| 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 | -0.0873 % | 2,181.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0873 % | 4,184.7 |
| Floater | 9.87 % | 9.95 % | 86,656 | 9.64 | 2 | -0.0873 % | 2,411.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1723 % | 3,572.9 |
| SplitShare | 4.66 % | 5.05 % | 37,868 | 1.07 | 4 | 0.1723 % | 4,266.8 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1723 % | 3,329.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2001 % | 2,925.3 |
| Perpetual-Discount | 5.88 % | 6.00 % | 55,574 | 13.84 | 31 | 0.2001 % | 3,189.9 |
| FixedReset Disc | 5.49 % | 6.56 % | 115,301 | 12.96 | 58 | -0.3124 % | 2,662.6 |
| Insurance Straight | 5.74 % | 5.77 % | 65,418 | 14.29 | 20 | 0.0069 % | 3,154.2 |
| FloatingReset | 8.35 % | 8.44 % | 33,492 | 10.99 | 2 | -0.6760 % | 2,739.1 |
| FixedReset Prem | 6.43 % | 5.52 % | 219,507 | 13.57 | 7 | 0.0111 % | 2,577.2 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.3124 % | 2,721.7 |
| FixedReset Ins Non | 5.15 % | 5.91 % | 102,431 | 14.15 | 14 | 0.8397 % | 2,851.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BN.PR.X | FixedReset Disc | -10.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 15.21 Evaluated at bid price : 15.21 Bid-YTW : 7.55 % |
| BN.PR.T | FixedReset Disc | -5.63 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 15.76 Evaluated at bid price : 15.76 Bid-YTW : 7.71 % |
| BN.PF.E | FixedReset Disc | -5.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 17.07 Evaluated at bid price : 17.07 Bid-YTW : 7.71 % |
| BN.PR.Z | FixedReset Disc | -2.97 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 21.20 Evaluated at bid price : 21.20 Bid-YTW : 6.88 % |
| BIP.PR.E | FixedReset Disc | -2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 22.43 Evaluated at bid price : 23.08 Bid-YTW : 6.46 % |
| BN.PF.A | FixedReset Disc | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 22.53 Evaluated at bid price : 23.34 Bid-YTW : 6.36 % |
| FFH.PR.D | FloatingReset | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 21.65 Evaluated at bid price : 21.65 Bid-YTW : 8.44 % |
| RY.PR.N | Perpetual-Discount | -1.07 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 23.72 Evaluated at bid price : 24.00 Bid-YTW : 5.14 % |
| PWF.PR.R | Perpetual-Discount | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 22.84 Evaluated at bid price : 23.12 Bid-YTW : 6.04 % |
| CU.PR.D | Perpetual-Discount | 2.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.88 % |
| MFC.PR.F | FixedReset Ins Non | 3.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 16.55 Evaluated at bid price : 16.55 Bid-YTW : 6.01 % |
| BN.PF.G | FixedReset Disc | 4.54 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 18.66 Evaluated at bid price : 18.66 Bid-YTW : 7.35 % |
| PWF.PR.P | FixedReset Disc | 6.18 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 14.95 Evaluated at bid price : 14.95 Bid-YTW : 6.97 % |
| SLF.PR.H | FixedReset Ins Non | 9.44 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 19.70 Evaluated at bid price : 19.70 Bid-YTW : 5.95 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| MFC.PR.I | FixedReset Ins Non | 125,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 23.20 Evaluated at bid price : 24.51 Bid-YTW : 5.77 % |
| ENB.PR.B | FixedReset Disc | 105,515 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 18.00 Evaluated at bid price : 18.00 Bid-YTW : 7.26 % |
| MFC.PR.L | FixedReset Ins Non | 81,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 22.39 Evaluated at bid price : 23.18 Bid-YTW : 5.56 % |
| MFC.PR.B | Insurance Straight | 57,569 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 20.57 Evaluated at bid price : 20.57 Bid-YTW : 5.69 % |
| MFC.PR.C | Insurance Straight | 48,297 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 20.15 Evaluated at bid price : 20.15 Bid-YTW : 5.62 % |
| SLF.PR.D | Insurance Straight | 41,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2054-09-20 Maturity Price : 20.47 Evaluated at bid price : 20.47 Bid-YTW : 5.46 % |
| There were 15 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| CU.PR.G | Perpetual-Discount | Quote: 16.00 – 19.78 Spot Rate : 3.7800 Average : 2.9725 YTW SCENARIO |
| BN.PR.X | FixedReset Disc | Quote: 15.21 – 17.02 Spot Rate : 1.8100 Average : 1.3697 YTW SCENARIO |
| BN.PR.T | FixedReset Disc | Quote: 15.76 – 16.82 Spot Rate : 1.0600 Average : 0.6757 YTW SCENARIO |
| BN.PF.E | FixedReset Disc | Quote: 17.07 – 18.01 Spot Rate : 0.9400 Average : 0.6483 YTW SCENARIO |
| BN.PR.Z | FixedReset Disc | Quote: 21.20 – 22.03 Spot Rate : 0.8300 Average : 0.5642 YTW SCENARIO |
| BIP.PR.A | FixedReset Disc | Quote: 19.00 – 21.60 Spot Rate : 2.6000 Average : 2.3352 YTW SCENARIO |
I don’t know anything about split corps but in case this is of interest to anyone:
https://www.globenewswire.com/news-release/2024/09/23/2951482/0/en/Partners-Value-Split-Corp-Announces-125-000-000-Public-Offering-of-Class-AA-Preferred-Shares-Series-14.html
[…] Thanks to Assiduous Reader IrateAR for bringing this to my attention! […]