | 21 | 0.1194 % | 3,205.8 |
Perpetual-Discount | 4.95 % | 5.02 % | 63,749 | 15.40 | 11 | -0.4511 % | 3,722.6 |
FixedReset Disc | 4.10 % | 4.36 % | 120,229 | 16.54 | 43 | 0.2294 % | 2,724.7 |
Insurance Straight | 5.04 % | 4.91 % | 90,644 | 15.39 | 18 | -0.4504 % | 3,560.9 |
FloatingReset | 3.20 % | 3.32 % | 49,060 | 18.98 | 2 | -9.8269 % | 2,621.7 |
FixedReset Prem | 4.78 % | 4.17 % | 126,994 | 2.26 | 26 | -0.0287 % | 2,701.7 |
FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2294 % | 2,785.2 |
FixedReset Ins Non | 4.25 % | 4.31 % | 82,073 | 16.62 | 17 | -1.6217 % | 2,857.6 |
Performance Highlights | |||
Issue | Index | Change | Notes |
SLF.PR.J | FloatingReset | -16.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 3.02 % |
MFC.PR.M | FixedReset Ins Non | -6.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.24 Evaluated at bid price : 21.52 Bid-YTW : 4.63 % |
BAM.PR.B | Floater | -4.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 13.90 Evaluated at bid price : 13.90 Bid-YTW : 3.11 % |
BAM.PR.C | Floater | -4.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 14.16 Evaluated at bid price : 14.16 Bid-YTW : 3.05 % |
MFC.PR.F | FixedReset Ins Non | -4.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 4.26 % |
PWF.PF.A | Perpetual-Discount | -3.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.72 Evaluated at bid price : 23.12 Bid-YTW : 4.89 % |
BAM.PR.K | Floater | -3.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 14.11 Evaluated at bid price : 14.11 Bid-YTW : 3.07 % |
MFC.PR.N | FixedReset Ins Non | -3.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.86 Evaluated at bid price : 22.15 Bid-YTW : 4.42 % |
MFC.PR.L | FixedReset Ins Non | -2.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.34 Evaluated at bid price : 21.65 Bid-YTW : 4.40 % |
BAM.PR.T | FixedReset Disc | -2.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 4.80 % |
NA.PR.W | FixedReset Disc | -2.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.11 Evaluated at bid price : 22.49 Bid-YTW : 4.35 % |
MFC.PR.K | FixedReset Ins Non | -2.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.98 Evaluated at bid price : 23.40 Bid-YTW : 4.18 % |
BAM.PF.B | FixedReset Disc | -2.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.34 Evaluated at bid price : 22.63 Bid-YTW : 4.83 % |
BAM.PR.E | Ratchet | -2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 25.00 Evaluated at bid price : 19.30 Bid-YTW : 3.73 % |
IFC.PR.C | FixedReset Disc | -1.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.62 Evaluated at bid price : 23.60 Bid-YTW : 4.36 % |
CM.PR.O | FixedReset Disc | -1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.18 Evaluated at bid price : 22.50 Bid-YTW : 4.41 % |
BMO.PR.W | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.17 Evaluated at bid price : 22.54 Bid-YTW : 4.31 % |
BAM.PR.X | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 17.95 Evaluated at bid price : 17.95 Bid-YTW : 4.89 % |
TRP.PR.D | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 20.08 Evaluated at bid price : 20.08 Bid-YTW : 5.08 % |
TRP.PR.B | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 13.33 Evaluated at bid price : 13.33 Bid-YTW : 5.11 % |
TRP.PR.F | FloatingReset | -1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 3.32 % |
MFC.PR.Q | FixedReset Ins Non | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 24.17 Evaluated at bid price : 24.55 Bid-YTW : 4.31 % |
TRP.PR.E | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.03 % |
SLF.PR.C | Insurance Straight | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.00 Evaluated at bid price : 23.27 Bid-YTW : 4.77 % |
CM.PR.Q | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.92 Evaluated at bid price : 24.00 Bid-YTW : 4.35 % |
BAM.PF.E | FixedReset Disc | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.09 Evaluated at bid price : 21.09 Bid-YTW : 4.95 % |
CIU.PR.A | Perpetual-Discount | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.47 Evaluated at bid price : 22.73 Bid-YTW : 5.07 % |
BAM.PF.A | FixedReset Prem | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 24.17 Evaluated at bid price : 24.50 Bid-YTW : 4.77 % |
IAF.PR.B | Insurance Straight | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.42 Evaluated at bid price : 23.71 Bid-YTW : 4.91 % |
