Another new high for the TXPR price index today, 674.88 (close: 674.85), outpacing yesterday’s mark of 674.51.
| 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 | 0.2361 % | 2,347.8 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.2361 % | 4,570.2 |
| Floater | 6.80 % | 6.89 % | 50,204 | 12.67 | 2 | 0.2361 % | 2,633.8 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0393 % | 3,680.2 |
| SplitShare | 4.76 % | 4.23 % | 53,960 | 2.43 | 7 | 0.0393 % | 4,395.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0393 % | 3,429.1 |
| Perpetual-Premium | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0500 % | 3,012.3 |
| Perpetual-Discount | 5.71 % | 5.83 % | 46,426 | 14.14 | 32 | 0.0500 % | 3,284.8 |
| FixedReset Disc | 5.58 % | 6.25 % | 126,926 | 13.24 | 40 | 0.1559 % | 3,013.4 |
| Insurance Straight | 5.56 % | 5.67 % | 53,820 | 14.40 | 19 | 0.8073 % | 3,256.8 |
| FloatingReset | 5.55 % | 5.36 % | 38,475 | 14.86 | 2 | -0.2370 % | 3,688.4 |
| FixedReset Prem | 5.71 % | 4.82 % | 108,027 | 2.59 | 16 | 0.2369 % | 2,638.9 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1559 % | 3,080.3 |
| FixedReset Ins Non | 5.18 % | 5.56 % | 73,035 | 14.21 | 14 | -0.0496 % | 3,086.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.K | Perpetual-Discount | -3.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.05 Evaluated at bid price : 21.05 Bid-YTW : 5.91 % |
| IFC.PR.C | FixedReset Ins Non | -2.56 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.10 Evaluated at bid price : 23.60 Bid-YTW : 5.88 % |
| FTS.PR.K | FixedReset Disc | -1.74 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 22.16 Evaluated at bid price : 22.65 Bid-YTW : 5.79 % |
| IFC.PR.G | FixedReset Ins Non | -1.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.39 Evaluated at bid price : 25.00 Bid-YTW : 5.65 % |
| SLF.PR.J | FloatingReset | -1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 17.40 Evaluated at bid price : 17.40 Bid-YTW : 5.96 % |
| ENB.PR.A | Perpetual-Discount | -1.08 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.45 Evaluated at bid price : 23.74 Bid-YTW : 5.88 % |
| BN.PR.M | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 20.10 Evaluated at bid price : 20.10 Bid-YTW : 5.98 % |
| ENB.PR.H | FixedReset Disc | 1.14 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.89 Evaluated at bid price : 22.20 Bid-YTW : 6.13 % |
| MFC.PR.F | FixedReset Ins Non | 1.15 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 18.47 Evaluated at bid price : 18.47 Bid-YTW : 5.91 % |
| RY.PR.M | FixedReset Disc | 1.18 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-11-24 Maturity Price : 25.00 Evaluated at bid price : 24.94 Bid-YTW : 2.98 % |
| SLF.PR.E | Insurance Straight | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.23 Evaluated at bid price : 21.23 Bid-YTW : 5.36 % |
| CU.PR.C | FixedReset Disc | 1.36 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.48 Evaluated at bid price : 23.83 Bid-YTW : 5.75 % |
| FFH.PR.G | FixedReset Disc | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.73 Evaluated at bid price : 24.70 Bid-YTW : 5.64 % |
| PWF.PR.F | Perpetual-Discount | 1.85 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.81 Evaluated at bid price : 22.05 Bid-YTW : 5.98 % |
| MFC.PR.M | FixedReset Ins Non | 1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.16 Evaluated at bid price : 24.86 Bid-YTW : 5.45 % |
| GWO.PR.T | Insurance Straight | 2.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 22.23 Evaluated at bid price : 22.60 Bid-YTW : 5.74 % |
| MFC.PR.B | Insurance Straight | 3.39 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 5.52 % |
| GWO.PR.H | Insurance Straight | 4.73 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.91 Evaluated at bid price : 22.15 Bid-YTW : 5.52 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PR.P | FixedReset Disc | 208,950 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 18.25 Evaluated at bid price : 18.25 Bid-YTW : 6.27 % |
| SLF.PR.G | FixedReset Ins Non | 192,000 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 18.70 Evaluated at bid price : 18.70 Bid-YTW : 5.93 % |
| ENB.PF.K | FixedReset Disc | 67,900 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 23.13 Evaluated at bid price : 24.21 Bid-YTW : 6.49 % |
| MFC.PR.F | FixedReset Ins Non | 52,500 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 18.47 Evaluated at bid price : 18.47 Bid-YTW : 5.91 % |
| BN.PF.B | FixedReset Disc | 32,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 22.45 Evaluated at bid price : 23.15 Bid-YTW : 6.29 % |
| BN.PF.G | FixedReset Disc | 28,709 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-07-25 Maturity Price : 21.99 Evaluated at bid price : 22.51 Bid-YTW : 6.51 % |
| There were 3 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 |
| PWF.PR.K | Perpetual-Discount | Quote: 21.05 – 23.25 Spot Rate : 2.2000 Average : 1.3563 YTW SCENARIO |
| BN.PR.R | FixedReset Disc | Quote: 18.50 – 20.45 Spot Rate : 1.9500 Average : 1.5996 YTW SCENARIO |
| IFC.PR.C | FixedReset Ins Non | Quote: 23.60 – 24.12 Spot Rate : 0.5200 Average : 0.3037 YTW SCENARIO |
| SLF.PR.J | FloatingReset | Quote: 17.40 – 18.08 Spot Rate : 0.6800 Average : 0.4742 YTW SCENARIO |
| NA.PR.K | FixedReset Prem | Quote: 28.01 – 28.75 Spot Rate : 0.7400 Average : 0.5646 YTW SCENARIO |
| FTS.PR.K | FixedReset Disc | Quote: 22.65 – 23.00 Spot Rate : 0.3500 Average : 0.2072 YTW SCENARIO |
I’m not sure if I have missed something but it appears that html tag for this page has a date listed of July 25, 2017 (and a similar date in various other places in the html syntax ) when if would make more sense for it to be July 25, 2025. In the same html page, the “post-date” appears to be correct and is “July 25, 2025”
Oops! Fixed it!
I’ve been replacing posts (lost in the server crash) from 2017 for the past week … and habits die hard!
Thanks for making the change. It’s reassuring to know that I might not be crazy yet:) Hopefully you’ll be able to leave 2017 in the past soon…
iA Financial Corporation to acquire RF Capital Group Inc.
…
Pursuant to the Arrangement Agreement, iA will also acquire all of the issued and outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series B of RF Capital (the “Series B Preferred Shares”) for $25.00 per share in cash, representing a premium to the 30-day volume weighted average share price on the TSX for the period ending on July 25, 2025 of 63% (plus all accrued and unpaid dividends and, to the extent closing occurs prior to March 31, 2026, a cash amount per Series B Preferred Share equal to the amount of the dividends that would have been payable in respect of a Series B Preferred Share from (and including) closing to (and excluding) March 31, 2026, as if the Series B Preferred Shares had remained outstanding during this period)
[…] Thanks to Assiduous Reader Fireseeker for bringing this to my attention! […]