| 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 | 0.5556 % | 1,466.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5556 % | 2,691.6 |
| Floater | 5.26 % | 5.54 % | 35,676 | 14.56 | 4 | 0.5556 % | 1,551.2 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4110 % | 3,339.4 |
| SplitShare | 4.97 % | 5.76 % | 65,192 | 3.89 | 7 | 0.4110 % | 3,988.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4110 % | 3,111.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1290 % | 2,880.3 |
| Perpetual-Discount | 5.84 % | 6.05 % | 86,952 | 13.80 | 35 | -0.1290 % | 3,089.4 |
| FixedReset Disc | 6.37 % | 5.24 % | 208,220 | 14.81 | 83 | 0.0851 % | 1,787.0 |
| Deemed-Retractible | 5.59 % | 5.86 % | 94,638 | 13.77 | 27 | 0.0930 % | 3,031.6 |
| FloatingReset | 5.02 % | 5.11 % | 61,480 | 15.28 | 3 | -1.1554 % | 1,757.1 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0851 % | 2,471.4 |
| FixedReset Bank Non | 1.99 % | 3.10 % | 188,145 | 1.70 | 2 | 0.1234 % | 2,775.3 |
| FixedReset Ins Non | 6.60 % | 5.41 % | 123,758 | 14.31 | 22 | 0.3732 % | 1,800.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BIK.PR.A | FixedReset Disc | -6.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 21.03 Evaluated at bid price : 21.03 Bid-YTW : 7.07 % |
| TRP.PR.B | FixedReset Disc | -3.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 7.20 Evaluated at bid price : 7.20 Bid-YTW : 5.88 % |
| BAM.PF.B | FixedReset Disc | -3.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 6.19 % |
| IFC.PR.C | FixedReset Ins Non | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 14.55 Evaluated at bid price : 14.55 Bid-YTW : 5.35 % |
| SLF.PR.J | FloatingReset | -2.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 9.15 Evaluated at bid price : 9.15 Bid-YTW : 4.55 % |
| TRP.PR.E | FixedReset Disc | -2.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 12.90 Evaluated at bid price : 12.90 Bid-YTW : 5.89 % |
| BAM.PR.R | FixedReset Disc | -2.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 11.30 Evaluated at bid price : 11.30 Bid-YTW : 6.09 % |
| BAM.PF.D | Perpetual-Discount | -1.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 20.54 Evaluated at bid price : 20.54 Bid-YTW : 6.05 % |
| MFC.PR.N | FixedReset Ins Non | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 13.80 Evaluated at bid price : 13.80 Bid-YTW : 5.46 % |
| TRP.PR.C | FixedReset Disc | -1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 8.40 Evaluated at bid price : 8.40 Bid-YTW : 5.83 % |
| BIP.PR.E | FixedReset Disc | -1.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.68 % |
| TRP.PR.D | FixedReset Disc | -1.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 12.95 Evaluated at bid price : 12.95 Bid-YTW : 5.92 % |
| GWO.PR.L | Deemed-Retractible | -1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.20 Evaluated at bid price : 23.50 Bid-YTW : 6.08 % |
| BAM.PF.C | Perpetual-Discount | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 6.06 % |
| BAM.PR.M | Perpetual-Discount | -1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 19.97 Evaluated at bid price : 19.97 Bid-YTW : 6.03 % |
| SLF.PR.G | FixedReset Ins Non | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 9.10 Evaluated at bid price : 9.10 Bid-YTW : 5.01 % |
| BNS.PR.H | FixedReset Disc | 1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.05 Evaluated at bid price : 23.44 Bid-YTW : 4.92 % |
| CM.PR.P | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 14.43 Evaluated at bid price : 14.43 Bid-YTW : 5.21 % |
| BMO.PR.B | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 22.65 Evaluated at bid price : 23.01 Bid-YTW : 4.86 % |
| EIT.PR.A | SplitShare | 1.16 % | YTW SCENARIO Maturity Type : Soft Maturity Maturity Date : 2024-03-14 Maturity Price : 25.00 Evaluated at bid price : 24.38 Bid-YTW : 5.76 % |
| MFC.PR.K | FixedReset Ins Non | 1.20 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 14.35 Evaluated at bid price : 14.35 Bid-YTW : 5.25 % |
