These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
| July 2010 |
| Issue |
Index |
DBRS Rating |
Monthly Performance |
Notes (“Now” means “July 30”) |
| TRI.PR.B |
Floater |
Pfd-2(low) |
-1.06% |
|
| BAM.PR.H |
OpRet |
Pfd-2(low) |
-1.04% |
Now with a pre-tax bid-YTW of 1.21% based on a bid of 25.65 and a call 2010-10-30 at 25.25. |
| BAM.PR.J |
OpRet |
Pfd-2(low) |
-1.02% |
Recently deleted from TXPR. Now with a pre-tax bid-YTW of 4.82% based on a bid of 26.08 and a softMaturity 2018-3-30. |
| BAM.PR.O |
OpRet |
Pfd-2(low) |
-0.39% |
Now with a pre-tax bid-YTW of 4.08% based on a bid of 25.75 and optionCertainty 2013-6-30 at 25.00. |
| IAG.PR.E |
Perpetual-Discount |
Pfd-2(high) |
-0.32% |
Recently deleted from TXPR. Now with a pre-tax bid-YTW of 6.10% based on a bid of 24.88 and a limitMaturity. |
| … |
… |
… |
… |
… |
| RY.PR.W |
Perpetual-Discount |
Pfd-1(low) |
+4.71% |
Now with a pre-tax bid-TTW of 5.58% based on a bid of 21.95 and a limitMaturity. |
| BAM.PR.M |
Perpetual-Discount |
Pfd-2(low) |
+5.18% |
The third-best performer in June. Now with a pre-tax bid-TTW of 6.30% based on a bid of 19.10 and a limitMaturity. |
| GWO.PR.J |
FixedReset |
Pfd-1(low) |
+5.36% |
The third-worst performer in June, which was due to a disappearing bid and lackadaisical market-making. Now with a pre-tax bid-TTW of 3.36% based on a bid of 27.31 and a call 2014-1-30 at 25.00.. |
| ELF.PR.F |
Perpetual-Discount |
Pfd-2(low) |
+5.36% |
Now with a pre-tax bid-TTW of 6.42% based on a bid of 20.87 and a limitMaturity. |
| BAM.PR.N |
Perpetual-Discount |
Pfd-2(low) |
+5.74% |
Now with a pre-tax bid-YTW of 6.34% based on a bid of 18.99 and a limitMaturity. |
It’s interesting to see the BAM OpRet issues dominating the lower end of the monthly returns …. one is tempted to think that BAM.PR.J declined due to the TXPR rebalancing, and the other OpRets went down due to swaps triggered by the initial decline.
This entry was posted on Sunday, August 1st, 2010 at 10:21 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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Best & Worst Performers: July 2010
These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
It’s interesting to see the BAM OpRet issues dominating the lower end of the monthly returns …. one is tempted to think that BAM.PR.J declined due to the TXPR rebalancing, and the other OpRets went down due to swaps triggered by the initial decline.
This entry was posted on Sunday, August 1st, 2010 at 10:21 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.