November 27, 2020

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 0.4732 % 1,825.8
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4732 % 3,350.3
Floater 4.66 % 4.72 % 38,099 15.94 3 0.4732 % 1,930.8
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1009 % 3,586.6
SplitShare 4.83 % 4.43 % 40,510 3.88 9 -0.1009 % 4,283.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1009 % 3,341.9
Perpetual-Premium 5.38 % 2.56 % 70,801 0.08 13 0.1202 % 3,191.6
Perpetual-Discount 5.09 % 5.03 % 78,887 15.16 19 0.1121 % 3,642.8
FixedReset Disc 5.17 % 4.01 % 123,045 16.74 64 0.7501 % 2,238.7
Insurance Straight 5.01 % 4.73 % 94,876 15.15 22 0.0859 % 3,556.8
FloatingReset 1.97 % 2.46 % 43,246 1.16 3 0.0942 % 1,823.3
FixedReset Prem 5.19 % 2.79 % 228,461 0.70 15 0.0486 % 2,671.8
FixedReset Bank Non 1.94 % 2.08 % 175,395 1.16 2 0.0603 % 2,866.5
FixedReset Ins Non 5.28 % 4.06 % 74,709 16.84 22 0.3196 % 2,310.5
Performance Highlights
Issue Index Change Notes
SLF.PR.G FixedReset Ins Non -3.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 11.46
Evaluated at bid price : 11.46
Bid-YTW : 4.02 %
BAM.PR.M Perpetual-Discount -1.62 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 22.72
Evaluated at bid price : 23.01
Bid-YTW : 5.23 %
IFC.PR.A FixedReset Ins Non -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 13.53
Evaluated at bid price : 13.53
Bid-YTW : 4.35 %
TRP.PR.A FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 12.35
Evaluated at bid price : 12.35
Bid-YTW : 5.30 %
TD.PF.C FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 3.74 %
BIP.PR.D FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 23.50
Evaluated at bid price : 23.95
Bid-YTW : 5.20 %
IAF.PR.G FixedReset Ins Non 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 4.31 %
IFC.PR.C FixedReset Ins Non 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 4.31 %
BNS.PR.I FixedReset Disc 1.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 3.74 %
RY.PR.S FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 21.36
Evaluated at bid price : 21.36
Bid-YTW : 3.68 %
CM.PR.O FixedReset Disc 1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.74
Evaluated at bid price : 18.74
Bid-YTW : 3.97 %
BMO.PR.T FixedReset Disc 1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.58
Evaluated at bid price : 18.58
Bid-YTW : 3.86 %
BAM.PF.A FixedReset Disc 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 4.97 %
MFC.PR.K FixedReset Ins Non 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 4.04 %
IAF.PR.I FixedReset Ins Non 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 20.08
Evaluated at bid price : 20.08
Bid-YTW : 4.20 %
TD.PF.B FixedReset Disc 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.25
Evaluated at bid price : 19.25
Bid-YTW : 3.78 %
MFC.PR.J FixedReset Ins Non 1.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 4.11 %
TD.PF.A FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.33
Evaluated at bid price : 19.33
Bid-YTW : 3.75 %
TRP.PR.G FixedReset Disc 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 15.85
Evaluated at bid price : 15.85
Bid-YTW : 5.40 %
RY.PR.H FixedReset Disc 1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.56
Evaluated at bid price : 19.56
Bid-YTW : 3.69 %
CM.PR.P FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 3.82 %
TD.PF.D FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 3.96 %
RY.PR.J FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 3.90 %
RY.PR.Z FixedReset Disc 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.34
Evaluated at bid price : 19.34
Bid-YTW : 3.67 %
PWF.PR.T FixedReset Disc 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 4.32 %
NA.PR.W FixedReset Disc 1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 17.99
Evaluated at bid price : 17.99
Bid-YTW : 4.11 %
BAM.PF.E FixedReset Disc 1.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 15.80
Evaluated at bid price : 15.80
Bid-YTW : 5.05 %
TRP.PR.D FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 5.11 %
RY.PR.M FixedReset Disc 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 3.92 %
BAM.PR.X FixedReset Disc 2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 12.11
Evaluated at bid price : 12.11
Bid-YTW : 4.79 %
BAM.PR.R FixedReset Disc 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 14.36
Evaluated at bid price : 14.36
Bid-YTW : 4.86 %
BAM.PF.F FixedReset Disc 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 17.40
Evaluated at bid price : 17.40
Bid-YTW : 5.06 %
BAM.PR.T FixedReset Disc 2.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 14.45
Evaluated at bid price : 14.45
Bid-YTW : 4.96 %
BAM.PF.B FixedReset Disc 2.91 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 5.01 %
Volume Highlights
Issue Index Shares
Traded
Notes
BNS.PR.G FixedReset Prem 156,570 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2021-07-25
Maturity Price : 25.00
Evaluated at bid price : 25.56
Bid-YTW : 2.79 %
BNS.PR.H FixedReset Prem 63,100 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2022-01-26
Maturity Price : 25.00
Evaluated at bid price : 25.65
Bid-YTW : 2.94 %
SLF.PR.C Insurance Straight 47,860 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 4.59 %
BMO.PR.T FixedReset Disc 45,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.58
Evaluated at bid price : 18.58
Bid-YTW : 3.86 %
PVS.PR.D SplitShare 32,000 YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2021-10-08
Maturity Price : 25.00
Evaluated at bid price : 25.05
Bid-YTW : 4.14 %
BAM.PF.B FixedReset Disc 28,000 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 17.00
Evaluated at bid price : 17.00
Bid-YTW : 5.01 %
There were 26 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
Issue Index Quote Data and Yield Notes
GWO.PR.P Insurance Straight Quote: 25.35 – 26.35
Spot Rate : 1.0000
Average : 0.6204

