Another day of enormous volume. Husky Energy issues got hammered; but the common actually gained ground today. Note, however, that HSE common closed at 3.64 today, compared to ‘comfortably over 8.00’ in the first two weeks of February.
HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 4.3778 % | 1,740.6 |
FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 4.3778 % | 3,193.9 |
Floater | 6.14 % | 6.31 % | 52,760 | 13.33 | 4 | 4.3778 % | 1,840.7 |
OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1418 % | 3,448.2 |
SplitShare | 4.81 % | 4.62 % | 55,833 | 4.08 | 7 | 0.1418 % | 4,117.9 |
Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1418 % | 3,212.9 |
Perpetual-Premium | 5.71 % | 5.82 % | 82,143 | 14.08 | 12 | 0.1897 % | 2,982.3 |
Perpetual-Discount | 5.42 % | 5.41 % | 72,044 | 14.80 | 24 | 0.3688 % | 3,225.5 |
FixedReset Disc | 6.76 % | 5.62 % | 197,875 | 14.05 | 64 | 0.5991 % | 1,777.5 |
Deemed-Retractible | 5.34 % | 5.49 % | 82,418 | 14.55 | 27 | -0.5028 % | 3,161.4 |
FloatingReset | 5.44 % | 5.25 % | 70,176 | 15.04 | 3 | 3.5477 % | 1,956.6 |
FixedReset Prem | 5.50 % | 5.45 % | 156,051 | 14.54 | 22 | 0.0135 % | 2,459.0 |
FixedReset Bank Non | 1.97 % | 4.28 % | 109,286 | 1.84 | 3 | 0.4587 % | 2,699.4 |
FixedReset Ins Non | 6.65 % | 5.79 % | 107,220 | 14.05 | 22 | 2.2418 % | 1,782.9 |
Performance Highlights | |||
Issue | Index | Change | Notes |
HSE.PR.G | FixedReset Disc | -13.58 % | All too real, as the issue traded 18,100 shares in a range of 12.58-15.10 (!) before closing at 12.86-39.
YTW SCENARIO |
HSE.PR.E | FixedReset Disc | -12.90 % | Again, real. The issue traded 12,306 shares in a range of 12.30-14.01 before closing at 12.56-90.
YTW SCENARIO |
HSE.PR.C | FixedReset Disc | -7.49 % | Again, real. The issue traded 20,925 shares in a range of 11.80-13.46 before closing at 12.10-49.
YTW SCENARIO |
MFC.PR.R | FixedReset Ins Non | -4.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 19.33 Evaluated at bid price : 19.33 Bid-YTW : 5.79 % |
BIP.PR.F | FixedReset Disc | -3.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.22 Evaluated at bid price : 20.22 Bid-YTW : 6.33 % |
TRP.PR.G | FixedReset Disc | -3.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.00 Evaluated at bid price : 14.00 Bid-YTW : 6.40 % |
BIP.PR.E | FixedReset Disc | -2.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.33 Evaluated at bid price : 20.33 Bid-YTW : 6.17 % |
GWO.PR.Q | Deemed-Retractible | -2.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.73 Evaluated at bid price : 23.00 Bid-YTW : 5.60 % |
RY.PR.R | FixedReset Prem | -2.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 24.03 Evaluated at bid price : 24.40 Bid-YTW : 5.55 % |
IAF.PR.I | FixedReset Ins Non | -2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.40 Evaluated at bid price : 15.40 Bid-YTW : 5.84 % |
BIP.PR.A | FixedReset Disc | -2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.16 Evaluated at bid price : 16.16 Bid-YTW : 6.41 % |
IFC.PR.F | Deemed-Retractible | -2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.25 Evaluated at bid price : 23.61 Bid-YTW : 5.71 % |
CM.PR.Q | FixedReset Disc | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.00 Evaluated at bid price : 15.00 Bid-YTW : 5.70 % |
BNS.PR.G | FixedReset Prem | -1.91 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.77 Evaluated at bid price : 24.19 Bid-YTW : 5.54 % |
PWF.PR.K | Perpetual-Discount | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.51 Evaluated at bid price : 21.77 Bid-YTW : 5.75 % |
IAF.PR.G | FixedReset Ins Non | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.89 Evaluated at bid price : 14.89 Bid-YTW : 5.84 % |
HSE.PR.A | FixedReset Disc | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 7.00 Evaluated at bid price : 7.00 Bid-YTW : 8.48 % |
MFC.PR.O | FixedReset Ins Non | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.28 Evaluated at bid price : 23.76 Bid-YTW : 5.84 % |
EMA.PR.H | FixedReset Prem | -1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.97 Evaluated at bid price : 24.11 Bid-YTW : 5.07 % |
BNS.PR.I | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.30 Evaluated at bid price : 16.30 Bid-YTW : 5.32 % |
BIP.PR.D | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.16 Evaluated at bid price : 21.16 Bid-YTW : 5.93 % |
