I don’t usually mention NCIB notices because they’re so often meaningless, but Assiduous Reader PL sent me a note about the FFH NCIB today, so why not post it?
| 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 | 0.2235 % | 2,166.4 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2235 % | 4,155.1 |
| Floater | 11.24 % | 11.41 % | 34,092 | 8.56 | 2 | 0.2235 % | 2,394.6 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.2471 % | 3,288.8 |
| SplitShare | 5.09 % | 8.24 % | 44,071 | 1.94 | 7 | -1.2471 % | 3,927.6 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -1.2471 % | 3,064.4 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1152 % | 2,488.2 |
| Perpetual-Discount | 6.90 % | 7.08 % | 44,485 | 12.39 | 31 | 0.1152 % | 2,713.3 |
| FixedReset Disc | 6.03 % | 9.21 % | 100,981 | 10.64 | 56 | 0.1809 % | 2,117.3 |
| Insurance Straight | 6.86 % | 6.97 % | 57,637 | 12.61 | 16 | -0.0870 % | 2,620.0 |
| FloatingReset | 11.14 % | 11.30 % | 39,878 | 8.63 | 1 | 1.0884 % | 2,390.1 |
| FixedReset Prem | 0.00 % | 0.00 % | 0 | 0.00 | 1 | 0.1809 % | 2,320.4 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1809 % | 2,164.3 |
| FixedReset Ins Non | 6.32 % | 9.04 % | 59,273 | 10.98 | 13 | -0.1225 % | 2,283.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PVS.PR.H | SplitShare | -3.88 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2027-02-28 Maturity Price : 25.00 Evaluated at bid price : 21.82 Bid-YTW : 9.31 % |
| PVS.PR.J | SplitShare | -2.47 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 21.70 Bid-YTW : 8.15 % |
| POW.PR.D | Perpetual-Discount | -2.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.77 Evaluated at bid price : 17.77 Bid-YTW : 7.08 % |
| CU.PR.E | Perpetual-Discount | -2.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.56 Evaluated at bid price : 17.56 Bid-YTW : 7.09 % |
| PVS.PR.I | SplitShare | -2.10 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-10-31 Maturity Price : 25.00 Evaluated at bid price : 23.35 Bid-YTW : 8.50 % |
| MFC.PR.K | FixedReset Ins Non | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 19.55 Evaluated at bid price : 19.55 Bid-YTW : 8.46 % |
| NA.PR.S | FixedReset Disc | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 18.10 Evaluated at bid price : 18.10 Bid-YTW : 9.31 % |
| CU.PR.J | Perpetual-Discount | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 16.82 Evaluated at bid price : 16.82 Bid-YTW : 7.17 % |
| NA.PR.E | FixedReset Disc | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 8.28 % |
| SLF.PR.J | FloatingReset | 1.09 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 14.86 Evaluated at bid price : 14.86 Bid-YTW : 11.30 % |
| BIK.PR.A | FixedReset Disc | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 9.83 % |
| CM.PR.T | FixedReset Disc | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 22.66 Evaluated at bid price : 23.35 Bid-YTW : 8.05 % |
| PWF.PR.T | FixedReset Disc | 1.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 8.93 % |
| BN.PF.G | FixedReset Disc | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 14.55 Evaluated at bid price : 14.55 Bid-YTW : 11.39 % |
| BMO.PR.E | FixedReset Disc | 2.65 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 22.41 Evaluated at bid price : 23.25 Bid-YTW : 7.62 % |
| CU.PR.D | Perpetual-Discount | 6.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.71 Evaluated at bid price : 17.71 Bid-YTW : 7.02 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.M | FixedReset Disc | 55,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 16.75 Evaluated at bid price : 16.75 Bid-YTW : 9.49 % |
| RY.PR.J | FixedReset Disc | 19,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.87 Evaluated at bid price : 17.87 Bid-YTW : 9.32 % |
| BMO.PR.S | FixedReset Disc | 17,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 18.16 Evaluated at bid price : 18.16 Bid-YTW : 9.15 % |
| TD.PF.D | FixedReset Disc | 15,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.67 Evaluated at bid price : 17.67 Bid-YTW : 9.43 % |
| RY.PR.H | FixedReset Disc | 13,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 17.83 Evaluated at bid price : 17.83 Bid-YTW : 9.12 % |
| BMO.PR.E | FixedReset Disc | 12,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2053-10-02 Maturity Price : 22.41 Evaluated at bid price : 23.25 Bid-YTW : 7.62 % |
| There were 3 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.C | FixedReset Disc | Quote: 17.36 – 21.72 Spot Rate : 4.3600 Average : 2.6616 YTW SCENARIO |
| CU.PR.F | Perpetual-Discount | Quote: 16.41 – 18.43 Spot Rate : 2.0200 Average : 1.1539 YTW SCENARIO |
| POW.PR.B | Perpetual-Discount | Quote: 19.05 – 23.00 Spot Rate : 3.9500 Average : 3.1169 YTW SCENARIO |
| CU.PR.I | FixedReset Disc | Quote: 21.20 – 23.95 Spot Rate : 2.7500 Average : 2.0839 YTW SCENARIO |
| PVS.PR.H | SplitShare | Quote: 21.82 – 23.00 Spot Rate : 1.1800 Average : 0.8385 YTW SCENARIO |
| TD.PF.C | FixedReset Disc | Quote: 17.40 – 18.24 Spot Rate : 0.8400 Average : 0.5054 YTW SCENARIO |
https://www.globenewswire.com/news-release/2023/09/29/2752285/0/en/Big-Banc-Split-Corp-Announces-Extension-of-Term-and-Increased-Distribution-Rates-For-Class-A-Shares-and-Preferred-Shares.html
[…] Thanks to Assiduous Reader newbiepref for bringing this to my attention! […]