| 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 | -0.2500 % | 2,991.3 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2500 % | 5,489.0 |
| Floater | 3.36 % | 3.57 % | 77,330 | 18.35 | 4 | -0.2500 % | 3,163.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0159 % | 3,180.7 |
| SplitShare | 4.62 % | 4.51 % | 66,286 | 4.96 | 5 | 0.0159 % | 3,798.5 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0159 % | 2,963.7 |
| Perpetual-Premium | 5.62 % | -7.65 % | 61,030 | 0.09 | 9 | -0.1001 % | 2,896.0 |
| Perpetual-Discount | 5.36 % | 5.48 % | 61,195 | 14.63 | 26 | -0.0997 % | 2,981.1 |
| FixedReset | 4.33 % | 4.60 % | 137,835 | 5.67 | 106 | 0.0014 % | 2,536.0 |
| Deemed-Retractible | 5.15 % | 5.85 % | 70,218 | 5.52 | 27 | -0.0967 % | 2,967.8 |
| FloatingReset | 3.06 % | 3.67 % | 35,536 | 3.43 | 9 | 0.1103 % | 2,801.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| MFC.PR.G | FixedReset | -5.19 % | A nonsensical quote from Nonsense Central, as this issue traded a whopping 1,000 shares in a ridiculous range of 23.77-29 (closing at the high) before being quoted at 23.00-24.40.
I have not checked whether this lamentable state of affairs is due to inadequate Toronto Stock Exchange reporting or inadequate Toronto Stock Exchange supervision of market-makers. It’s a real shame that this moronic quote is being foisted on the public at the end of the second quarter. Fund valuators with more than one working brain cell, who therefore use bid-ask quotes rather than closing prices, will be forced to make a decision regarding what price to use for this issue, with a wide range of perfectly reasonable possibilities. That is, of course, assuming that they notice something odd about the quote, which is by no means assured. But who cares? It only affects retail investor scum. Fuck ’em. YTW SCENARIO |
| PWF.PR.P | FixedReset | -1.80 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 19.05 Evaluated at bid price : 19.05 Bid-YTW : 4.47 % |
| CU.PR.F | Perpetual-Discount | -1.45 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 21.11 Evaluated at bid price : 21.11 Bid-YTW : 5.39 % |
| SLF.PR.H | FixedReset | -1.23 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.70 Bid-YTW : 5.93 % |
| SLF.PR.A | Deemed-Retractible | -1.07 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.26 Bid-YTW : 6.88 % |
| HSE.PR.G | FixedReset | -1.04 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2020-06-30 Maturity Price : 25.00 Evaluated at bid price : 24.80 Bid-YTW : 5.05 % |
| SLF.PR.D | Deemed-Retractible | -1.02 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.40 Bid-YTW : 7.27 % |
| BAM.PR.X | FixedReset | 1.05 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 18.20 Evaluated at bid price : 18.20 Bid-YTW : 4.87 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| PWF.PR.Q | FloatingReset | 133,800 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 21.35 Evaluated at bid price : 21.35 Bid-YTW : 3.33 % |
| SLF.PR.D | Deemed-Retractible | 32,792 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 21.40 Bid-YTW : 7.27 % |
| BAM.PR.B | Floater | 28,323 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 16.80 Evaluated at bid price : 16.80 Bid-YTW : 3.59 % |
| BNS.PR.R | FixedReset | 28,300 | YTW SCENARIO Maturity Type : Call Maturity Date : 2019-01-26 Maturity Price : 25.00 Evaluated at bid price : 24.93 Bid-YTW : 3.81 % |
| NA.PR.G | FixedReset | 20,440 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 23.13 Evaluated at bid price : 24.99 Bid-YTW : 4.72 % |
| EMA.PR.H | FixedReset | 19,109 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2048-06-29 Maturity Price : 23.20 Evaluated at bid price : 25.13 Bid-YTW : 4.81 % |
| There were 8 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| MFC.PR.G | FixedReset | Quote: 23.00 – 24.40 Spot Rate : 1.4000 Average : 0.7886 YTW SCENARIO |
| BAM.PF.E | FixedReset | Quote: 22.90 – 23.70 Spot Rate : 0.8000 Average : 0.5172 YTW SCENARIO |
| BAM.PR.K | Floater | Quote: 16.90 – 17.61 Spot Rate : 0.7100 Average : 0.4883 YTW SCENARIO |
| BAM.PF.G | FixedReset | Quote: 24.00 – 24.53 Spot Rate : 0.5300 Average : 0.3176 YTW SCENARIO |
| PWF.PR.P | FixedReset | Quote: 19.05 – 19.60 Spot Rate : 0.5500 Average : 0.3455 YTW SCENARIO |
| MFC.PR.Q | FixedReset | Quote: 24.27 – 24.70 Spot Rate : 0.4300 Average : 0.2604 YTW SCENARIO |