Well, that’s another year wrapped up … what a wild one, from the depths of March to the peaks of December!
| 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 | -0.3741 % | 1,888.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3741 % | 3,466.1 |
| Floater | 4.60 % | 4.56 % | 76,381 | 16.31 | 2 | -0.3741 % | 1,997.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0913 % | 3,628.2 |
| SplitShare | 4.78 % | 4.33 % | 40,030 | 3.79 | 9 | 0.0913 % | 4,332.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0913 % | 3,380.6 |
| Perpetual-Premium | 5.33 % | 0.27 % | 68,102 | 0.09 | 19 | 0.1343 % | 3,211.1 |
| Perpetual-Discount | 4.99 % | 5.01 % | 71,335 | 15.40 | 12 | 0.0549 % | 3,685.5 |
| FixedReset Disc | 5.01 % | 3.87 % | 144,284 | 17.30 | 56 | 0.5268 % | 2,335.9 |
| Insurance Straight | 5.05 % | 4.81 % | 88,002 | 15.40 | 22 | 0.1694 % | 3,561.1 |
| FloatingReset | 1.90 % | 1.89 % | 35,413 | 1.07 | 3 | 0.1637 % | 1,857.0 |
| FixedReset Prem | 5.15 % | 3.10 % | 209,365 | 0.81 | 22 | 0.1092 % | 2,682.8 |
| FixedReset Bank Non | 1.93 % | 1.79 % | 165,198 | 1.07 | 2 | 0.0599 % | 2,883.2 |
| FixedReset Ins Non | 5.01 % | 3.85 % | 91,366 | 17.33 | 22 | 1.2552 % | 2,432.2 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.K | Floater | -1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 9.21 Evaluated at bid price : 9.21 Bid-YTW : 4.66 % |
| MFC.PR.F | FixedReset Ins Non | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 12.00 Evaluated at bid price : 12.00 Bid-YTW : 3.85 % |
| NA.PR.E | FixedReset Disc | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 20.82 Evaluated at bid price : 20.82 Bid-YTW : 3.88 % |
| MFC.PR.L | FixedReset Ins Non | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 18.18 Evaluated at bid price : 18.18 Bid-YTW : 3.86 % |
| BAM.PR.X | FixedReset Disc | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 12.30 Evaluated at bid price : 12.30 Bid-YTW : 4.62 % |
| TRP.PR.B | FixedReset Disc | 1.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 9.50 Evaluated at bid price : 9.50 Bid-YTW : 4.50 % |
| IFC.PR.A | FixedReset Ins Non | 1.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 15.44 Evaluated at bid price : 15.44 Bid-YTW : 3.68 % |
| BAM.PF.G | FixedReset Disc | 2.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 16.87 Evaluated at bid price : 16.87 Bid-YTW : 4.86 % |
| RY.PR.H | FixedReset Disc | 2.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 3.39 % |
| SLF.PR.H | FixedReset Ins Non | 3.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 17.84 Evaluated at bid price : 17.84 Bid-YTW : 3.66 % |
| MFC.PR.G | FixedReset Ins Non | 6.83 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 21.87 Evaluated at bid price : 22.38 Bid-YTW : 3.72 % |
| IAF.PR.G | FixedReset Ins Non | 8.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 20.64 Evaluated at bid price : 20.64 Bid-YTW : 4.03 % |
| TRP.PR.D | FixedReset Disc | 12.60 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 15.10 Evaluated at bid price : 15.10 Bid-YTW : 4.97 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CU.PR.E | Perpetual-Discount | 37,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 24.60 Evaluated at bid price : 24.85 Bid-YTW : 4.97 % |
| BNS.PR.G | FixedReset Prem | 27,525 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-07-25 Maturity Price : 25.00 Evaluated at bid price : 25.63 Bid-YTW : 2.76 % |
| GWO.PR.L | Insurance Straight | 24,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.33 Bid-YTW : -10.07 % |
| MFC.PR.G | FixedReset Ins Non | 17,832 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 21.87 Evaluated at bid price : 22.38 Bid-YTW : 3.72 % |
| CM.PR.S | FixedReset Disc | 17,552 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2050-12-31 Maturity Price : 20.52 Evaluated at bid price : 20.52 Bid-YTW : 3.72 % |
| RY.PR.P | Perpetual-Premium | 16,921 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-02-24 Maturity Price : 26.00 Evaluated at bid price : 26.32 Bid-YTW : 0.27 % |
| There were 5 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| RS.PR.A | SplitShare | Quote: 10.32 – 11.68 Spot Rate : 1.3600 Average : 0.7483 YTW SCENARIO |
| TD.PF.D | FixedReset Disc | Quote: 22.11 – 23.50 Spot Rate : 1.3900 Average : 0.9505 YTW SCENARIO |
| POW.PR.G | Perpetual-Premium | Quote: 25.25 – 26.25 Spot Rate : 1.0000 Average : 0.5672 YTW SCENARIO |
| RY.PR.M | FixedReset Disc | Quote: 21.28 – 25.50 Spot Rate : 4.2200 Average : 3.8490 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 17.13 – 18.24 Spot Rate : 1.1100 Average : 0.8119 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 20.35 – 21.00 Spot Rate : 0.6500 Average : 0.4836 YTW SCENARIO |