| 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 | 3.19 % | 3.77 % | 44,756 | 19.76 | 1 | -3.5176 % | 2,735.1 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6337 % | 5,050.3 |
| Floater | 3.15 % | 3.14 % | 72,468 | 19.38 | 3 | -0.6337 % | 2,910.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1369 % | 3,654.2 |
| SplitShare | 4.70 % | 4.40 % | 48,370 | 3.60 | 6 | -0.1369 % | 4,363.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1369 % | 3,404.9 |
| Perpetual-Premium | 5.18 % | -5.30 % | 44,789 | 0.08 | 23 | -0.0749 % | 3,241.6 |
| Perpetual-Discount | 4.80 % | 4.84 % | 62,537 | 15.77 | 11 | -0.5405 % | 3,826.8 |
| FixedReset Disc | 4.03 % | 4.08 % | 111,305 | 17.31 | 42 | -0.2193 % | 2,796.4 |
| Insurance Straight | 4.98 % | 4.52 % | 100,295 | 15.72 | 19 | -0.1766 % | 3,641.9 |
| FloatingReset | 2.52 % | 2.82 % | 29,191 | 20.19 | 2 | 0.7564 % | 2,702.8 |
| FixedReset Prem | 4.75 % | 3.76 % | 118,029 | 2.29 | 28 | -0.2426 % | 2,707.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2193 % | 2,858.4 |
| FixedReset Ins Non | 4.14 % | 3.86 % | 86,860 | 17.27 | 19 | -0.2153 % | 2,914.4 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BAM.PR.R | FixedReset Disc | -4.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 18.38 Evaluated at bid price : 18.38 Bid-YTW : 4.82 % |
| BAM.PF.G | FixedReset Disc | -3.96 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 21.45 Evaluated at bid price : 21.79 Bid-YTW : 4.58 % |
| BAM.PR.E | Ratchet | -3.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 25.00 Evaluated at bid price : 19.20 Bid-YTW : 3.77 % |
| CU.PR.G | Perpetual-Discount | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.01 Evaluated at bid price : 23.28 Bid-YTW : 4.86 % |
| MFC.PR.N | FixedReset Ins Non | -1.93 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 22.35 Evaluated at bid price : 22.90 Bid-YTW : 3.95 % |
| TD.PF.J | FixedReset Prem | -1.58 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.72 Evaluated at bid price : 24.85 Bid-YTW : 4.07 % |
| GWO.PR.N | FixedReset Ins Non | -1.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 16.00 Evaluated at bid price : 16.00 Bid-YTW : 3.84 % |
| NA.PR.W | FixedReset Disc | -1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 22.81 Evaluated at bid price : 23.70 Bid-YTW : 3.79 % |
| BAM.PF.B | FixedReset Disc | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 22.19 Evaluated at bid price : 22.50 Bid-YTW : 4.45 % |
| MFC.PR.F | FixedReset Ins Non | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 18.05 Evaluated at bid price : 18.05 Bid-YTW : 3.69 % |
| TRP.PR.A | FixedReset Disc | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 18.09 Evaluated at bid price : 18.09 Bid-YTW : 4.56 % |
| BAM.PF.A | FixedReset Disc | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.71 Evaluated at bid price : 24.06 Bid-YTW : 4.46 % |
| FTS.PR.K | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 4.22 % |
| BNS.PR.I | FixedReset Prem | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.65 Evaluated at bid price : 25.27 Bid-YTW : 3.77 % |
| BAM.PR.K | Floater | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 13.62 Evaluated at bid price : 13.62 Bid-YTW : 3.14 % |
| FTS.PR.G | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 21.38 Evaluated at bid price : 21.70 Bid-YTW : 4.08 % |
| BMO.PR.W | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.02 Evaluated at bid price : 24.08 Bid-YTW : 3.68 % |
| CM.PR.Y | FixedReset Prem | 1.28 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-07-31 Maturity Price : 25.00 Evaluated at bid price : 26.14 Bid-YTW : 3.61 % |
| TRP.PR.F | FloatingReset | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 17.05 Evaluated at bid price : 17.05 Bid-YTW : 2.82 % |
| TRP.PR.D | FixedReset Disc | 1.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 4.50 % |
