| 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 | 2.97 % | 3.41 % | 47,394 | 20.16 | 1 | 0.0971 % | 2,937.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2528 % | 5,377.3 |
| Floater | 2.96 % | 2.98 % | 80,809 | 19.73 | 3 | -0.2528 % | 3,099.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0077 % | 3,688.0 |
| SplitShare | 4.65 % | 4.32 % | 57,199 | 3.81 | 5 | -0.0077 % | 4,404.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0077 % | 3,436.4 |
| Perpetual-Premium | 5.13 % | -11.05 % | 48,638 | 0.09 | 29 | -0.0013 % | 3,277.9 |
| Perpetual-Discount | 4.66 % | 4.59 % | 70,905 | 15.80 | 6 | -0.1811 % | 3,885.6 |
| FixedReset Disc | 3.77 % | 3.85 % | 120,359 | 17.20 | 37 | 0.0674 % | 2,932.0 |
| Insurance Straight | 4.92 % | 4.25 % | 88,445 | 3.47 | 20 | 0.0079 % | 3,693.6 |
| FloatingReset | 2.44 % | 2.75 % | 28,365 | 20.32 | 2 | -0.4628 % | 2,967.4 |
| FixedReset Prem | 4.64 % | 3.02 % | 123,306 | 2.29 | 33 | 0.1217 % | 2,753.1 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0674 % | 2,997.0 |
| FixedReset Ins Non | 4.01 % | 3.77 % | 90,094 | 16.97 | 19 | 0.2611 % | 3,005.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| IFC.PR.A | FixedReset Ins Non | -1.38 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 3.78 % |
| FTS.PR.H | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 4.00 % |
| SLF.PR.H | FixedReset Ins Non | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.34 Evaluated at bid price : 23.10 Bid-YTW : 3.76 % |
| BAM.PF.F | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.99 Evaluated at bid price : 24.00 Bid-YTW : 4.46 % |
| TRP.PR.B | FixedReset Disc | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 14.76 Evaluated at bid price : 14.76 Bid-YTW : 4.38 % |
| TRP.PR.D | FixedReset Disc | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 22.11 Evaluated at bid price : 22.41 Bid-YTW : 4.33 % |
| BAM.PR.Z | FixedReset Prem | 3.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 24.63 Evaluated at bid price : 24.95 Bid-YTW : 4.51 % |
| SLF.PR.G | FixedReset Ins Non | 3.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 18.65 Evaluated at bid price : 18.65 Bid-YTW : 3.66 % |
| GWO.PR.N | FixedReset Ins Non | 6.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 3.77 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BNS.PR.H | FixedReset Prem | 66,475 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 1.73 % |
| TRP.PR.K | FixedReset Prem | 60,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-05-31 Maturity Price : 25.00 Evaluated at bid price : 25.22 Bid-YTW : 3.02 % |
| RY.PR.Z | FixedReset Disc | 39,802 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.26 Evaluated at bid price : 24.45 Bid-YTW : 3.70 % |
| MFC.PR.Q | FixedReset Ins Non | 34,850 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.81 Evaluated at bid price : 25.28 Bid-YTW : 4.00 % |
| TRP.PR.E | FixedReset Disc | 25,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 21.76 Evaluated at bid price : 22.00 Bid-YTW : 4.36 % |
| NA.PR.S | FixedReset Disc | 23,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-11-18 Maturity Price : 23.40 Evaluated at bid price : 24.81 Bid-YTW : 3.85 % |
| There were 12 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| SLF.PR.I | FixedReset Ins Non | Quote: 25.18 – 25.93 Spot Rate : 0.7500 Average : 0.4112 YTW SCENARIO |
| BAM.PF.F | FixedReset Disc | Quote: 24.00 – 24.50 Spot Rate : 0.5000 Average : 0.3215 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 24.50 – 24.90 Spot Rate : 0.4000 Average : 0.2624 YTW SCENARIO |
| MIC.PR.A | Perpetual-Premium | Quote: 27.41 – 27.85 Spot Rate : 0.4400 Average : 0.3148 YTW SCENARIO |
| BAM.PR.B | Floater | Quote: 14.50 – 15.30 Spot Rate : 0.8000 Average : 0.6864 YTW SCENARIO |
| IFC.PR.A | FixedReset Ins Non | Quote: 21.50 – 21.90 Spot Rate : 0.4000 Average : 0.2872 YTW SCENARIO |
Hi,
I own a fair amount of Brookfield Asset Management Inc. (BAM-PFC.TO) and was reading that they face imminent default on their Chicago building. Is this something we should consider as a warning to sell? Any thoughts?
https://ca.finance.yahoo.com/news/brookfield-faces-imminent-default-chicago-202217464.html
Thx
Ferris
Note that the property in question belongs to Brookfield Properties, not Brookfield Asset Management directly.
A default and loss of the building will be unpleasant, but bearable. Brookfield’s mortgages are generally without recourse to the mortgaging company and Brookfield Property’s debts are without recourse to Brookfield Asset. It may also be the case that ‘imminent default’ is more of a bargaining ploy than a real threat.