Sorry this is so late! A month-end jam-up, coupled with a very enjoyable and excellent dinner with an old friend, conspired to cause delays. I won’t be posting the results for the 28th tonight, but I’ll catch up on the weekend, I promise! (… and there’s another month-end to do for the fund, too!)
| 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 | -0.2079 % | 2,306.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2079 % | 4,423.9 |
| Floater | 9.77 % | 9.95 % | 36,483 | 9.55 | 2 | -0.2079 % | 2,549.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2135 % | 3,368.3 |
| SplitShare | 4.99 % | 7.11 % | 44,559 | 2.60 | 7 | 0.2135 % | 4,022.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2135 % | 3,138.5 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0938 % | 2,763.4 |
| Perpetual-Discount | 6.17 % | 6.23 % | 53,927 | 13.58 | 34 | 0.0938 % | 3,013.4 |
| FixedReset Disc | 5.73 % | 7.58 % | 87,509 | 12.16 | 63 | -0.0621 % | 2,155.1 |
| Insurance Straight | 6.07 % | 6.15 % | 70,006 | 13.67 | 19 | 0.2734 % | 2,965.4 |
| FloatingReset | 10.38 % | 10.84 % | 52,609 | 8.88 | 2 | 0.1015 % | 2,401.7 |
| FixedReset Prem | 6.94 % | 6.54 % | 339,733 | 12.85 | 1 | -0.4717 % | 2,329.3 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0621 % | 2,203.0 |
| FixedReset Ins Non | 5.97 % | 7.29 % | 70,414 | 12.15 | 11 | -0.0824 % | 2,334.6 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| TD.PF.B | FixedReset Disc | -4.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 16.50 Evaluated at bid price : 16.50 Bid-YTW : 7.97 % |
| MFC.PR.L | FixedReset Ins Non | -3.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 15.96 Evaluated at bid price : 15.96 Bid-YTW : 8.23 % |
| RY.PR.J | FixedReset Disc | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.17 Evaluated at bid price : 18.17 Bid-YTW : 7.58 % |
| BN.PR.X | FixedReset Disc | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 14.32 Evaluated at bid price : 14.32 Bid-YTW : 8.56 % |
| BN.PR.T | FixedReset Disc | -1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 13.70 Evaluated at bid price : 13.70 Bid-YTW : 9.19 % |
| BN.PF.I | FixedReset Disc | -1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 19.82 Evaluated at bid price : 19.82 Bid-YTW : 8.35 % |
| TD.PF.E | FixedReset Disc | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.29 Evaluated at bid price : 18.29 Bid-YTW : 7.53 % |
| CM.PR.Q | FixedReset Disc | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 7.60 % |
| MFC.PR.Q | FixedReset Ins Non | 1.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 19.78 Evaluated at bid price : 19.78 Bid-YTW : 7.29 % |
| GWO.PR.P | Insurance Straight | 1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 21.43 Evaluated at bid price : 21.69 Bid-YTW : 6.29 % |
| TRP.PR.G | FixedReset Disc | 1.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 8.27 % |
| PWF.PR.T | FixedReset Disc | 1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 17.47 Evaluated at bid price : 17.47 Bid-YTW : 7.81 % |
| IFC.PR.C | FixedReset Disc | 1.59 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 17.88 Evaluated at bid price : 17.88 Bid-YTW : 7.42 % |
| RY.PR.N | Perpetual-Discount | 1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 21.52 Evaluated at bid price : 21.52 Bid-YTW : 5.70 % |
| MFC.PR.F | FixedReset Ins Non | 2.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 12.50 Evaluated at bid price : 12.50 Bid-YTW : 8.19 % |
| FTS.PR.H | FixedReset Disc | 2.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 12.80 Evaluated at bid price : 12.80 Bid-YTW : 8.24 % |
| BIP.PR.F | FixedReset Disc | 3.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.90 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.D | FixedReset Disc | 71,727 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 7.53 % |
| RY.PR.J | FixedReset Disc | 69,036 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.17 Evaluated at bid price : 18.17 Bid-YTW : 7.58 % |
| NA.PR.W | FixedReset Disc | 61,892 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 16.88 Evaluated at bid price : 16.88 Bid-YTW : 7.72 % |
| BMO.PR.Y | FixedReset Disc | 48,521 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 18.02 Evaluated at bid price : 18.02 Bid-YTW : 7.51 % |
| NA.PR.C | FixedReset Prem | 47,103 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 23.30 Evaluated at bid price : 25.32 Bid-YTW : 6.54 % |
| BMO.PR.W | FixedReset Disc | 44,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-04-27 Maturity Price : 17.15 Evaluated at bid price : 17.15 Bid-YTW : 7.59 % |
| 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.Q | FixedReset Ins Non | Quote: 19.78 – 22.50 Spot Rate : 2.7200 Average : 1.5239 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 18.77 – 21.00 Spot Rate : 2.2300 Average : 1.2934 YTW SCENARIO |
| GWO.PR.T | Insurance Straight | Quote: 20.95 – 22.40 Spot Rate : 1.4500 Average : 1.0349 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 15.96 – 17.08 Spot Rate : 1.1200 Average : 0.7579 YTW SCENARIO |
| TD.PF.B | FixedReset Disc | Quote: 16.50 – 17.39 Spot Rate : 0.8900 Average : 0.5334 YTW SCENARIO |
| FTS.PR.K | FixedReset Disc | Quote: 16.30 – 17.35 Spot Rate : 1.0500 Average : 0.7672 YTW SCENARIO |