| 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 | 0.6786 % | 2,324.7 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.6786 % | 4,525.4 |
| Floater | 6.87 % | 6.92 % | 55,146 | 12.67 | 2 | 0.6786 % | 2,608.0 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1634 % | 3,659.8 |
| SplitShare | 4.78 % | 4.36 % | 58,010 | 2.48 | 7 | -0.1634 % | 4,370.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.1634 % | 3,410.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2351 % | 2,984.3 |
| Perpetual-Discount | 5.77 % | 5.90 % | 45,310 | 14.04 | 32 | -0.2351 % | 3,254.3 |
| FixedReset Disc | 5.67 % | 6.24 % | 114,775 | 13.20 | 40 | 0.3725 % | 2,964.8 |
| Insurance Straight | 5.71 % | 5.78 % | 49,482 | 14.26 | 19 | -0.3078 % | 3,171.0 |
| FloatingReset | 5.55 % | 5.40 % | 42,914 | 14.83 | 2 | -0.1671 % | 3,663.0 |
| FixedReset Prem | 5.73 % | 5.08 % | 97,901 | 2.63 | 16 | -0.1717 % | 2,626.5 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3725 % | 3,030.6 |
| FixedReset Ins Non | 5.26 % | 5.57 % | 62,813 | 14.24 | 14 | -0.2105 % | 3,039.7 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.M | FixedReset Ins Non | -8.84 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.15 Evaluated at bid price : 21.15 Bid-YTW : 6.44 % |
| BN.PR.N | Perpetual-Discount | -7.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 18.60 Evaluated at bid price : 18.60 Bid-YTW : 6.44 % |
| CU.PR.J | Perpetual-Discount | -2.95 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.05 Evaluated at bid price : 20.05 Bid-YTW : 6.01 % |
| PWF.PR.K | Perpetual-Discount | -2.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.80 Evaluated at bid price : 20.80 Bid-YTW : 6.07 % |
| GWO.PR.P | Insurance Straight | -2.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 22.78 Evaluated at bid price : 23.06 Bid-YTW : 5.89 % |
| MFC.PR.F | FixedReset Ins Non | -2.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 17.55 Evaluated at bid price : 17.55 Bid-YTW : 6.09 % |
| GWO.PR.T | Insurance Straight | -1.71 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.54 Evaluated at bid price : 21.85 Bid-YTW : 5.93 % |
| SLF.PR.D | Insurance Straight | -1.67 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.00 Evaluated at bid price : 20.00 Bid-YTW : 5.61 % |
| BN.PF.A | FixedReset Disc | -1.62 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 23.05 Evaluated at bid price : 24.25 Bid-YTW : 6.24 % |
| PVS.PR.L | SplitShare | -1.46 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2030-06-30 Maturity Price : 25.00 Evaluated at bid price : 25.57 Bid-YTW : 5.11 % |
| GWO.PR.S | Insurance Straight | -1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 22.22 Evaluated at bid price : 22.50 Bid-YTW : 5.87 % |
| SLF.PR.E | Insurance Straight | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.32 Evaluated at bid price : 20.32 Bid-YTW : 5.58 % |
| CU.PR.D | Perpetual-Discount | -1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.00 Evaluated at bid price : 21.00 Bid-YTW : 5.92 % |
| SLF.PR.C | Insurance Straight | -1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.41 Evaluated at bid price : 20.41 Bid-YTW : 5.49 % |
| PWF.PR.L | Perpetual-Discount | 1.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.89 Evaluated at bid price : 22.13 Bid-YTW : 5.87 % |
| IFC.PR.A | FixedReset Ins Non | 1.17 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 22.19 Evaluated at bid price : 22.53 Bid-YTW : 5.24 % |
| MFC.PR.J | FixedReset Ins Non | 1.32 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 23.53 Evaluated at bid price : 25.28 Bid-YTW : 5.57 % |
| BN.PR.B | Floater | 1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 12.58 Evaluated at bid price : 12.58 Bid-YTW : 6.95 % |
| POW.PR.D | Perpetual-Discount | 1.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.67 Evaluated at bid price : 21.92 Bid-YTW : 5.72 % |
| TD.PF.I | FixedReset Prem | 2.11 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.60 Bid-YTW : 3.94 % |
| ENB.PR.N | FixedReset Disc | 2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 22.81 Evaluated at bid price : 23.76 Bid-YTW : 6.21 % |
| MFC.PR.L | FixedReset Ins Non | 2.41 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 22.97 Evaluated at bid price : 24.25 Bid-YTW : 5.42 % |
| PWF.PR.T | FixedReset Disc | 2.53 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 23.03 Evaluated at bid price : 24.30 Bid-YTW : 5.59 % |
| GWO.PR.I | Insurance Straight | 3.64 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 19.65 Evaluated at bid price : 19.65 Bid-YTW : 5.77 % |
| BN.PR.R | FixedReset Disc | 8.30 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 19.32 Evaluated at bid price : 19.32 Bid-YTW : 6.68 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| RY.PR.M | FixedReset Disc | 213,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-11-24 Maturity Price : 25.00 Evaluated at bid price : 24.89 Bid-YTW : 5.12 % |
| BN.PR.X | FixedReset Disc | 136,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 6.39 % |
| BN.PF.G | FixedReset Disc | 40,200 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 21.74 Evaluated at bid price : 22.15 Bid-YTW : 6.54 % |
| ENB.PF.C | FixedReset Disc | 27,100 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.59 Evaluated at bid price : 20.59 Bid-YTW : 6.86 % |
| TD.PF.D | FixedReset Prem | 25,000 | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-08-30 Maturity Price : 25.00 Evaluated at bid price : 25.14 Bid-YTW : 4.85 % |
| ENB.PF.G | FixedReset Disc | 23,700 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-07 Maturity Price : 20.59 Evaluated at bid price : 20.59 Bid-YTW : 6.90 % |
| There were 9 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible. | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.M | FixedReset Ins Non | Quote: 21.15 – 24.55 Spot Rate : 3.4000 Average : 2.1963 YTW SCENARIO |
| CU.PR.D | Perpetual-Discount | Quote: 21.00 – 22.55 Spot Rate : 1.5500 Average : 1.0145 YTW SCENARIO |
| ENB.PF.C | FixedReset Disc | Quote: 20.59 – 22.00 Spot Rate : 1.4100 Average : 0.8936 YTW SCENARIO |
| BN.PR.N | Perpetual-Discount | Quote: 18.60 – 20.00 Spot Rate : 1.4000 Average : 0.8958 YTW SCENARIO |
| PVS.PR.L | SplitShare | Quote: 25.57 – 26.99 Spot Rate : 1.4200 Average : 1.0650 YTW SCENARIO |
| PWF.PR.K | Perpetual-Discount | Quote: 20.80 – 21.60 Spot Rate : 0.8000 Average : 0.4977 YTW SCENARIO |