GWO.PR.H | Deemed-Retractible | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.49 Evaluated at bid price : 21.75 Bid-YTW : 5.57 % |
MFC.PR.B | Deemed-Retractible | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 5.53 % |
NA.PR.A | FixedReset Prem | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.26 Evaluated at bid price : 23.70 Bid-YTW : 5.57 % |
PWF.PR.E | Perpetual-Premium | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.63 Evaluated at bid price : 23.90 Bid-YTW : 5.82 % |
CU.PR.D | Perpetual-Discount | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.50 Evaluated at bid price : 22.77 Bid-YTW : 5.41 % |
BMO.PR.W | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.12 Evaluated at bid price : 14.12 Bid-YTW : 5.50 % |
TRP.PR.D | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 13.34 Evaluated at bid price : 13.34 Bid-YTW : 6.08 % |
BAM.PF.I | FixedReset Prem | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.42 Evaluated at bid price : 23.74 Bid-YTW : 5.13 % |
CCS.PR.C | Deemed-Retractible | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.98 Evaluated at bid price : 23.25 Bid-YTW : 5.37 % |
SLF.PR.C | Deemed-Retractible | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.34 Evaluated at bid price : 20.34 Bid-YTW : 5.48 % |
CU.PR.I | FixedReset Prem | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.75 Evaluated at bid price : 24.35 Bid-YTW : 4.61 % |
IFC.PR.E | Deemed-Retractible | -1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.15 Evaluated at bid price : 23.51 Bid-YTW : 5.62 % |
RY.PR.P | Perpetual-Premium | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 24.53 Evaluated at bid price : 25.01 Bid-YTW : 5.27 % |
TD.PF.E | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 5.28 % |
BAM.PR.N | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.97 Evaluated at bid price : 20.97 Bid-YTW : 5.78 % |
BMO.PR.B | FixedReset Prem | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.35 Evaluated at bid price : 21.66 Bid-YTW : 5.40 % |
BMO.PR.F | FixedReset Disc | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.46 % |
BMO.PR.Q | FixedReset Bank Non | 1.30 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.37 Bid-YTW : 5.51 % |
BMO.PR.D | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 17.74 Evaluated at bid price : 17.74 Bid-YTW : 5.45 % |
CM.PR.T | FixedReset Disc | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 5.54 % |
PWF.PR.T | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 5.39 % |
CM.PR.S | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 5.62 % |
W.PR.M | FixedReset Prem | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.38 Evaluated at bid price : 23.78 Bid-YTW : 5.54 % |
IAF.PR.B | Deemed-Retractible | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.33 Evaluated at bid price : 21.60 Bid-YTW : 5.32 % |
BAM.PF.H | FixedReset Prem | 1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.07 Evaluated at bid price : 23.69 Bid-YTW : 5.34 % |
CU.PR.H | Perpetual-Discount | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 24.50 Evaluated at bid price : 25.00 Bid-YTW : 5.26 % |
CU.PR.G | Perpetual-Discount | 1.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.34 % |
PVS.PR.E | SplitShare | 1.51 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.48 Bid-YTW : 4.76 % |
BAM.PR.Z | FixedReset Disc | 1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.48 Evaluated at bid price : 16.48 Bid-YTW : 5.79 % |
MFC.PR.G | FixedReset Ins Non | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.04 Evaluated at bid price : 15.04 Bid-YTW : 5.87 % |
EMA.PR.C | FixedReset Disc | 1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.69 Evaluated at bid price : 15.69 Bid-YTW : 5.69 % |
W.PR.K | FixedReset Prem | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.95 Evaluated at bid price : 23.55 Bid-YTW : 5.64 % |
TRP.PR.F | FloatingReset | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.42 Evaluated at bid price : 10.42 Bid-YTW : 6.10 % |
ELF.PR.H | Perpetual-Premium | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 24.33 Evaluated at bid price : 24.85 Bid-YTW : 5.60 % |
SLF.PR.J | FloatingReset | 1.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.11 Evaluated at bid price : 10.11 Bid-YTW : 5.02 % |
