| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
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| 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 | -1.1663 % | 2,948.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.1663 % | 5,410.8 |
| Floater | 3.39 % | 3.64 % | 68,018 | 18.13 | 4 | -1.1663 % | 3,118.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0715 % | 3,176.9 |
| SplitShare | 4.62 % | 4.63 % | 79,218 | 5.04 | 5 | -0.0715 % | 3,793.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0715 % | 2,960.2 |
| Perpetual-Premium | 5.63 % | -3.49 % | 65,067 | 0.09 | 9 | 0.0480 % | 2,874.5 |
| Perpetual-Discount | 5.41 % | 5.51 % | 62,226 | 14.60 | 26 | 0.0693 % | 2,942.1 |
| FixedReset | 4.32 % | 4.71 % | 160,863 | 5.69 | 105 | 0.0684 % | 2,531.4 |
| Deemed-Retractible | 5.19 % | 5.75 % | 74,964 | 5.59 | 27 | -0.0947 % | 2,940.4 |
| FloatingReset | 3.18 % | 3.90 % | 34,571 | 3.48 | 9 | 0.1658 % | 2,782.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IAG.PR.I | FixedReset | -2.99 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.90 Bid-YTW : 5.59 % |
| BAM.PR.C | Floater | -1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 16.73 Evaluated at bid price : 16.73 Bid-YTW : 3.65 % |
| BAM.PR.B | Floater | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 16.70 Evaluated at bid price : 16.70 Bid-YTW : 3.65 % |
| BAM.PR.K | Floater | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 3.64 % |
| MFC.PR.G | FixedReset | 1.04 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-12-19 Maturity Price : 25.00 Evaluated at bid price : 24.35 Bid-YTW : 4.65 % |
| TRP.PR.C | FixedReset | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 17.68 Evaluated at bid price : 17.68 Bid-YTW : 4.97 % |
| SLF.PR.G | FixedReset | 1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.48 Bid-YTW : 7.37 % |
| TRP.PR.A | FixedReset | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 4.98 % |
| BAM.PF.E | FixedReset | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 23.03 Evaluated at bid price : 23.40 Bid-YTW : 5.05 % |
| PWF.PR.P | FixedReset | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 19.40 Evaluated at bid price : 19.40 Bid-YTW : 4.59 % |
| GWO.PR.N | FixedReset | 3.39 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.24 Bid-YTW : 7.29 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| EMA.PR.H | FixedReset | 260,654 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 23.14 Evaluated at bid price : 24.97 Bid-YTW : 4.67 % |
| CM.PR.O | FixedReset | 104,732 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-01 Maturity Price : 22.96 Evaluated at bid price : 23.47 Bid-YTW : 4.74 % |
| SLF.PR.G | FixedReset | 75,900 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.48 Bid-YTW : 7.37 % |
| HSE.PR.E | FixedReset | 65,766 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 4.96 % |
| TRP.PR.K | FixedReset | 42,132 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.63 Bid-YTW : 4.24 % |
| IFC.PR.G | FixedReset | 41,143 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.56 Bid-YTW : 5.26 % |
| There were 14 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| IAG.PR.I | FixedReset | Quote: 23.90 – 24.90 Spot Rate : 1.0000 Average : 0.5533 YTW SCENARIO |
| TRP.PR.D | FixedReset | Quote: 22.81 – 23.20 Spot Rate : 0.3900 Average : 0.2615 YTW SCENARIO |
| MFC.PR.G | FixedReset | Quote: 24.35 – 24.75 Spot Rate : 0.4000 Average : 0.2741 YTW SCENARIO |
| ELF.PR.H | Perpetual-Discount | Quote: 24.96 – 25.25 Spot Rate : 0.2900 Average : 0.1961 YTW SCENARIO |
| MFC.PR.L | FixedReset | Quote: 22.60 – 22.86 Spot Rate : 0.2600 Average : 0.1716 YTW SCENARIO |
| MFC.PR.I | FixedReset | Quote: 24.63 – 24.92 Spot Rate : 0.2900 Average : 0.2115 YTW SCENARIO |
James, I know your busy, however, any comment on the latest from NA on may 31st, or more likely did I miss it.
https://www.nbc.ca/en/about-us/news/news-room/press-releases/2018/20180531-Banque-Nationale-annonce-emission-actions-privilegiees-FPUNV.html
Sorry James, just now saw another request from FlectherLynd.
In the words of Emily Litella… Never mind.
Sorry, month-end got a little busy!
I have now commented on the issue.