| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| 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 | 0.0431 % | 2,242.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0431 % | 4,301.5 |
| Floater | 10.86 % | 11.16 % | 40,887 | 8.61 | 2 | 0.0431 % | 2,479.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7810 % | 3,348.1 |
| SplitShare | 5.03 % | 7.82 % | 43,667 | 2.04 | 8 | -0.7810 % | 3,998.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.7810 % | 3,119.6 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3008 % | 2,503.3 |
| Perpetual-Discount | 6.85 % | 7.05 % | 46,409 | 12.48 | 31 | -0.3008 % | 2,729.7 |
| FixedReset Disc | 5.92 % | 8.79 % | 92,408 | 10.85 | 56 | -0.5515 % | 2,114.3 |
| Insurance Straight | 6.73 % | 6.84 % | 50,335 | 12.66 | 18 | 0.3174 % | 2,674.6 |
| FloatingReset | 10.60 % | 10.90 % | 38,477 | 8.79 | 1 | 1.5686 % | 2,499.5 |
| FixedReset Prem | 7.03 % | 7.10 % | 225,169 | 3.64 | 1 | 0.0000 % | 2,299.8 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.5515 % | 2,161.2 |
| FixedReset Ins Non | 6.44 % | 8.28 % | 82,797 | 11.27 | 10 | -1.2140 % | 2,294.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.L | FixedReset Ins Non | -7.99 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.01 Evaluated at bid price : 16.01 Bid-YTW : 9.67 % |
| PVS.PR.K | SplitShare | -4.20 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 20.52 Bid-YTW : 8.70 % |
| PVS.PR.J | SplitShare | -3.59 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.50 Bid-YTW : 8.46 % |
| PWF.PR.G | Perpetual-Discount | -2.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 7.20 % |
| BIP.PR.E | FixedReset Disc | -2.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 20.02 Evaluated at bid price : 20.02 Bid-YTW : 8.81 % |
| BN.PF.I | FixedReset Disc | -2.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.30 Evaluated at bid price : 18.30 Bid-YTW : 9.93 % |
| GWO.PR.Q | Insurance Straight | -1.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.63 Evaluated at bid price : 18.63 Bid-YTW : 7.04 % |
| BN.PF.H | FixedReset Disc | -1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 9.82 % |
| RY.PR.N | Perpetual-Discount | -1.61 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 20.76 Evaluated at bid price : 20.76 Bid-YTW : 5.94 % |
| BN.PF.J | FixedReset Disc | -1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.75 Evaluated at bid price : 18.75 Bid-YTW : 9.31 % |
| BN.PF.B | FixedReset Disc | -1.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.76 Evaluated at bid price : 16.76 Bid-YTW : 9.95 % |
| BN.PF.F | FixedReset Disc | -1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 15.93 Evaluated at bid price : 15.93 Bid-YTW : 10.65 % |
| RY.PR.J | FixedReset Disc | -1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 8.72 % |
| CM.PR.O | FixedReset Disc | -1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 8.84 % |
| GWO.PR.H | Insurance Straight | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 17.63 Evaluated at bid price : 17.63 Bid-YTW : 7.01 % |
| FTS.PR.M | FixedReset Disc | -1.21 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 9.55 % |
| TD.PF.M | FixedReset Disc | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 23.20 Evaluated at bid price : 23.77 Bid-YTW : 7.92 % |
| IFC.PR.G | FixedReset Ins Non | -1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 19.72 Evaluated at bid price : 19.72 Bid-YTW : 8.28 % |
| BMO.PR.E | FixedReset Disc | -1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 21.44 Evaluated at bid price : 21.74 Bid-YTW : 7.77 % |
| FTS.PR.H | FixedReset Disc | -1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 12.55 Evaluated at bid price : 12.55 Bid-YTW : 9.97 % |
| CM.PR.Y | FixedReset Disc | -1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 22.93 Evaluated at bid price : 23.50 Bid-YTW : 8.02 % |
| PWF.PF.A | Perpetual-Discount | -1.04 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.13 Evaluated at bid price : 16.13 Bid-YTW : 7.06 % |
| PVS.PR.F | SplitShare | -1.01 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2024-09-30 Maturity Price : 25.00 Evaluated at bid price : 24.45 Bid-YTW : 7.82 % |
| BNS.PR.I | FixedReset Disc | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 7.93 % |
| PVS.PR.G | SplitShare | 1.47 % | YTW SCENARIO Maturity Type : Option Certainty Maturity Date : 2026-02-28 Maturity Price : 25.00 Evaluated at bid price : 24.10 Bid-YTW : 6.93 % |
| SLF.PR.J | FloatingReset | 1.57 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 15.54 Evaluated at bid price : 15.54 Bid-YTW : 10.90 % |
| FTS.PR.F | Perpetual-Discount | 1.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 19.38 Evaluated at bid price : 19.38 Bid-YTW : 6.35 % |
| TD.PF.E | FixedReset Disc | 2.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.40 Evaluated at bid price : 18.40 Bid-YTW : 8.67 % |
| GWO.PR.I | Insurance Straight | 9.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.78 Evaluated at bid price : 16.78 Bid-YTW : 6.83 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| NA.PR.S | FixedReset Disc | 59,678 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.01 Evaluated at bid price : 18.01 Bid-YTW : 8.89 % |
| IFC.PR.C | FixedReset Disc | 33,585 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 17.60 Evaluated at bid price : 17.60 Bid-YTW : 8.59 % |
| RY.PR.J | FixedReset Disc | 26,883 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 8.72 % |
| BMO.PR.T | FixedReset Disc | 25,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 17.10 Evaluated at bid price : 17.10 Bid-YTW : 8.99 % |
| PWF.PF.A | Perpetual-Discount | 25,524 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 16.13 Evaluated at bid price : 16.13 Bid-YTW : 7.06 % |
| BN.PR.Z | FixedReset Disc | 22,839 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-08-18 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 9.39 % |
| There were 10 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.L | FixedReset Ins Non | Quote: 16.01 – 17.80 Spot Rate : 1.7900 Average : 1.1180 YTW SCENARIO |
| CU.PR.I | FixedReset Disc | Quote: 20.80 – 22.00 Spot Rate : 1.2000 Average : 0.8109 YTW SCENARIO |
| PVS.PR.K | SplitShare | Quote: 20.52 – 21.40 Spot Rate : 0.8800 Average : 0.5752 YTW SCENARIO |
| TD.PF.L | FixedReset Disc | Quote: 23.04 – 23.96 Spot Rate : 0.9200 Average : 0.6235 YTW SCENARIO |
| RY.PR.J | FixedReset Disc | Quote: 18.25 – 19.45 Spot Rate : 1.2000 Average : 0.9427 YTW SCENARIO |
| IFC.PR.F | Insurance Straight | Quote: 19.75 – 20.50 Spot Rate : 0.7500 Average : 0.5308 YTW SCENARIO |
Manulife announced the reset rate on its MFC.PR.K shares – 6.35% – which is about a 7.8% yield at current prices (~20.24).
Option to convert is at GOC 5yr plus 2.22 for floating rate.
[…] Thanks to Assiduous Reader Fuzzybear for bringing this to my attention! […]
Mfc.pr.k is actually closer to 8%, the stock goes ex dividend on Aug 22.