Market Action

April 25, 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 0.1717 % 2,076.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1717 % 4,042.2
Floater 7.42 % 7.99 % 64,636 11.38 3 0.1717 % 2,329.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1241 % 3,638.4
SplitShare 4.81 % 4.60 % 65,646 1.75 8 -0.1241 % 4,345.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1241 % 3,390.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.6170 % 2,838.9
Perpetual-Discount 6.06 % 6.17 % 52,979 13.65 33 -0.6170 % 3,095.7
FixedReset Disc 5.77 % 6.63 % 124,389 12.66 49 0.0692 % 2,723.0
Insurance Straight 5.93 % 6.05 % 75,709 13.83 21 0.0498 % 3,051.9
FloatingReset 5.94 % 5.96 % 38,606 13.90 3 -0.6037 % 3,468.8
FixedReset Prem 6.44 % 5.53 % 140,402 13.81 10 -0.1850 % 2,543.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0692 % 2,783.5
FixedReset Ins Non 5.76 % 6.21 % 71,492 13.45 12 -0.2875 % 2,730.3
Performance Highlights
Issue Index Change Notes
BN.PF.D Perpetual-Discount -7.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.94 %
BN.PF.C Perpetual-Discount -3.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.62 %
MFC.PR.C Insurance Straight -3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.01 %
PWF.PR.K Perpetual-Discount -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.29 %
PWF.PF.A Perpetual-Discount -2.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 6.22 %
SLF.PR.D Insurance Straight -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.76 %
GWO.PR.H Insurance Straight -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.11 %
CU.PR.J Perpetual-Discount -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.10 %
FFH.PR.J FloatingReset -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.02
Evaluated at bid price : 23.40
Bid-YTW : 5.96 %
CU.PR.H Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.92 %
CU.PR.C FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 6.63 %
PWF.PR.S Perpetual-Discount -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.20 %
GWO.PR.P Insurance Straight 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.60
Evaluated at bid price : 22.85
Bid-YTW : 5.97 %
PWF.PR.P FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 7.19 %
POW.PR.D Perpetual-Discount 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 6.07 %
BIP.PR.E FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.45
Evaluated at bid price : 23.00
Bid-YTW : 6.54 %
ENB.PF.K FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.66
Evaluated at bid price : 23.35
Bid-YTW : 6.53 %
MFC.PR.B Insurance Straight 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.88 %
IFC.PR.K Insurance Straight 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 21.45
Evaluated at bid price : 21.77
Bid-YTW : 6.09 %
GWO.PR.T Insurance Straight 3.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 6.05 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.A FixedReset Disc 785,626 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.58
Evaluated at bid price : 23.52
Bid-YTW : 5.30 %
TD.PF.D FixedReset Disc 575,756 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.77
Evaluated at bid price : 24.64
Bid-YTW : 5.61 %
BMO.PR.Y FixedReset Disc 100,968 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.92
Evaluated at bid price : 24.69
Bid-YTW : 5.55 %
PWF.PR.G Perpetual-Discount 99,551 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.63
Evaluated at bid price : 23.90
Bid-YTW : 6.20 %
RY.PR.J FixedReset Disc 85,989 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-23
Maturity Price : 25.00
Evaluated at bid price : 24.93
Bid-YTW : 4.59 %
ENB.PR.Y FixedReset Disc 80,926 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.52 %
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
CU.PR.F Perpetual-Discount Quote: 19.00 – 23.88
Spot Rate : 4.8800
Average : 2.8625

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.03 %
SLF.PR.G FixedReset Ins Non Quote: 15.96 – 18.60
Spot Rate : 2.6400
Average : 1.6125

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 15.96
Evaluated at bid price : 15.96
Bid-YTW : 6.60 %
BN.PF.D Perpetual-Discount Quote: 17.90 – 19.60
Spot Rate : 1.7000
Average : 0.9883

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.94 %
CU.PR.J Perpetual-Discount Quote: 19.82 – 21.60
Spot Rate : 1.7800
Average : 1.1664