BAM.PR.R | FixedReset Disc | 1.94 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 12.59 Evaluated at bid price : 12.59 Bid-YTW : 5.84 % |
BMO.PR.Z | Perpetual-Discount | 2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 23.76 Evaluated at bid price : 24.25 Bid-YTW : 5.17 % |
CIU.PR.A | Perpetual-Discount | 2.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.44 Evaluated at bid price : 21.44 Bid-YTW : 5.41 % |
BAM.PR.B | Floater | 2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 9.50 Evaluated at bid price : 9.50 Bid-YTW : 6.49 % |
MFC.PR.M | FixedReset Ins Non | 2.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 13.34 Evaluated at bid price : 13.34 Bid-YTW : 5.99 % |
TD.PF.I | FixedReset Disc | 2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 17.65 Evaluated at bid price : 17.65 Bid-YTW : 5.35 % |
RY.PR.S | FixedReset Disc | 2.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.61 Evaluated at bid price : 16.61 Bid-YTW : 5.10 % |
NA.PR.S | FixedReset Disc | 2.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.37 Evaluated at bid price : 14.37 Bid-YTW : 5.69 % |
CU.PR.F | Perpetual-Discount | 2.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 21.60 Evaluated at bid price : 21.60 Bid-YTW : 5.25 % |
POW.PR.D | Perpetual-Discount | 2.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.71 Evaluated at bid price : 23.00 Bid-YTW : 5.51 % |
MFC.PR.Q | FixedReset Ins Non | 2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.17 Evaluated at bid price : 15.17 Bid-YTW : 5.67 % |
BAM.PR.X | FixedReset Disc | 3.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.58 Evaluated at bid price : 10.58 Bid-YTW : 5.85 % |
BMO.PR.Y | FixedReset Disc | 3.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.72 Evaluated at bid price : 15.72 Bid-YTW : 5.28 % |
MFC.PR.K | FixedReset Ins Non | 3.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 13.41 Evaluated at bid price : 13.41 Bid-YTW : 5.87 % |
GWO.PR.N | FixedReset Ins Non | 3.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 11.05 Evaluated at bid price : 11.05 Bid-YTW : 4.26 % |
CU.PR.C | FixedReset Disc | 3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 4.91 % |
IFC.PR.G | FixedReset Ins Non | 3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.25 Evaluated at bid price : 16.25 Bid-YTW : 5.46 % |
BAM.PR.C | Floater | 3.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 9.42 Evaluated at bid price : 9.42 Bid-YTW : 6.54 % |
TD.PF.J | FixedReset Disc | 3.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.66 Evaluated at bid price : 16.66 Bid-YTW : 5.38 % |
CM.PR.Y | FixedReset Disc | 4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.62 % |
MFC.PR.H | FixedReset Ins Non | 4.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.77 Evaluated at bid price : 15.77 Bid-YTW : 6.02 % |
MFC.PR.I | FixedReset Ins Non | 4.48 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.15 Evaluated at bid price : 15.15 Bid-YTW : 5.92 % |
MFC.PR.L | FixedReset Ins Non | 4.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 12.55 Evaluated at bid price : 12.55 Bid-YTW : 6.01 % |
MFC.PR.J | FixedReset Ins Non | 4.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.56 Evaluated at bid price : 15.56 Bid-YTW : 5.58 % |
MFC.PR.F | FixedReset Ins Non | 4.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 9.32 Evaluated at bid price : 9.32 Bid-YTW : 5.37 % |
TD.PF.M | FixedReset Disc | 4.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 20.16 Evaluated at bid price : 20.16 Bid-YTW : 5.51 % |
IFC.PR.C | FixedReset Ins Non | 4.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.90 Evaluated at bid price : 14.90 Bid-YTW : 5.55 % |
BAM.PR.K | Floater | 4.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 9.76 Evaluated at bid price : 9.76 Bid-YTW : 6.31 % |
TRP.PR.C | FixedReset Disc | 5.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 8.78 Evaluated at bid price : 8.78 Bid-YTW : 6.12 % |
IFC.PR.A | FixedReset Ins Non | 5.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 12.00 Evaluated at bid price : 12.00 Bid-YTW : 5.26 % |
RY.PR.J | FixedReset Disc | 5.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 5.32 % |
