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 “December 31”) |
| BAM.PR.B | Floater | Pfd-2(low) | -15.01% | Hideous performance in November (-10.60%) is now followed up with even worse performance in December. |
| BAM.PR.K | Floater | Pfd-2(low) | -14.29% | Another BAM issue that performed appallingly in November (-9.68%), although it is not clear to me whether the critical factor is “BAM” or “Floater”. |
| BSD.PR.A | InterestBearing | Pfd-2 | -8.00% | Asset coverage of just under 1.7:1 as of December 28, according to the company. Now with a pre-tax bid-YTW of 7.77% (mostly as interest) based on a bid of 9.09 and a hardMaturity 2015-3-31 at 10.00. Dividends on the Capital Stock have been reduced, which should help this issue’s asset coverage going forward. This issue has now fallen back from its superb performance (+5.94%) in November. |
| CM.PR.J | PerpetualDiscount | Pfd-1(low) | -5.52% | Now with a pre-tax bid-YTW of 5.82% based on a bid of 19.37 and a limitMaturity. |
| W.PR.H | PerpetualDiscount | Pfd-2(low) | -4.37% | Now with a pre-tax bid-YTW of 6.08% based on a bid of 22.61 and a limitMaturity. |
| … | … | … | … | … |
| PWF.PR.L | PerpetualDiscount | Pfd-1(low) | +7.36% | Now with a pre-tax bid-YTW of 5.41% based on a bid of 23.92 and a limitMaturity. |
| POW.PR.D | PerpetualDiscount | Pfd-2(high) | +7.93% | Now with a pre-tax bid-YTW of 5.36% based on a bid of 23.36 and a limitMaturity. |
| BAM.PR.N | PerpetualDiscount | Pfd-2(low) | +8.60% | Now with a pre-tax bid-YTW of 6.38% based on a bid of 18.76 and a limitMaturity. |
| ELF.PR.F | PerpetualDiscount | Pfd-2(low) | +8.64% | Now with a pre-tax bid-YTW of 6.46% based on a bid of 20.60 and a limitMaturity. This was one of November’s worst performers (-11.20%), so this improvement represents something of a bounce. |
| ELF.PR.G | PerpetualDiscount | Pfd-2(low) | +6.21% | Now with a pre-tax bid-YTW of 6.21% based on a bid of 19.20 and a limitMaturity. Just as with ELF.PR.F, above, this performance represents a bounce from November’s return of -14.21%. |
[…] be somewhat volatile – they both made the January 08 Best Performers’ List, while W.PR.H made December 07’s Worst. W.PR.H was transfered to the PerpetualDiscount index in the October 07 […]