| 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 | 0.4732 % | 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 |
| SLF.PR.D | Insurance Straight | Quote: 24.15 – 24.98 Spot Rate : 0.8300 Average : 0.5197 YTW SCENARIO |
| SLF.PR.G | FixedReset Ins Non | Quote: 11.46 – 12.00 Spot Rate : 0.5400 Average : 0.3381 YTW SCENARIO |
| RY.PR.J | FixedReset Disc | Quote: 20.51 – 21.00 Spot Rate : 0.4900 Average : 0.3087 YTW SCENARIO |
| BAM.PR.M | Perpetual-Discount | Quote: 23.01 – 23.50 Spot Rate : 0.4900 Average : 0.3459 YTW SCENARIO |
| BAM.PF.A | FixedReset Disc | Quote: 18.55 – 18.92 Spot Rate : 0.3700 Average : 0.2471 YTW SCENARIO |
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!
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.