BIK.PR.A | FixedReset Prem | 5.37 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.50 Bid-YTW : 5.24 % |
BAM.PF.A | FixedReset Disc | 5.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 17.34 Evaluated at bid price : 17.34 Bid-YTW : 5.62 % |
SLF.PR.G | FixedReset Ins Non | 5.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.51 Evaluated at bid price : 10.51 Bid-YTW : 4.72 % |
RY.PR.M | FixedReset Disc | 6.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.15 Evaluated at bid price : 15.15 Bid-YTW : 5.34 % |
PWF.PR.A | Floater | 6.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.66 Evaluated at bid price : 10.66 Bid-YTW : 5.73 % |
TRP.PR.B | FixedReset Disc | 6.87 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 8.25 Evaluated at bid price : 8.25 Bid-YTW : 5.62 % |
PWF.PR.Q | FloatingReset | 7.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.70 Evaluated at bid price : 10.70 Bid-YTW : 5.25 % |
MFC.PR.N | FixedReset Ins Non | 7.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 13.30 Evaluated at bid price : 13.30 Bid-YTW : 5.43 % |
PWF.PR.P | FixedReset Disc | 7.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 10.76 Evaluated at bid price : 10.76 Bid-YTW : 5.12 % |
SLF.PR.H | FixedReset Ins Non | 9.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 13.13 Evaluated at bid price : 13.13 Bid-YTW : 5.25 % |
TD.PF.D | FixedReset Disc | 12.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 16.10 Evaluated at bid price : 16.10 Bid-YTW : 5.30 % |
Volume Highlights | |||
Issue | Index | Shares Traded |
Notes |
RY.PR.J | FixedReset Disc | 120,405 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 5.32 % |
PWF.PR.L | Perpetual-Discount | 104,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 22.31 Evaluated at bid price : 22.58 Bid-YTW : 5.71 % |
CM.PR.R | FixedReset Disc | 101,651 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 17.99 Evaluated at bid price : 17.99 Bid-YTW : 5.67 % |
BMO.PR.S | FixedReset Disc | 89,181 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.27 Evaluated at bid price : 14.27 Bid-YTW : 5.54 % |
RY.PR.Z | FixedReset Disc | 66,030 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 5.29 % |
TD.PF.C | FixedReset Disc | 58,998 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-03-10 Maturity Price : 14.57 Evaluated at bid price : 14.57 Bid-YTW : 5.45 % |
There were 114 other index-included issues trading in excess of 10,000 shares. |
Wide Spread Highlights | ||
Issue | Index | Quote Data and Yield Notes |
BAM.PR.X | FixedReset Disc | Quote: 10.58 – 11.39 Spot Rate : 0.8100 Average : 0.4905 YTW SCENARIO |
BAM.PF.F | FixedReset Disc | Quote: 15.48 – 16.10 Spot Rate : 0.6200 Average : 0.3592 YTW SCENARIO |
SLF.PR.J | FloatingReset | Quote: 10.11 – 11.00 Spot Rate : 0.8900 Average : 0.6411 YTW SCENARIO |
SLF.PR.H | FixedReset Ins Non | Quote: 13.13 – 14.01 Spot Rate : 0.8800 Average : 0.6422 YTW SCENARIO |
BAM.PR.B | Floater | Quote: 9.50 – 10.07 Spot Rate : 0.5700 Average : 0.3592 YTW SCENARIO |
PWF.PR.P | FixedReset Disc | Quote: 10.76 – 11.50 Spot Rate : 0.7400 Average : 0.5359 YTW SCENARIO |
OSP.PR.A Downgraded to Pfd-5(low) by DBRS
March 11th, 2020DBRS has announced that it:
Extension details were announced in January following the March, 2019, notice of extension. In the former post, I strongly recommended retraction of the preferreds. As of 2020-2-28, the fund had only $8.38 in assets for every $10.00 of preferred share obligations. The company suffered a 75% retraction of its preferreds.
I reiterate my recommendation that preferred shares be retracted by their holders; as the notification deadline has passed, those who did not retract cannot follow this advice, but I want to emphasize that shares that have been tendered for retraction should not be “withdrawn from the retraction.” Those who hope that the underlying portfolio will recover and thereby return their par value of $10 are better advised to invest directly in a similar portfolio to that held by the company. The downside risk will be the same; but in the event of a strong recovery, those who hold the preferreds will be handing over their excess profits (if any, that exceed the $10 par value) to the Capital Unitholders.
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