| 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 | 0.1291 % | 2,247.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1291 % | 4,310.7 |
| Floater | 10.83 % | 11.05 % | 34,104 | 8.73 | 2 | 0.1291 % | 2,484.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0180 % | 3,414.3 |
| SplitShare | 4.93 % | 7.27 % | 50,935 | 1.94 | 7 | -0.0180 % | 4,077.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0180 % | 3,181.3 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2676 % | 2,680.4 |
| Perpetual-Discount | 6.41 % | 6.57 % | 50,353 | 13.11 | 34 | 0.2676 % | 2,922.9 |
| FixedReset Disc | 5.54 % | 7.46 % | 119,103 | 12.13 | 59 | 0.5780 % | 2,368.6 |
| Insurance Straight | 6.26 % | 6.44 % | 76,031 | 13.25 | 20 | 0.7003 % | 2,894.9 |
| FloatingReset | 10.08 % | 10.55 % | 29,244 | 9.08 | 5 | -0.0222 % | 2,663.9 |
| FixedReset Prem | 6.89 % | 6.40 % | 161,286 | 3.32 | 1 | 0.1190 % | 2,534.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.5780 % | 2,421.2 |
| FixedReset Ins Non | 5.40 % | 7.05 % | 100,600 | 12.53 | 14 | 0.4976 % | 2,631.8 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.D | Perpetual-Discount | -2.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.02 Evaluated at bid price : 19.02 Bid-YTW : 6.57 % |
| PVS.PR.K | SplitShare | -1.67 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2029-05-31 Maturity Price : 25.00 Evaluated at bid price : 22.32 Bid-YTW : 7.09 % |
| CCS.PR.C | Insurance Straight | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.31 Evaluated at bid price : 19.31 Bid-YTW : 6.57 % |
| GWO.PR.H | Insurance Straight | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.11 Evaluated at bid price : 19.11 Bid-YTW : 6.43 % |
| GWO.PR.Y | Insurance Straight | 1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.15 Evaluated at bid price : 18.15 Bid-YTW : 6.28 % |
| GWO.PR.I | Insurance Straight | 1.12 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 6.34 % |
| NA.PR.S | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 20.48 Evaluated at bid price : 20.48 Bid-YTW : 7.32 % |
| PWF.PF.A | Perpetual-Discount | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 17.80 Evaluated at bid price : 17.80 Bid-YTW : 6.37 % |
| CU.PR.J | Perpetual-Discount | 1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.93 Evaluated at bid price : 18.93 Bid-YTW : 6.40 % |
| PVS.PR.J | SplitShare | 1.29 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2028-02-29 Maturity Price : 25.00 Evaluated at bid price : 22.70 Bid-YTW : 7.27 % |
| BN.PF.H | FixedReset Disc | 1.35 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 22.29 Evaluated at bid price : 22.60 Bid-YTW : 8.25 % |
| TD.PF.B | FixedReset Disc | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 21.45 Evaluated at bid price : 21.45 Bid-YTW : 6.81 % |
| RY.PR.N | Perpetual-Discount | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 21.50 Evaluated at bid price : 21.50 Bid-YTW : 5.71 % |
| BMO.PR.S | FixedReset Disc | 1.47 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 21.38 Evaluated at bid price : 21.38 Bid-YTW : 6.92 % |
| SLF.PR.D | Insurance Straight | 1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.09 Evaluated at bid price : 19.09 Bid-YTW : 5.90 % |
| BN.PF.F | FixedReset Disc | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.31 Evaluated at bid price : 18.31 Bid-YTW : 8.79 % |
| BN.PF.B | FixedReset Disc | 1.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.41 Evaluated at bid price : 19.41 Bid-YTW : 8.12 % |
| FFH.PR.K | FixedReset Disc | 1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 8.37 % |
| CM.PR.O | FixedReset Disc | 1.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.91 Evaluated at bid price : 19.91 Bid-YTW : 7.36 % |
