| 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 | -0.1563 % | 2,167.6 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1563 % | 3,977.4 |
| Floater | 5.41 % | 5.65 % | 25,508 | 14.33 | 4 | -0.1563 % | 2,292.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0696 % | 3,269.1 |
| SplitShare | 4.89 % | 4.71 % | 65,648 | 3.93 | 8 | -0.0696 % | 3,904.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0696 % | 3,046.1 |
| Perpetual-Premium | 5.81 % | -6.23 % | 80,457 | 0.08 | 4 | 0.0887 % | 2,911.3 |
| Perpetual-Discount | 5.51 % | 5.67 % | 69,482 | 14.29 | 31 | 0.0666 % | 3,017.7 |
| FixedReset Disc | 5.19 % | 5.48 % | 206,362 | 14.69 | 65 | -0.6900 % | 2,191.4 |
| Deemed-Retractible | 5.34 % | 6.22 % | 94,674 | 8.19 | 27 | -0.2095 % | 2,998.7 |
| FloatingReset | 4.39 % | 5.71 % | 51,416 | 8.53 | 6 | -0.3018 % | 2,420.4 |
| FixedReset Prem | 5.11 % | 4.20 % | 309,466 | 2.22 | 18 | -0.0952 % | 2,547.0 |
| FixedReset Bank Non | 1.98 % | 4.24 % | 157,464 | 2.79 | 3 | -0.0556 % | 2,633.4 |
| FixedReset Ins Non | 5.07 % | 6.86 % | 135,410 | 8.27 | 22 | -0.8872 % | 2,217.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.J | FixedReset Ins Non | -5.52 % | >A nonsensical quote provided at high cost by Nonsense Central, as the issue traded 2,900 shares today in a range of 20.67-85 before being quoted at no bid, 20.70 offered. The closing price was 20.70.
For analytical purposes, I put in a spread of $1.00 when only one side of the market is quoted. This has its faults, but is better than the no-price-at-all provided by the Exchange! I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| VNR.PR.A | FixedReset Disc | -5.09 % | A nonsensical quote provided at high cost by Nonsense Central, as the issue traded a whopping 300 shares today in a range of 22.25-35 before being quoted at no bid, 22.25 offered. The closing price was 22.25.
For analytical purposes, I put in a spread of $1.00 when only one side of the market is quoted. This has its faults, but is better than the no-price-at-all provided by the Exchange! I have not checked whether the lamentable state of the quote is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | -4.00 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 18.72 Bid-YTW : 7.69 % |
| MFC.PR.N | FixedReset Ins Non | -3.26 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.81 Bid-YTW : 8.10 % |
| TRP.PR.G | FixedReset Disc | -2.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 19.50 Evaluated at bid price : 19.50 Bid-YTW : 6.00 % |
| BAM.PF.J | FixedReset Disc | -2.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 22.62 Evaluated at bid price : 23.48 Bid-YTW : 5.22 % |
| MFC.PR.F | FixedReset Ins Non | -2.52 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 14.33 Bid-YTW : 9.23 % |
| MFC.PR.L | FixedReset Ins Non | -2.24 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 17.45 Bid-YTW : 8.22 % |
| BAM.PR.Z | FixedReset Disc | -2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 20.06 Evaluated at bid price : 20.06 Bid-YTW : 6.02 % |
| BMO.PR.Y | FixedReset Disc | -2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 5.45 % |
| TD.PF.B | FixedReset Disc | -1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 18.85 Evaluated at bid price : 18.85 Bid-YTW : 5.45 % |
| HSE.PR.A | FixedReset Disc | -1.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 13.05 Evaluated at bid price : 13.05 Bid-YTW : 6.58 % |
| TD.PF.C | FixedReset Disc | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 18.95 Evaluated at bid price : 18.95 Bid-YTW : 5.38 % |
| RY.PR.S | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 21.85 Evaluated at bid price : 22.30 Bid-YTW : 4.87 % |
| BAM.PR.B | Floater | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 12.40 Evaluated at bid price : 12.40 Bid-YTW : 5.67 % |
| TRP.PR.C | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 13.60 Evaluated at bid price : 13.60 Bid-YTW : 5.97 % |
