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.
| Issue | Index | DBRS Rating | Monthly Performance | Notes (“Now” means “September 28”) |
| CIU.PR.A | PerpetualDiscount | Pfd-2(high) | -5.27% | Now with a pre-tax bid-YTW of 5.38% based on a bid of 21.55 and a limitMaturity. |
| BNS.PR.M | PerpetualDiscount | Pfd-1 | -5.22% | Now with a pre-tax bid-YTW of 5.18% based on a bid of 21.66 and a limitMaturity. |
| MFC.PR.C | PerpetualDiscount | Pfd-1(low) | -4.35% | Now with a pre-tax bid-YTW of 5.15% based on a bid of 22.00 and a limitMaturity. |
| BNS.PR.L | PerpetualDiscount | Pfd-1 | -4.33% | Now with a pre-tax bid-YTW of 5.17% based on a bid of 21.77 and a limitMaturity. |
| SLF.PR.B | PerpetualDiscount | Pfd-1(low) | -4.33% | Now with a pre-tax bid-YTW of 5.30% based on a bid of 22.76 and a limitMaturity. |
| … | … | … | … | … |
| BCE.PR.B | RatchetRate | Pfd-2(low) Review Negative |
+2.50% | Recent conversion from Fixed-Floater BCE.PR.A |
| GWO.PR.E | OpRet | Pfd-1(low) | +2.72% | Odd. Why would this one do so well? I can think of two possible reasons:
One or the other, anyway. Now with a pre-tax bid-YTW of 3.88% based on a bid of 25.70 and a call 2011-4-30 at 25.00. |
| BNA.PR.B | SplitShare | Pfd-2(low) | +2.87% | Asset Coverage of 3.38:1, according to the company. Rating is constrained by the fact that the underlying asset is shares of BAM.A. Now with a pre-tax bid-YTW of 5.20% based on a bid of 24.70 and a hardMaturity 2016-3-25 at 25.00. |
| BAM.PR.B | Floater | Pfd-2(low) | +2.97% | |
| BAM.PR.G | FixFloat | Pfd-2(low) | +3.19% |
A much more random sample than was the case last month, although two trends stand out:
- PerpetualDiscount issues got hammered (see September Index Performance for more detail on this), and
- some of the Brookfield issues came back from their August thumping.