| TD.PF.G | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 24.47 Evaluated at bid price : 24.85 Bid-YTW : 5.12 % |
| IAF.PR.I | FixedReset Ins Non | 1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 16.05 Evaluated at bid price : 16.05 Bid-YTW : 5.41 % |
| TD.PF.H | FixedReset Disc | 1.28 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 22.59 Evaluated at bid price : 23.00 Bid-YTW : 4.95 % |
| MFC.PR.I | FixedReset Ins Non | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 15.66 Evaluated at bid price : 15.66 Bid-YTW : 5.53 % |
| PWF.PR.A | Floater | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 9.18 Evaluated at bid price : 9.18 Bid-YTW : 4.67 % |
| W.PR.M | FixedReset Disc | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.50 Evaluated at bid price : 23.93 Bid-YTW : 5.47 % |
| MFC.PR.Q | FixedReset Ins Non | 1.75 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 5.28 % |
| MFC.PR.O | FixedReset Ins Non | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 24.31 Evaluated at bid price : 24.70 Bid-YTW : 5.51 % |
| EML.PR.A | FixedReset Ins Non | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.65 Evaluated at bid price : 24.19 Bid-YTW : 5.61 % |
| W.PR.K | FixedReset Disc | 2.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.50 Evaluated at bid price : 24.15 Bid-YTW : 5.46 % |
| TD.PF.M | FixedReset Disc | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.07 % |
| GWO.PR.N | FixedReset Ins Non | 2.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 9.50 Evaluated at bid price : 9.50 Bid-YTW : 4.54 % |
| BAM.PR.T | FixedReset Disc | 2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 11.73 Evaluated at bid price : 11.73 Bid-YTW : 6.04 % |
| PWF.PR.P | FixedReset Disc | 2.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 9.75 Evaluated at bid price : 9.75 Bid-YTW : 5.18 % |
| IAF.PR.B | Deemed-Retractible | 4.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.79 % |
| BAM.PF.E | FixedReset Disc | 4.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 12.67 Evaluated at bid price : 12.67 Bid-YTW : 6.29 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.G | FixedReset Ins Non | 126,837 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 15.29 Evaluated at bid price : 15.29 Bid-YTW : 5.56 % |
| NA.PR.S | FixedReset Disc | 116,613 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 14.85 Evaluated at bid price : 14.85 Bid-YTW : 5.19 % |
| MFC.PR.Q | FixedReset Ins Non | 100,696 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 15.70 Evaluated at bid price : 15.70 Bid-YTW : 5.28 % |
| TD.PF.E | FixedReset Disc | 77,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 16.28 Evaluated at bid price : 16.28 Bid-YTW : 5.07 % |
| CM.PR.S | FixedReset Disc | 68,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 15.50 Evaluated at bid price : 15.50 Bid-YTW : 5.06 % |
| RY.PR.R | FixedReset Disc | 66,550 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-05-06 Maturity Price : 23.81 Evaluated at bid price : 25.02 Bid-YTW : 5.15 % |
| There were 30 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| SLF.PR.H | FixedReset Ins Non | Quote: 12.50 – 15.90 Spot Rate : 3.4000 Average : 1.9008 YTW SCENARIO |
| MFC.PR.I | FixedReset Ins Non | Quote: 15.66 – 18.00 Spot Rate : 2.3400 Average : 1.3957 YTW SCENARIO |
| BIK.PR.A | FixedReset Disc | Quote: 21.03 – 22.77 Spot Rate : 1.7400 Average : 1.0085 YTW SCENARIO |
| TRP.PR.G | FixedReset Disc | Quote: 14.37 – 16.22 Spot Rate : 1.8500 Average : 1.2057 YTW SCENARIO |
| PWF.PR.T | FixedReset Disc | Quote: 13.85 – 15.20 Spot Rate : 1.3500 Average : 0.7611 YTW SCENARIO |
| MFC.PR.G | FixedReset Ins Non | Quote: 15.29 – 16.50 Spot Rate : 1.2100 Average : 0.7469 YTW SCENARIO |
The dundee preferreds should have a good day tomorrow, Their shares will be fully backed by cash once the offering of the DPM shares goes through. If the warrants are exercised then the preferreds will be covered 2 times over by cash.