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.10 %
CU.PR.C FixedReset Disc Quote: 19.97 – 22.11
Spot Rate : 2.1400
Average : 1.7131

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 6.63 %
TD.PF.A FixedReset Disc Quote: 23.52 – 24.80
Spot Rate : 1.2800
Average : 0.8994

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.58
Evaluated at bid price : 23.52
Bid-YTW : 5.30 %
Market Action

April 17, 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 0.4011 % 2,078.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4011 % 4,045.7
Floater 7.42 % 7.99 % 65,609 11.40 3 0.4011 % 2,331.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,611.3
SplitShare 4.83 % 5.20 % 70,935 1.77 9 0.0044 % 4,312.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,364.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.1368 % 2,846.7
Perpetual-Discount 6.04 % 6.15 % 60,587 13.72 33 -0.1368 % 3,104.2
FixedReset Disc 5.84 % 7.03 % 135,866 12.48 49 -0.5070 % 2,689.1
Insurance Straight 5.95 % 6.05 % 74,435 13.84 21 0.0204 % 3,044.3
FloatingReset 5.95 % 5.88 % 42,112 14.05 3 -0.1601 % 3,456.6
FixedReset Prem 6.44 % 5.81 % 143,028 13.78 10 -0.1929 % 2,543.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.5070 % 2,748.8
FixedReset Ins Non 5.86 % 6.41 % 76,975 13.16 12 -0.9089 % 2,685.4
Performance Highlights
Issue Index Change Notes
ENB.PF.G FixedReset Disc -8.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %
IFC.PR.C FixedReset Ins Non -6.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %
MFC.PR.Q FixedReset Ins Non -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.74
Evaluated at bid price : 22.00
Bid-YTW : 6.38 %
PWF.PR.E Perpetual-Discount -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.76
Evaluated at bid price : 22.01
Bid-YTW : 6.27 %
GWO.PR.G Insurance Straight -3.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.26 %
BN.PF.G FixedReset Disc -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 7.79 %
ENB.PR.J FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
BN.PF.C Perpetual-Discount -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.61 %
BN.PF.J FixedReset Disc -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.31
Evaluated at bid price : 22.75
Bid-YTW : 6.69 %
FTS.PR.F Perpetual-Discount -2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %
GWO.PR.S Insurance Straight -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.13 %
PWF.PR.F Perpetual-Discount -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.25 %
FFH.PR.K FixedReset Disc -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.41
Evaluated at bid price : 23.75
Bid-YTW : 6.59 %
POW.PR.B Perpetual-Discount -1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.47
Evaluated at bid price : 21.73
Bid-YTW : 6.19 %
SLF.PR.G FixedReset Ins Non -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 6.83 %
POW.PR.G Perpetual-Discount -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.23 %
CU.PR.H Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
NA.PR.G FixedReset Prem -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.40
Evaluated at bid price : 25.32
Bid-YTW : 5.81 %
FFH.PR.J FloatingReset -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.33
Evaluated at bid price : 23.65
Bid-YTW : 5.88 %
BN.PF.E FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 7.42 %
MFC.PR.B Insurance Straight -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.96 %
BN.PF.D Perpetual-Discount 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.42 %
GWO.PR.H Insurance Straight 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.14 %
SLF.PR.C Insurance Straight 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.68 %
ENB.PF.K FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.81
Bid-YTW : 6.78 %
SLF.PR.D Insurance Straight 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 5.72 %
BN.PR.M Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.47 %
IFC.PR.A FixedReset Ins Non 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.36
Evaluated at bid price : 18.36
Bid-YTW : 6.41 %
ENB.PR.B FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 17.09
Evaluated at bid price : 17.09
Bid-YTW : 7.88 %
FTS.PR.J Perpetual-Discount 3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 6.03 %
CU.PR.F Perpetual-Discount 3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %
PWF.PR.K Perpetual-Discount 3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.13 %
SLF.PR.E Insurance Straight 3.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.71 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 1,034,674 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 3.56 %
CU.PR.J Perpetual-Discount 237,121 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.95 %
IFC.PR.E Insurance Straight 177,227 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.96
Evaluated at bid price : 22.35
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight 176,061 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.47
Evaluated at bid price : 22.83
Bid-YTW : 5.96 %
CU.PR.H Perpetual-Discount 147,266 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
TD.PF.A FixedReset Disc 108,382 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.58
Evaluated at bid price : 23.51
Bid-YTW : 5.38 %
There were 23 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: 18.90 – 23.88
Spot Rate : 4.9800
Average : 3.0792

