| 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 | 0.7048 % | 2,207.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.7048 % | 4,234.8 |
| Floater | 11.02 % | 11.22 % | 44,171 | 8.66 | 1 | 0.7048 % | 2,440.5 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2134 % | 3,283.5 |
| SplitShare | 5.14 % | 8.40 % | 41,432 | 2.42 | 7 | 0.2134 % | 3,921.2 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2134 % | 3,059.5 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0224 % | 2,533.5 |
| Perpetual-Discount | 6.72 % | 6.89 % | 41,158 | 12.73 | 28 | -0.0224 % | 2,762.7 |
| FixedReset Disc | 5.86 % | 8.51 % | 78,191 | 11.07 | 64 | 0.4031 % | 2,130.3 |
| Insurance Straight | 6.65 % | 6.81 % | 52,928 | 12.79 | 19 | -0.0339 % | 2,702.6 |
| FloatingReset | 11.52 % | 12.17 % | 59,186 | 8.06 | 2 | 0.0000 % | 2,382.2 |
| FixedReset Prem | 7.00 % | 6.81 % | 242,704 | 3.74 | 1 | -0.1194 % | 2,309.0 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.4031 % | 2,177.6 |
| FixedReset Ins Non | 6.33 % | 8.11 % | 68,796 | 11.28 | 11 | 0.5146 % | 2,301.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BMO.PR.Y | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 17.62 Evaluated at bid price : 17.62 Bid-YTW : 8.61 % |
| TD.PF.L | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 22.53 Evaluated at bid price : 23.11 Bid-YTW : 7.59 % |
| BN.PR.X | FixedReset Disc | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 14.40 Evaluated at bid price : 14.40 Bid-YTW : 9.34 % |
| FTS.PR.G | FixedReset Disc | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 18.50 Evaluated at bid price : 18.50 Bid-YTW : 8.19 % |
| IFC.PR.C | FixedReset Disc | 1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 17.83 Evaluated at bid price : 17.83 Bid-YTW : 8.19 % |
| BN.PF.J | FixedReset Disc | 1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.01 Evaluated at bid price : 20.01 Bid-YTW : 8.46 % |
| TD.PF.E | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 8.46 % |
| BIP.PR.F | FixedReset Disc | 1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.04 Evaluated at bid price : 20.04 Bid-YTW : 8.42 % |
| BIP.PR.E | FixedReset Disc | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.52 Evaluated at bid price : 20.52 Bid-YTW : 8.34 % |
| BN.PF.G | FixedReset Disc | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 14.82 Evaluated at bid price : 14.82 Bid-YTW : 10.41 % |
| PVS.PR.J | SplitShare | 1.89 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.60 Bid-YTW : 8.14 % |
| PWF.PR.G | Perpetual-Discount | 2.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 21.49 Evaluated at bid price : 21.49 Bid-YTW : 6.90 % |
| BIP.PR.B | FixedReset Disc | 2.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 9.44 % |
| MFC.PR.I | FixedReset Ins Non | 2.90 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.93 Evaluated at bid price : 20.93 Bid-YTW : 7.84 % |
| TRP.PR.E | FixedReset Disc | 4.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 14.60 Evaluated at bid price : 14.60 Bid-YTW : 10.21 % |
| TRP.PR.C | FixedReset Disc | 5.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 11.70 Evaluated at bid price : 11.70 Bid-YTW : 9.98 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TRP.PR.C | FixedReset Disc | 187,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 11.70 Evaluated at bid price : 11.70 Bid-YTW : 9.98 % |
| GWO.PR.N | FixedReset Ins Non | 95,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 12.41 Evaluated at bid price : 12.41 Bid-YTW : 8.98 % |
| TRP.PR.B | FixedReset Disc | 39,220 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 10.75 Evaluated at bid price : 10.75 Bid-YTW : 10.64 % |
| BIP.PR.A | FixedReset Disc | 33,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 16.91 Evaluated at bid price : 16.91 Bid-YTW : 10.21 % |
| CM.PR.O | FixedReset Disc | 28,810 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 17.75 Evaluated at bid price : 17.75 Bid-YTW : 8.39 % |
| TD.PF.J | FixedReset Disc | 25,400 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-07-14 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 7.59 % |
| There were 11 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TRP.PR.A | FixedReset Disc | Quote: 13.63 – 15.00 Spot Rate : 1.3700 Average : 0.8420 YTW SCENARIO |
| CM.PR.P | FixedReset Disc | Quote: 16.70 – 17.90 Spot Rate : 1.2000 Average : 0.8015 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 16.93 – 18.12 Spot Rate : 1.1900 Average : 0.9182 YTW SCENARIO |
| TD.PF.L | FixedReset Disc | Quote: 23.11 – 23.70 Spot Rate : 0.5900 Average : 0.3402 YTW SCENARIO |
| BN.PF.A | FixedReset Disc | Quote: 19.84 – 20.50 Spot Rate : 0.6600 Average : 0.4595 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 14.65 – 15.28 Spot Rate : 0.6300 Average : 0.4564 YTW SCENARIO |
Has there been a historical period of time in which you have materially invested in or recommended floating rate issues on their own merits? That is, not as part of a strong pairs trade.