| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | 1.1615 % | 2,075.2 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.1615 % | 3,807.9 |
| Floater | 5.88 % | 6.03 % | 57,140 | 13.87 | 4 | 1.1615 % | 2,194.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1571 % | 3,443.1 |
| SplitShare | 4.63 % | 4.27 % | 39,438 | 3.81 | 7 | 0.1571 % | 4,111.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1571 % | 3,208.2 |
| Perpetual-Premium | 5.57 % | -6.82 % | 68,037 | 0.09 | 10 | 0.0362 % | 3,040.7 |
| Perpetual-Discount | 5.28 % | 5.36 % | 72,783 | 14.84 | 25 | 0.0630 % | 3,285.2 |
| FixedReset Disc | 5.49 % | 5.76 % | 225,481 | 14.26 | 66 | -0.1746 % | 2,149.5 |
| Deemed-Retractible | 5.17 % | 5.26 % | 71,939 | 14.93 | 27 | 0.1110 % | 3,230.5 |
| FloatingReset | 6.19 % | 6.47 % | 140,728 | 13.25 | 2 | -1.0619 % | 2,502.1 |
| FixedReset Prem | 5.08 % | 3.35 % | 154,556 | 1.51 | 20 | 0.1766 % | 2,650.1 |
| FixedReset Bank Non | 1.94 % | 3.74 % | 68,483 | 2.04 | 3 | 0.2049 % | 2,726.9 |
| FixedReset Ins Non | 5.39 % | 5.71 % | 156,835 | 14.27 | 22 | -0.1500 % | 2,178.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TRP.PR.A | FixedReset Disc | -2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 14.50 Evaluated at bid price : 14.50 Bid-YTW : 6.14 % |
| TRP.PR.F | FloatingReset | -1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 13.97 Evaluated at bid price : 13.97 Bid-YTW : 6.47 % |
| CM.PR.S | FixedReset Disc | -1.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 5.83 % |
| TRP.PR.B | FixedReset Disc | -1.51 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 11.78 Evaluated at bid price : 11.78 Bid-YTW : 6.16 % |
| TD.PF.K | FixedReset Disc | -1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 19.21 Evaluated at bid price : 19.21 Bid-YTW : 5.74 % |
| RY.PR.J | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 5.70 % |
| IFC.PR.G | FixedReset Ins Non | -1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 5.91 % |
| MFC.PR.Q | FixedReset Ins Non | -1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 19.42 Evaluated at bid price : 19.42 Bid-YTW : 5.55 % |
| RY.PR.S | FixedReset Disc | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.53 % |
| TD.PF.I | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 20.78 Evaluated at bid price : 20.78 Bid-YTW : 5.64 % |
| W.PR.K | FixedReset Prem | 1.13 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-01-15 Maturity Price : 25.00 Evaluated at bid price : 26.02 Bid-YTW : 2.30 % |
| EIT.PR.A | SplitShare | 1.26 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 25.72 Bid-YTW : 4.10 % |
| PWF.PR.A | Floater | 1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 12.71 Evaluated at bid price : 12.71 Bid-YTW : 5.51 % |
| BAM.PR.C | Floater | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 11.46 Evaluated at bid price : 11.46 Bid-YTW : 6.05 % |
| GWO.PR.N | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 13.58 Evaluated at bid price : 13.58 Bid-YTW : 5.33 % |
| PWF.PR.T | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 18.24 Evaluated at bid price : 18.24 Bid-YTW : 5.64 % |
| BAM.PR.K | Floater | 1.77 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 11.50 Evaluated at bid price : 11.50 Bid-YTW : 6.03 % |
| HSE.PR.A | FixedReset Disc | 1.82 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 11.76 Evaluated at bid price : 11.76 Bid-YTW : 7.01 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.C | FixedReset Disc | 93,347 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 17.34 Evaluated at bid price : 17.34 Bid-YTW : 5.67 % |
| TD.PF.A | FixedReset Disc | 59,287 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 17.12 Evaluated at bid price : 17.12 Bid-YTW : 5.65 % |
| TD.PF.H | FixedReset Prem | 50,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.85 Bid-YTW : 3.35 % |
| RY.PR.S | FixedReset Disc | 34,603 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 19.20 Evaluated at bid price : 19.20 Bid-YTW : 5.53 % |
| IAF.PR.G | FixedReset Ins Non | 34,536 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2049-12-23 Maturity Price : 18.77 Evaluated at bid price : 18.77 Bid-YTW : 5.85 % |
| MFC.PR.O | FixedReset Ins Non | 33,250 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.70 Bid-YTW : 3.72 % |
| There were 52 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BAM.PF.F | FixedReset Disc | Quote: 18.25 – 18.87 Spot Rate : 0.6200 Average : 0.3646 YTW SCENARIO |
| HSE.PR.G | FixedReset Disc | Quote: 18.20 – 18.84 Spot Rate : 0.6400 Average : 0.4555 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 21.55 – 22.11 Spot Rate : 0.5600 Average : 0.4098 YTW SCENARIO |
| PWF.PR.P | FixedReset Disc | Quote: 13.62 – 14.10 Spot Rate : 0.4800 Average : 0.3405 YTW SCENARIO |
| PVS.PR.G | SplitShare | Quote: 25.61 – 26.00 Spot Rate : 0.3900 Average : 0.2661 YTW SCENARIO |
| TD.PF.J | FixedReset Disc | Quote: 19.58 – 19.95 Spot Rate : 0.3700 Average : 0.2507 YTW SCENARIO |
Didn’t find a better place for this, but it seems that the stock options ‘loophole’ that was a major policy promise of both the liberals and the NDP has been pushed into the abeyance bucket once again.
https://www.investmentexecutive.com/news/industry-news/liberals-put-changes-to-employee-stock-option-deductions-on-hold/
Given that this change would have impacted a couple of thousand individuals at most, it is clear where this and pretty much all the governments are beholden to.
Which in a strange way is great news. If the government can’t implement the changes that impact such a small number of influential and rich people, how can they screw up the Capital Gains and Dividend Tax Regime which will have impact on tens of thousands of very rich, powerful and connected people. At least, that’s the way I am reading this.
IMHO, before they change the Dividend Taxation Regime, we’ll likely see a higher rate of GST and a couple of notches of credit downgrades. Well, that’s my Christmas Wish!