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %
ENB.PF.G FixedReset Disc Quote: 16.25 – 17.91
Spot Rate : 1.6600
Average : 1.1933

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %
GWO.PR.Y Insurance Straight Quote: 18.86 – 21.00
Spot Rate : 2.1400
Average : 1.6809

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 6.03 %
FTS.PR.F Perpetual-Discount Quote: 20.85 – 21.98
Spot Rate : 1.1300
Average : 0.7394

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %
IFC.PR.C FixedReset Ins Non Quote: 18.80 – 20.44
Spot Rate : 1.6400
Average : 1.3256

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %
ENB.PR.J FixedReset Disc Quote: 18.50 – 19.30
Spot Rate : 0.8000
Average : 0.5184

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
Market Action

April 16, 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 -0.4847 % 2,070.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4847 % 4,029.5
Floater 7.45 % 7.99 % 65,093 11.40 3 -0.4847 % 2,322.2
OpRet 0.00 % 0.00 % 0 0.00 0 0.2050 % 3,611.1
SplitShare 4.83 % 5.08 % 70,560 1.77 9 0.2050 % 4,312.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2050 % 3,364.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.7142 % 2,850.6
Perpetual-Discount 6.03 % 6.15 % 61,228 13.73 33 -0.7142 % 3,108.5
FixedReset Disc 5.81 % 7.00 % 131,718 12.49 49 -0.1214 % 2,702.8
Insurance Straight 5.95 % 6.02 % 75,115 13.87 21 0.7100 % 3,043.7
FloatingReset 5.94 % 5.82 % 42,618 14.15 3 0.0641 % 3,462.2
FixedReset Prem 6.43 % 5.72 % 142,702 13.74 10 0.0079 % 2,548.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.1214 % 2,762.8
FixedReset Ins Non 5.81 % 6.42 % 76,230 13.20 12 -0.8028 % 2,710.0
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -20.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 6.25 %
MFC.PR.M FixedReset Ins Non -12.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.44 %
FTS.PR.J Perpetual-Discount -5.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.22 %
ENB.PR.B FixedReset Disc -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 8.04 %
PWF.PR.K Perpetual-Discount -3.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.35 %
BN.PR.M Perpetual-Discount -2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 6.58 %
PWF.PR.A Floater -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 6.81 %
ENB.PR.D FixedReset Disc -2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.45
Evaluated at bid price : 17.45
Bid-YTW : 7.74 %
ENB.PR.H FixedReset Disc -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.82
Evaluated at bid price : 18.82
Bid-YTW : 7.15 %
SLF.PR.E Insurance Straight -2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.17
Evaluated at bid price : 19.17
Bid-YTW : 5.93 %
BN.PF.B FixedReset Disc -1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 7.17 %
ENB.PF.E FixedReset Disc -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.92 %
BN.PR.X FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 15.47
Evaluated at bid price : 15.47
Bid-YTW : 7.65 %
CU.PR.D Perpetual-Discount -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 6.09 %
SLF.PR.D Insurance Straight -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 5.81 %
BN.PF.D Perpetual-Discount -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.49 %
GWO.PR.I Insurance Straight -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 6.05 %
ENB.PR.J FixedReset Disc -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 7.53 %
ENB.PF.K FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.13
Evaluated at bid price : 22.50
Bid-YTW : 6.88 %
BN.PF.C Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.45 %
ENB.PF.G FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 7.84 %
SLF.PR.J FloatingReset -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 6.66 %
POW.PR.D Perpetual-Discount -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.15 %
ENB.PR.Y FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.41
Evaluated at bid price : 17.41
Bid-YTW : 7.73 %
MFC.PR.I FixedReset Ins Non -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.38
Evaluated at bid price : 22.80
