| 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 | 1.9056 % | 2,264.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.9056 % | 4,155.6 |
| Floater | 3.82 % | 3.86 % | 53,223 | 17.64 | 3 | 1.9056 % | 2,394.9 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3041 % | 3,679.7 |
| SplitShare | 4.76 % | 4.02 % | 33,308 | 3.65 | 9 | 0.3041 % | 4,394.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3041 % | 3,428.6 |
| Perpetual-Premium | 5.34 % | 1.14 % | 73,778 | 0.11 | 21 | 0.0525 % | 3,229.1 |
| Perpetual-Discount | 4.96 % | 5.00 % | 82,967 | 15.45 | 13 | 0.0191 % | 3,723.3 |
| FixedReset Disc | 4.43 % | 3.84 % | 181,683 | 17.33 | 52 | 0.4214 % | 2,615.3 |
| Insurance Straight | 5.02 % | 4.70 % | 81,654 | 15.52 | 22 | -0.0749 % | 3,618.9 |
| FloatingReset | 3.05 % | 3.39 % | 38,186 | 18.82 | 2 | -0.1373 % | 2,344.0 |
| FixedReset Prem | 5.08 % | 3.68 % | 237,942 | 1.17 | 26 | 0.0166 % | 2,715.5 |
| FixedReset Bank Non | 1.81 % | 2.16 % | 227,750 | 0.89 | 1 | 0.0000 % | 2,888.5 |
| FixedReset Ins Non | 4.45 % | 3.82 % | 138,197 | 17.49 | 22 | 0.0082 % | 2,764.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.T | FixedReset Disc | -1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 21.31 Evaluated at bid price : 21.31 Bid-YTW : 4.07 % |
| PWF.PR.Z | Perpetual-Premium | -1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 24.67 Evaluated at bid price : 25.18 Bid-YTW : 5.15 % |
| SLF.PR.B | Insurance Straight | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 24.55 Evaluated at bid price : 24.80 Bid-YTW : 4.83 % |
| IAF.PR.I | FixedReset Ins Non | -1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 23.28 Evaluated at bid price : 24.30 Bid-YTW : 3.82 % |
| NA.PR.W | FixedReset Disc | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 22.13 Evaluated at bid price : 22.65 Bid-YTW : 3.63 % |
| BAM.PR.Z | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 21.80 Evaluated at bid price : 22.30 Bid-YTW : 4.48 % |
| BIP.PR.E | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 23.43 Evaluated at bid price : 24.65 Bid-YTW : 5.01 % |
| BAM.PF.F | FixedReset Disc | 1.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 21.30 Evaluated at bid price : 21.30 Bid-YTW : 4.57 % |
| BAM.PF.B | FixedReset Disc | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 20.70 Evaluated at bid price : 20.70 Bid-YTW : 4.55 % |
| CU.PR.C | FixedReset Disc | 1.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 20.61 Evaluated at bid price : 20.61 Bid-YTW : 4.06 % |
| RY.PR.P | Perpetual-Premium | 1.92 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-02-24 Maturity Price : 25.00 Evaluated at bid price : 26.00 Bid-YTW : 4.22 % |
| RY.PR.J | FixedReset Disc | 2.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 22.84 Evaluated at bid price : 24.00 Bid-YTW : 3.65 % |
| BMO.PR.Y | FixedReset Disc | 2.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 22.59 Evaluated at bid price : 23.52 Bid-YTW : 3.68 % |
| CM.PR.Q | FixedReset Disc | 2.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 22.63 Evaluated at bid price : 23.60 Bid-YTW : 3.76 % |
| TD.PF.C | FixedReset Disc | 3.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 21.94 Evaluated at bid price : 22.35 Bid-YTW : 3.70 % |
| BAM.PR.K | Floater | 5.81 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 11.30 Evaluated at bid price : 11.30 Bid-YTW : 3.84 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.E | FixedReset Prem | 441,950 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-04-25 Maturity Price : 25.00 Evaluated at bid price : 25.27 Bid-YTW : 1.85 % |
| BNS.PR.H | FixedReset Prem | 310,838 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.66 Bid-YTW : 2.46 % |
| MFC.PR.O | FixedReset Ins Non | 258,680 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-06-19 Maturity Price : 25.00 Evaluated at bid price : 25.20 Bid-YTW : 2.15 % |
| CM.PR.R | FixedReset Disc | 194,146 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 23.80 Evaluated at bid price : 25.09 Bid-YTW : 4.26 % |
| TD.PF.A | FixedReset Disc | 101,286 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 22.13 Evaluated at bid price : 22.61 Bid-YTW : 3.59 % |
| MFC.PR.J | FixedReset Ins Non | 101,180 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 23.01 Evaluated at bid price : 23.34 Bid-YTW : 3.89 % |
| MFC.PR.H | FixedReset Ins Non | 100,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-03-08 Maturity Price : 24.23 Evaluated at bid price : 24.65 Bid-YTW : 4.10 % |
| There were 37 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| SLF.PR.J | FloatingReset | Quote: 14.15 – 15.35 Spot Rate : 1.2000 Average : 0.7246 YTW SCENARIO |
| RS.PR.A | SplitShare | Quote: 10.40 – 11.40 Spot Rate : 1.0000 Average : 0.5709 YTW SCENARIO |
| TRP.PR.G | FixedReset Disc | Quote: 20.71 – 21.21 Spot Rate : 0.5000 Average : 0.3193 YTW SCENARIO |
| RY.PR.O | Perpetual-Premium | Quote: 25.28 – 25.99 Spot Rate : 0.7100 Average : 0.5515 YTW SCENARIO |
| TRP.PR.D | FixedReset Disc | Quote: 18.49 – 19.50 Spot Rate : 1.0100 Average : 0.9031 YTW SCENARIO |
| BAM.PR.C | Floater | Quote: 11.15 – 11.49 Spot Rate : 0.3400 Average : 0.2346 YTW SCENARIO |
KINGSTON, ON, March 3, 2021 /CNW/ – The Empire Life Insurance Company (“Empire Life” or the “Company”) (TSX: EML.PR.A) today announced that it will exercise its right to redeem all of its 5,980,000 outstanding Non-Cumulative Rate Reset Preferred Shares, Series 1 (the “Preferred Shares Series 1”) on Saturday, April 17, 2021 at the price of $25.00 per Preferred Share Series 1 for an aggregate total of $149,500,000, plus declared and unpaid dividends.