| BMO.PR.W | FixedReset Disc | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.42 % |
| MFC.PR.C | Insurance Straight | 1.88 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 6.01 % |
| GWO.PR.G | Insurance Straight | 2.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 20.60 Evaluated at bid price : 20.60 Bid-YTW : 6.40 % |
| BMO.PR.T | FixedReset Disc | 2.25 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 7.23 % |
| IFC.PR.A | FixedReset Ins Non | 3.50 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.94 Evaluated at bid price : 18.94 Bid-YTW : 6.93 % |
| NA.PR.W | FixedReset Disc | 4.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.54 % |
| SLF.PR.C | Insurance Straight | 5.52 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.92 Evaluated at bid price : 18.92 Bid-YTW : 5.96 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| TD.PF.J | FixedReset Disc | 213,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 21.65 Evaluated at bid price : 21.97 Bid-YTW : 7.01 % |
| CM.PR.P | FixedReset Disc | 101,901 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 18.55 Evaluated at bid price : 18.55 Bid-YTW : 7.70 % |
| SLF.PR.H | FixedReset Ins Non | 100,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.00 Evaluated at bid price : 19.00 Bid-YTW : 7.00 % |
| CM.PR.O | FixedReset Disc | 96,580 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.91 Evaluated at bid price : 19.91 Bid-YTW : 7.36 % |
| BMO.PR.W | FixedReset Disc | 91,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 19.30 Evaluated at bid price : 19.30 Bid-YTW : 7.42 % |
| RY.PR.Z | FixedReset Disc | 83,466 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-01-30 Maturity Price : 20.35 Evaluated at bid price : 20.35 Bid-YTW : 7.12 % |
| There were 22 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| TD.PF.J | FixedReset Disc | Quote: 21.97 – 23.72 Spot Rate : 1.7500 Average : 0.9937 YTW SCENARIO |
| BN.PR.Z | FixedReset Disc | Quote: 19.75 – 20.84 Spot Rate : 1.0900 Average : 0.6945 YTW SCENARIO |
| MFC.PR.L | FixedReset Ins Non | Quote: 19.51 – 21.00 Spot Rate : 1.4900 Average : 1.1651 YTW SCENARIO |
| GWO.PR.Q | Insurance Straight | Quote: 20.10 – 21.28 Spot Rate : 1.1800 Average : 0.9476 YTW SCENARIO |
| CU.PR.D | Perpetual-Discount | Quote: 19.02 – 19.72 Spot Rate : 0.7000 Average : 0.5208 YTW SCENARIO |
| MFC.PR.Q | FixedReset Ins Non | Quote: 22.50 – 23.00 Spot Rate : 0.5000 Average : 0.3562 YTW SCENARIO |
https://www.enbridge.com/media-center/news/details?id=123798&lang=en
https://www.enbridge.com/media-center/news/details?id=123797&lang=en
https://www.enbridge.com/media-center/news/details?id=123796&lang=en
Total of 3 ENB pref shares being reset as of 31 Jan., as cited by newbiepref:
ENB.PF.V: reset at 6.683% (US 5yr T + 2.50%)
ENB.PR.J: reset at 5.988% (GOC 5yr + 2.57%)
ENB.PR.P: reset at 5.918% (GOC 5yr + 2.50%)
and another pipeline had one today too: https://www.pembina.com/media-centre/news/details/c53adbaa-794e-42a9-9fa9-265705dfec67
Enbridge says:
> being equal to the five-year Government of Canada bond yield of 3.418
where as Pembina says:
> being equal to the five-year Government of Canada bond yield of 3.419
something seems ever so slightly off here.
[…] Thanks to Assiduous Reader newbiepref for bringing this to my attention! […]
… and I have made inquiries about FTS.PR.K, which some of us remember is considered to be TOP SECRET INFORMATION by the issuer.
something seems ever so slightly off here.
Remember that FixedReset Prospectuses Are Imprecise!
[…] Thanks to Assiduous Reader newbiepref for bringing this to my attention! […]
[…] Thanks to Assiduous Reader avocado for bringing this to my attention! […]