| 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 | 1.1905 % | 2,450.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 1.1905 % | 4,700.3 |
| Floater | 8.85 % | 8.93 % | 52,143 | 10.46 | 2 | 1.1905 % | 2,708.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4990 % | 3,258.1 |
| SplitShare | 5.22 % | 7.67 % | 63,571 | 2.75 | 8 | 0.4990 % | 3,890.9 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4990 % | 3,035.8 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1776 % | 2,638.9 |
| Perpetual-Discount | 6.46 % | 6.57 % | 105,935 | 13.10 | 35 | 0.1776 % | 2,877.6 |
| FixedReset Disc | 5.59 % | 7.89 % | 106,207 | 11.83 | 62 | 0.3798 % | 2,150.6 |
| Insurance Straight | 6.41 % | 6.55 % | 120,280 | 13.17 | 20 | 0.2807 % | 2,802.6 |
| FloatingReset | 10.28 % | 9.94 % | 36,838 | 9.60 | 2 | -1.6471 % | 2,374.9 |
| FixedReset Prem | 6.61 % | 6.66 % | 182,717 | 4.08 | 2 | 0.1988 % | 2,377.1 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3798 % | 2,198.3 |
| FixedReset Ins Non | 5.58 % | 8.08 % | 59,964 | 11.77 | 14 | 0.4270 % | 2,249.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| SLF.PR.J | FloatingReset | -3.43 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 14.64 Evaluated at bid price : 14.64 Bid-YTW : 9.94 % |
| BIP.PR.B | FixedReset Disc | -2.92 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.30 Evaluated at bid price : 21.60 Bid-YTW : 8.59 % |
| BN.PF.H | FixedReset Disc | -2.55 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 22.38 Evaluated at bid price : 22.90 Bid-YTW : 7.70 % |
| SLF.PR.G | FixedReset Ins Non | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 12.67 Evaluated at bid price : 12.67 Bid-YTW : 8.43 % |
| CU.PR.I | FixedReset Disc | -1.42 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-01 Maturity Price : 25.00 Evaluated at bid price : 24.25 Bid-YTW : 5.79 % |
| BN.PR.Z | FixedReset Disc | -1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 7.53 % |
| GWO.PR.L | Insurance Straight | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 6.67 % |
| TD.PF.D | FixedReset Disc | -1.27 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 18.61 Evaluated at bid price : 18.61 Bid-YTW : 7.68 % |
| PVS.PR.G | SplitShare | -1.07 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 23.10 Bid-YTW : 7.81 % |
| MFC.PR.J | FixedReset Ins Non | 1.02 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 19.75 Evaluated at bid price : 19.75 Bid-YTW : 7.66 % |
| NA.PR.E | FixedReset Disc | 1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 19.90 Evaluated at bid price : 19.90 Bid-YTW : 7.58 % |
| NA.PR.G | FixedReset Disc | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 7.31 % |
| CU.PR.J | Perpetual-Discount | 1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 18.33 Evaluated at bid price : 18.33 Bid-YTW : 6.57 % |
| IFC.PR.F | Insurance Straight | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 20.93 Evaluated at bid price : 20.93 Bid-YTW : 6.38 % |
| MFC.PR.I | FixedReset Ins Non | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.92 Evaluated at bid price : 22.40 Bid-YTW : 6.92 % |
| PWF.PR.P | FixedReset Disc | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 8.70 % |
| NA.PR.W | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 8.10 % |
| BN.PR.B | Floater | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 12.75 Evaluated at bid price : 12.75 Bid-YTW : 8.93 % |
| BN.PR.K | Floater | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 12.75 Evaluated at bid price : 12.75 Bid-YTW : 8.93 % |
| PVS.PR.K | SplitShare | 1.21 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 20.85 Bid-YTW : 7.90 % |
| RY.PR.H | FixedReset Disc | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.42 Evaluated at bid price : 17.42 Bid-YTW : 7.87 % |
| PWF.PR.F | Perpetual-Discount | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.53 % |
| TRP.PR.C | FixedReset Disc | 1.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 11.30 Evaluated at bid price : 11.30 Bid-YTW : 9.42 % |
| NA.PR.S | FixedReset Disc | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 8.03 % |