YTW SCENARIO
Maturity Type : Call
Maturity Date : 2020-12-27
Maturity Price : 25.00
Evaluated at bid price : 25.35
Bid-YTW : -1.36 %

SLF.PR.D Insurance Straight Quote: 24.15 – 24.98
Spot Rate : 0.8300
Average : 0.5197

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 23.91
Evaluated at bid price : 24.15
Bid-YTW : 4.59 %

SLF.PR.G FixedReset Ins Non Quote: 11.46 – 12.00
Spot Rate : 0.5400
Average : 0.3381

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 11.46
Evaluated at bid price : 11.46
Bid-YTW : 4.02 %

RY.PR.J FixedReset Disc Quote: 20.51 – 21.00
Spot Rate : 0.4900
Average : 0.3087

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 20.51
Evaluated at bid price : 20.51
Bid-YTW : 3.90 %

BAM.PR.M Perpetual-Discount Quote: 23.01 – 23.50
Spot Rate : 0.4900
Average : 0.3459

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 22.72
Evaluated at bid price : 23.01
Bid-YTW : 5.23 %

BAM.PF.A FixedReset Disc Quote: 18.55 – 18.92
Spot Rate : 0.3700
Average : 0.2471

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2050-11-27
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 4.97 %

2 Responses to “November 27, 2020”

  1. CanSiamCyp says:

    I received my HSE proxy vote form electronically from BMO NB this AM.

    As a HSE preferred shareholder, I decided to cast my vote against the conversion of HSE prefs to CVE prefs – in accordance with the recommendation by James Hymas. Since the company doesn’t seem interested in redeeming the outstanding HSE prefs, perhaps the inconvenience of having to maintain an HSE rump-subsidiary solely for the prefs will force them to reconsider down the road. One can always hope!

  2. dodoi says:

    I received it as well by snail mail from TD and voted against. What it is curios and I do not know if it a relationship or not is that I also got a phone call yesterday (I do not know how they got my phone #) advising me to vote for. I also just got a phone call from TD but do not know if it is related or not with HSE.

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