IFC.PR.G | FixedReset Ins Non | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 24.18 Evaluated at bid price : 24.55 Bid-YTW : 4.39 % |
IAF.PR.G | FixedReset Ins Non | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.74 Evaluated at bid price : 24.56 Bid-YTW : 4.61 % |
GWO.PR.N | FixedReset Ins Non | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 4.17 % |
MFC.PR.J | FixedReset Ins Non | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 24.17 Evaluated at bid price : 24.60 Bid-YTW : 4.35 % |
FTS.PR.M | FixedReset Disc | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.59 Evaluated at bid price : 22.00 Bid-YTW : 4.67 % |
FTS.PR.G | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.34 Evaluated at bid price : 21.34 Bid-YTW : 4.53 % |
BIP.PR.A | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.55 Evaluated at bid price : 23.25 Bid-YTW : 5.34 % |
TD.PF.B | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.38 Evaluated at bid price : 22.80 Bid-YTW : 4.30 % |
PWF.PR.T | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.90 Evaluated at bid price : 23.25 Bid-YTW : 4.38 % |
SLF.PR.E | Insurance Straight | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.16 Evaluated at bid price : 23.42 Bid-YTW : 4.79 % |
MFC.PR.I | FixedReset Ins Non | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.90 Evaluated at bid price : 24.55 Bid-YTW : 4.58 % |
GWO.PR.Y | Insurance Straight | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 23.94 Evaluated at bid price : 24.30 Bid-YTW : 4.68 % |
BAM.PF.G | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.46 Evaluated at bid price : 21.81 Bid-YTW : 4.95 % |
SLF.PR.H | FixedReset Ins Non | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 4.29 % |
BIP.PR.B | FixedReset Prem | 2.36 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-31 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 4.25 % |
RY.PR.M | FixedReset Disc | 57.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 22.72 Evaluated at bid price : 23.65 Bid-YTW : 4.24 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
CM.PR.R | FixedReset Prem | 64,262 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-07-31 Maturity Price : 25.00 Evaluated at bid price : 25.10 Bid-YTW : 4.43 % |
TRP.PR.K | FixedReset Prem | 59,891 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.01 Bid-YTW : 4.95 % |
MFC.PR.R | FixedReset Ins Non | 38,938 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-04-18 Maturity Price : 25.00 Evaluated at bid price : 24.97 Bid-YTW : 3.98 % |
TRP.PR.A | FixedReset Disc | 33,741 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-03-01 Maturity Price : 18.04 Evaluated at bid price : 18.04 Bid-YTW : 4.96 % |
BMO.PR.F | FixedReset Prem | 32,970 | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-05-25 Maturity Price : 25.00 Evaluated at bid price : 26.20 Bid-YTW : 2.91 % |
BIP.PR.F | FixedReset Prem | 27,354 | YTW SCENARIO Maturity Type : Call Maturity Date : 2023-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.18 Bid-YTW : 4.47 % |
There were 36 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
SLF.PR.J | FloatingReset | Quote: 14.90 – 18.05 Spot Rate : 3.1500 Average : 1.7158 YTW SCENARIO |
PWF.PF.A | Perpetual-Discount | Quote: 23.12 – 24.50 Spot Rate : 1.3800 Average : 0.9567 YTW SCENARIO |
BAM.PR.B | Floater | Quote: 13.90 – 15.10 Spot Rate : 1.2000 Average : 0.8310 YTW SCENARIO |
TRP.PR.G | FixedReset Disc | Quote: 12.29 – 23.35 Spot Rate : 11.0600 Average : 10.7058 YTW SCENARIO |
MFC.PR.M | FixedReset Ins Non | Quote: 21.52 – 23.00 Spot Rate : 1.4800 Average : 1.1361 YTW SCENARIO |
CU.PR.G | Perpetual-Discount | Quote: 23.40 – 24.88 Spot Rate : 1.4800 Average : 1.1458 YTW SCENARIO |
BCE.PR.O To Be Redeemed
February 25th, 2022BCE Inc. has announced (on February 24):
BCE.PR.O was issued as BAF.PR.C, a FixedReset, 4.55%+309, that commenced trading 2011-12-7 after being announced 2011-11-21. BCE privatized Bell Aliant in 2014 and included an Exchange Offer for its preferreds. The offer was successful and later became mandatory. After the first round, the ticker symbol, etc., was changed. BCE.PR.O reset to 4.26% in 2017; I recommended against conversion; and there was no conversion.
Thanks to Peculiar_Investor and CanSiamCyp for bringing this to my attention!
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