| BN.PF.F | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 16.43 Evaluated at bid price : 16.43 Bid-YTW : 9.12 % |
| CCS.PR.C | Insurance Straight | 1.49 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 19.10 Evaluated at bid price : 19.10 Bid-YTW : 6.60 % |
| BIP.PR.E | FixedReset Disc | 1.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 8.22 % |
| IAF.PR.B | Insurance Straight | 1.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 19.18 Evaluated at bid price : 19.18 Bid-YTW : 6.04 % |
| FTS.PR.M | FixedReset Disc | 1.66 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 8.58 % |
| RY.PR.Z | FixedReset Disc | 2.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.35 Evaluated at bid price : 17.35 Bid-YTW : 7.90 % |
| BN.PF.B | FixedReset Disc | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 16.35 Evaluated at bid price : 16.35 Bid-YTW : 9.05 % |
| PVS.PR.J | SplitShare | 2.44 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.00 Bid-YTW : 8.39 % |
| PWF.PR.T | FixedReset Disc | 2.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.90 Evaluated at bid price : 17.90 Bid-YTW : 8.02 % |
| PVS.PR.I | SplitShare | 3.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 23.30 Bid-YTW : 7.62 % |
| IFC.PR.A | FixedReset Ins Non | 3.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 7.46 % |
| IFC.PR.C | FixedReset Disc | 16.79 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 16.35 Evaluated at bid price : 16.35 Bid-YTW : 8.23 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.I | FixedReset Ins Non | 48,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 21.92 Evaluated at bid price : 22.40 Bid-YTW : 6.92 % |
| PWF.PF.A | Perpetual-Discount | 41,253 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.58 Evaluated at bid price : 17.58 Bid-YTW : 6.53 % |
| IFC.PR.A | FixedReset Ins Non | 31,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 17.20 Evaluated at bid price : 17.20 Bid-YTW : 7.46 % |
| TRP.PR.F | FloatingReset | 23,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 14.62 Evaluated at bid price : 14.62 Bid-YTW : 10.85 % |
| GWO.PR.N | FixedReset Ins Non | 20,080 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 12.00 Evaluated at bid price : 12.00 Bid-YTW : 8.45 % |
| PWF.PR.F | Perpetual-Discount | 15,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2052-12-29 Maturity Price : 20.50 Evaluated at bid price : 20.50 Bid-YTW : 6.53 % |
| There were 9 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.J | FixedReset Ins Non | Quote: 19.75 – 25.53 Spot Rate : 5.7800 Average : 3.1222 YTW SCENARIO |
| MFC.PR.N | FixedReset Ins Non | Quote: 16.61 – 22.30 Spot Rate : 5.6900 Average : 3.2641 YTW SCENARIO |
| MFC.PR.K | FixedReset Ins Non | Quote: 16.95 – 22.00 Spot Rate : 5.0500 Average : 2.6744 YTW SCENARIO |
| TD.PF.E | FixedReset Disc | Quote: 19.05 – 21.49 Spot Rate : 2.4400 Average : 1.3578 YTW SCENARIO |
| BN.PR.X | FixedReset Disc | Quote: 15.00 – 17.99 Spot Rate : 2.9900 Average : 2.0808 YTW SCENARIO |
| TRP.PR.D | FixedReset Disc | Quote: 15.28 – 16.90 Spot Rate : 1.6200 Average : 0.9457 YTW SCENARIO |
CIBC Announces Dividend Rates for NVCC Preferred Shares Series 47 and NVCC Preferred Shares Series 48
https://money.tmx.com/en/quote/CM/news/5895638396725919/CIBC_Announces_Dividend_Rates_for_NVCC_Preferred_Shares_Series_47_and_NVCC_Preferred_Shares_Series_48
The fixed dividend rate applicable to the Series 47 Shares, should any remain outstanding after January 31, 2023 , for the five-year period from and including January 31, 2023 to but excluding January 31, 2028 is 5.878%, payable quarterly as and when declared by the Board of Directors of CIBC.
The floating dividend rate applicable to the Series 48 Shares, should any be issued, for the three-month period from and including January 31, 2023 to but excluding April 30, 2023 is 6.753%, payable for the period as defined as and when declared by the Board of Directors of CIBC. CIBC has designated the Series 48 Shares as eligible to participate in the CIBC Shareholder Investment Plan.
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