HIMIPref™ Index Rebalancing: October 2008

HIMI Index Changes, October 31, 2008
Issue From To Because
PWF.PR.D Scraps OpRet Volume
CL.PR.B PerpetualPremium PerpetualDiscount Price

There were the following intra-month changes:

HIMI Index Changes during October 2008
Issue Action Index Because
CGI.PR.A Delete Scraps Redeemed
IQW.PR.C Delete Scraps Price

After the precipituous decline in price of CL.PR.B over the month, it has been transferred to the PerpetualDiscount index from PerpetualPremium. There are now no more PerpetualPremium issues left … and don’t count on a new one in the near future, because the highest priced PerpetualDiscount right now is CU.PR.A, with a pre-tax bid-YTW of 6.35% based on a bid of 23.25 and a limitMaturity.

This entry was posted on Sunday, November 2nd, 2008 at 7:39 pm and is filed under Index Construction / Reporting. 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.

2 Responses to “HIMIPref™ Index Rebalancing: October 2008”

  1. PrefBlog » Blog Archive » HIMIPref™ Index Rebalancing: July 2009 says:
    July 31, 2009 at 10:28 pm

    […] long last, the PerpetualPremium index has members again! It disappeared at the October 2008 Rebalancing, when CL.PR.B fell below 25.00. That issue nearly made it back into premium territory this month, […]

  2. PrefBlog » Blog Archive » HIMIPref™ Index Rebalancing: August 2009 says:
    September 1, 2009 at 12:40 pm

    […] PerpetualPremium index is filling up nicely and now has twelve members! It disappeared at the October 2008 Rebalancing, when CL.PR.B fell below […]

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