| BIP.PR.F | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 6.09 % |
| IFC.PR.E | Deemed-Retractible | -1.41 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.15 Bid-YTW : 6.31 % |
| RY.PR.J | FixedReset Disc | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 5.33 % |
| BNS.PR.I | FixedReset Disc | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 22.22 Evaluated at bid price : 22.89 Bid-YTW : 4.82 % |
| TRP.PR.H | FloatingReset | -1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 5.90 % |
| BMO.PR.T | FixedReset Disc | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 18.64 Evaluated at bid price : 18.64 Bid-YTW : 5.45 % |
| MFC.PR.K | FixedReset Ins Non | -1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.16 Bid-YTW : 7.38 % |
| BMO.PR.E | FixedReset Disc | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 22.02 Evaluated at bid price : 22.55 Bid-YTW : 5.07 % |
| BMO.PR.D | FixedReset Disc | -1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 22.33 Evaluated at bid price : 22.90 Bid-YTW : 5.31 % |
| BAM.PR.X | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 5.95 % |
| HSE.PR.C | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 19.13 Evaluated at bid price : 19.13 Bid-YTW : 6.54 % |
| TD.PF.D | FixedReset Disc | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 20.88 Evaluated at bid price : 20.88 Bid-YTW : 5.46 % |
| TD.PF.K | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 21.86 Evaluated at bid price : 22.30 Bid-YTW : 5.05 % |
| BAM.PF.E | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 18.35 Evaluated at bid price : 18.35 Bid-YTW : 6.04 % |
| CCS.PR.C | Deemed-Retractible | -1.05 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.56 Bid-YTW : 6.24 % |
| CU.PR.H | Perpetual-Discount | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 24.35 Evaluated at bid price : 24.85 Bid-YTW : 5.29 % |
| MFC.PR.H | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.27 Bid-YTW : 6.12 % |
| HSE.PR.G | FixedReset Disc | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 19.85 Evaluated at bid price : 19.85 Bid-YTW : 6.75 % |
| TRP.PR.A | FixedReset Disc | 5.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 15.20 Evaluated at bid price : 15.20 Bid-YTW : 6.09 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.K | FixedReset Disc | 262,191 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.00 Bid-YTW : 4.97 % |
| IAF.PR.B | Deemed-Retractible | 119,215 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.78 Bid-YTW : 6.82 % |
| EMA.PR.H | FixedReset Disc | 99,491 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 22.43 Evaluated at bid price : 23.22 Bid-YTW : 5.28 % |
| BAM.PF.H | FixedReset Prem | 61,450 | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-12-31 Maturity Price : 25.00 Evaluated at bid price : 25.41 Bid-YTW : 4.60 % |
| NA.PR.X | FixedReset Prem | 60,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-05-15 Maturity Price : 25.00 Evaluated at bid price : 25.74 Bid-YTW : 4.34 % |
| BMO.PR.Y | FixedReset Disc | 54,830 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-03-07 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 5.45 % |
| There were 27 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.L | FixedReset Ins Non | Quote: 17.45 – 18.78 Spot Rate : 1.3300 Average : 0.9157 YTW SCENARIO |
| MFC.PR.J | FixedReset Ins Non | Quote: 19.70 – 20.70 Spot Rate : 1.0000 Average : 0.6286 YTW SCENARIO |
| MFC.PR.F | FixedReset Ins Non | Quote: 14.33 – 15.49 Spot Rate : 1.1600 Average : 0.8342 YTW SCENARIO |
| IFC.PR.E | Deemed-Retractible | Quote: 23.15 – 24.00 Spot Rate : 0.8500 Average : 0.5830 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 18.72 – 19.31 Spot Rate : 0.5900 Average : 0.3503 YTW SCENARIO |
| TRP.PR.G | FixedReset Disc | Quote: 19.50 – 20.14 Spot Rate : 0.6400 Average : 0.4153 YTW SCENARIO |