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 “October 31”) |
ELF.PR.F | PerpetualDiscount | Pfd-2(low) | -11.43% | Now with a pre-tax bid-YTW of 6.15% based on a bid of 21.70 and a limitMaturity. |
GWO.PR.I | PerpetualDiscount | Pfd-1(low) | -9.77% | Now with a pre-tax bid-YTW of 5.71% based on a bid of 19.95 and a limitMaturity. |
IAG.PR.A | PerpetualDiscount | Pfd-2(high) | -9.55% | Now with a pre-tax bid-YTW of 5.72% based on a bid of 20.36 and a limitMaturity. |
SLF.PR.E | PerpetualDiscount | Pfd-1(low) | -9.48% | Now with a pre-tax bid-YTW of 5.66% based on a bid of 20.15 and a limitMaturity. |
GWO.PR.H | PerpetualDiscount | Pfd-1(low) | -9.09% | Now with a pre-tax bid-YTW of 5.85% based on a bid of 21.01 and a limitMaturity. |
… | … | … | … | … |
BNA.PR.A | SplitShare | Pfd-2(low) | +1.43% | Assect coverage of 3.8+:1 as of July 31, according to the company. Now with a pre-tax bid-YTW of 5.65% based on a bid of 25.62 and a call 2008-10-31 at 25.25 |
PWF.PR.G | PerpetualPremium | Pfd-1(low) | +1.43% | Now with a pre-tax bid-YTW of 5.58% based on a bid of 25.30 and a call 2011-8-16 at 25.00. |
BCE.PR.C | FixedFloater | Pfd-2(low)
Review Negative |
+1.49% | |
BAM.PR.H | OpRet | Pfd-2(low) | +2.37% | Now with a pre-tax bid-YTW of 5.00% based on a bid of 25.90 and a softMaturity 2012-3-30 at 25.00. |
BSD.PR.A | InterestBearing | Pfd-2 | +4.64% | Asset coverage of just under 1.8:1 according to Brookfield Funds. Now with a pre-tax bid-YTW of 7.12% (mostly as interest) based on a bid of 9.47 and a hardMaturity 2015-3-31 at 10.00. Performance may have gotten a lift from the pending retraction feature; the capital units are trading fairly close to their NAV, but the NAV is after a $10 allowance on the preferreds. |
The variance of returns was even more bizarre this month than it was in September!