| IFC.PR.A | FixedReset Ins Non | 2.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 20.30 Evaluated at bid price : 20.30 Bid-YTW : 3.78 % |
| BAM.PR.T | FixedReset Disc | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 20.25 Evaluated at bid price : 20.25 Bid-YTW : 4.51 % |
| BAM.PF.E | FixedReset Disc | 2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 21.18 Evaluated at bid price : 21.18 Bid-YTW : 4.53 % |
| CM.PR.P | FixedReset Disc | 2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.00 Evaluated at bid price : 24.10 Bid-YTW : 3.72 % |
| BAM.PF.F | FixedReset Disc | 4.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 22.32 Evaluated at bid price : 22.77 Bid-YTW : 4.56 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.B | FixedReset Prem | 51,465 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-02-25 Maturity Price : 25.00 Evaluated at bid price : 25.21 Bid-YTW : 1.90 % |
| RY.PR.J | FixedReset Disc | 51,250 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 22.82 Evaluated at bid price : 23.80 Bid-YTW : 4.08 % |
| BNS.PR.H | FixedReset Prem | 42,835 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-01-26 Maturity Price : 25.00 Evaluated at bid price : 25.26 Bid-YTW : 1.42 % |
| NA.PR.G | FixedReset Prem | 37,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.64 Evaluated at bid price : 25.10 Bid-YTW : 4.11 % |
| CU.PR.J | Perpetual-Discount | 34,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 24.53 Evaluated at bid price : 24.92 Bid-YTW : 4.77 % |
| TD.PF.K | FixedReset Prem | 23,469 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2051-12-14 Maturity Price : 23.62 Evaluated at bid price : 25.00 Bid-YTW : 3.95 % |
| There were 5 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| BAM.PR.R | FixedReset Disc | Quote: 18.38 – 20.25 Spot Rate : 1.8700 Average : 1.3759 YTW SCENARIO |
| TRP.PR.F | FloatingReset | Quote: 17.05 – 18.50 Spot Rate : 1.4500 Average : 1.0504 YTW SCENARIO |
| BAM.PF.B | FixedReset Disc | Quote: 22.50 – 23.50 Spot Rate : 1.0000 Average : 0.6971 YTW SCENARIO |
| BAM.PR.E | Ratchet | Quote: 19.20 – 20.20 Spot Rate : 1.0000 Average : 0.6994 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 23.28 – 24.00 Spot Rate : 0.7200 Average : 0.4542 YTW SCENARIO |
| PWF.PR.L | Perpetual-Premium | Quote: 25.37 – 26.17 Spot Rate : 0.8000 Average : 0.5449 YTW SCENARIO |
MONTRÉAL, Dec. 15, 2021 /CNW Telbec/ – Power Corporation of Canada (“Power Corporation” or the “Corporation”) (TSX: POW.PR.F) announced today that it intends to redeem all 86,100 of its outstanding Cumulative Redeemable First Preferred Shares, 1986 Series (the “1986 Series Shares”) on January 15, 2022.
In accordance with the terms of the 1986 Series Shares, the redemption price will be $50.00 per 1986 Series Share together with all accrued and unpaid dividends, net of any tax required to be withheld by the Corporation. On November 10, 2021, the board of directors of the Corporation declared a quarterly dividend on the 1986 Series Shares, payable January 15, 2022 to shareholders of record December 24, 2021, of $0.2144 [1]. A notice of the redemption of the 1986 Series Shares will be provided in accordance with the rights, privileges and conditions attached to the 1986 Series Shares.
Hi James!
Please note the info I just posted re POW.PR.F redemption on 15 Jan 22 for $50.
Can you please explain the $50 redemption price?
Cheers!
The issue price was $50. I owned some of them that I paid $46 for when I first started dealing with an advisor. He liked floaters and these were a floater based on prime. As interest rates fell they went to $23 and I did not buy more. I got out at $48 eventually. Power has been redeeming some of these every year for many years at the market price.
POW.PR.F To Be Redeemed.
Thanks for the heads-up, CanSiamCyp!