Bid-YTW : 6.41 %
ENB.PR.P FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 7.54 %
IFC.PR.E Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.93
Evaluated at bid price : 22.32
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.31
Evaluated at bid price : 22.68
Bid-YTW : 5.99 %
PWF.PR.G Perpetual-Discount 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.68
Evaluated at bid price : 23.95
Bid-YTW : 6.18 %
BN.PF.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 7.35 %
ENB.PR.A Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.17 %
PWF.PR.S Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.08 %
PWF.PR.Z Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.02
Evaluated at bid price : 21.02
Bid-YTW : 6.15 %
FFH.PR.J FloatingReset 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.63
Evaluated at bid price : 23.90
Bid-YTW : 5.82 %
PWF.PR.R Perpetual-Discount 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.24
Evaluated at bid price : 22.51
Bid-YTW : 6.12 %
SLF.PR.G FixedReset Ins Non 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 6.70 %
POW.PR.B Perpetual-Discount 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.91
Evaluated at bid price : 22.15
Bid-YTW : 6.07 %
MFC.PR.C Insurance Straight 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 5.84 %
GWO.PR.S Insurance Straight 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.86
Evaluated at bid price : 22.10
Bid-YTW : 5.99 %
BN.PF.J FixedReset Disc 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.65
Evaluated at bid price : 23.30
Bid-YTW : 6.52 %
BN.PF.I FixedReset Disc 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.26
Evaluated at bid price : 23.60
Bid-YTW : 7.00 %
GWO.PR.G Insurance Straight 3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 6.04 %
ENB.PR.N FixedReset Disc 3.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 7.07 %
PWF.PR.E Perpetual-Discount 3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 6.06 %
MFC.PR.Q FixedReset Ins Non 4.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.42
Evaluated at bid price : 23.00
Bid-YTW : 6.08 %
CCS.PR.C Insurance Straight 18.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 6.07 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PR.T FixedReset Disc 41,366 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.43
Evaluated at bid price : 19.43
Bid-YTW : 7.43 %
BN.PF.I FixedReset Disc 23,690 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.26
Evaluated at bid price : 23.60
Bid-YTW : 7.00 %
CM.PR.Q FixedReset Disc 16,803 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.92
Evaluated at bid price : 24.72
Bid-YTW : 5.69 %
NA.PR.S FixedReset Prem 13,699 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.08
Evaluated at bid price : 24.55
Bid-YTW : 5.54 %
RY.PR.S FixedReset Prem 12,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.45
Evaluated at bid price : 25.60
Bid-YTW : 5.26 %
ENB.PR.F FixedReset Disc 12,513 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.87
Evaluated at bid price : 17.87
Bid-YTW : 7.76 %
There were 3 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
FTS.PR.M FixedReset Disc Quote: 20.40 – 24.80
Spot Rate : 4.4000
Average : 2.7964

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.75 %
GWO.PR.H Insurance Straight Quote: 19.73 – 21.95
Spot Rate : 2.2200
Average : 1.6171

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 6.21 %
PWF.PR.K Perpetual-Discount Quote: 19.60 – 21.90
Spot Rate : 2.3000
Average : 1.7407

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.35 %
BN.PF.G FixedReset Disc Quote: 18.98 – 20.48
Spot Rate : 1.5000
Average : 1.1314

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.98
Evaluated at bid price : 18.98
Bid-YTW : 7.58 %
FTS.PR.J Perpetual-Discount Quote: 19.40 – 20.50
Spot Rate : 1.1000
Average : 0.7465

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.22 %
BN.PR.N Perpetual-Discount Quote: 18.72 – 19.90
Spot Rate : 1.1800
Average : 0.8423

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 6.41 %
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 %