| 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 | 0.1789 % | 2,416.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1789 % | 4,582.2 |
| Floater | 5.96 % | 6.26 % | 55,623 | 13.48 | 3 | 0.1789 % | 2,640.7 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0078 % | 3,686.4 |
| SplitShare | 4.74 % | 4.77 % | 64,534 | 3.23 | 5 | -0.0078 % | 4,402.3 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.0078 % | 3,434.8 |
| Perpetual-Premium | 5.67 % | 5.53 % | 76,665 | 6.89 | 7 | 0.0057 % | 3,093.5 |
| Perpetual-Discount | 5.56 % | 5.60 % | 47,407 | 14.48 | 25 | -0.1744 % | 3,365.4 |
| FixedReset Disc | 5.85 % | 6.09 % | 113,529 | 13.60 | 30 | 0.0150 % | 3,060.5 |
| Insurance Straight | 5.46 % | 5.53 % | 57,697 | 14.50 | 21 | -0.1489 % | 3,328.3 |
| FloatingReset | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0150 % | 3,640.8 |
| FixedReset Prem | 5.89 % | 4.98 % | 107,328 | 2.70 | 21 | -0.1219 % | 2,632.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0150 % | 3,128.5 |
| FixedReset Ins Non | 5.18 % | 5.38 % | 63,246 | 14.43 | 15 | -0.1925 % | 3,092.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| CU.PR.F | Perpetual-Discount | -5.24 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 19.72 Evaluated at bid price : 19.72 Bid-YTW : 5.73 % |
| ENB.PR.H | FixedReset Disc | -2.69 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.80 Evaluated at bid price : 22.04 Bid-YTW : 5.83 % |
| BN.PR.N | Perpetual-Discount | -2.19 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 20.55 Evaluated at bid price : 20.55 Bid-YTW : 5.88 % |
| MFC.PR.C | Insurance Straight | -1.37 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.38 Evaluated at bid price : 21.65 Bid-YTW : 5.27 % |
| IFC.PR.C | FixedReset Ins Non | -1.26 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 22.90 Evaluated at bid price : 23.50 Bid-YTW : 5.72 % |
| ENB.PR.J | FixedReset Disc | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.77 Evaluated at bid price : 22.05 Bid-YTW : 6.25 % |
| POW.PR.D | Perpetual-Discount | 1.68 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 22.68 Evaluated at bid price : 22.97 Bid-YTW : 5.50 % |
| ENB.PR.F | FixedReset Disc | 2.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.42 Evaluated at bid price : 21.42 Bid-YTW : 6.27 % |
| GWO.PR.L | Insurance Straight | 2.01 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2025-12-18 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : -4.49 % |
| ENB.PF.E | FixedReset Disc | 2.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.51 Evaluated at bid price : 21.80 Bid-YTW : 6.25 % |
| BN.PF.G | FixedReset Disc | 3.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 22.30 Evaluated at bid price : 23.00 Bid-YTW : 6.20 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| IFC.PR.M | Perpetual-Premium | 50,840 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 24.59 Evaluated at bid price : 24.98 Bid-YTW : 5.53 % |
| FFH.PR.K | FixedReset Prem | 39,166 | YTW SCENARIO Maturity Type : Call Maturity Date : 2027-03-31 Maturity Price : 25.00 Evaluated at bid price : 25.60 Bid-YTW : 3.77 % |
| ENB.PR.D | FixedReset Disc | 37,300 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 20.74 Evaluated at bid price : 20.74 Bid-YTW : 6.30 % |
| IFC.PR.G | FixedReset Ins Non | 33,975 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 23.58 Evaluated at bid price : 25.40 Bid-YTW : 5.35 % |
| POW.PR.H | Perpetual-Premium | 26,600 | YTW SCENARIO Maturity Type : Call Maturity Date : 2034-10-15 Maturity Price : 25.00 Evaluated at bid price : 25.58 Bid-YTW : 5.59 % |
| ENB.PR.P | FixedReset Disc | 11,947 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2055-11-18 Maturity Price : 21.35 Evaluated at bid price : 21.66 Bid-YTW : 6.28 % |
| There were 2 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.S | Perpetual-Discount | Quote: 16.60 – 22.28 Spot Rate : 5.6800 Average : 4.7962 YTW SCENARIO |
| CU.PR.G | Perpetual-Discount | Quote: 20.67 – 22.00 Spot Rate : 1.3300 Average : 0.9017 YTW SCENARIO |
| PWF.PF.A | Perpetual-Discount | Quote: 19.00 – 20.90 Spot Rate : 1.9000 Average : 1.5599 YTW SCENARIO |
| BN.PR.N | Perpetual-Discount | Quote: 20.55 – 21.59 Spot Rate : 1.0400 Average : 0.7208 YTW SCENARIO |
| SLF.PR.E | Insurance Straight | Quote: 19.90 – 22.00 Spot Rate : 2.1000 Average : 1.8104 YTW SCENARIO |
| MFC.PR.B | Insurance Straight | Quote: 21.86 – 22.75 Spot Rate : 0.8900 Average : 0.6318 YTW SCENARIO |
Another new offering, this time a rate reset, https://bn.brookfield.com/press-releases/brookfield-corporation-issue-c200-million-preferred-shares-and-redeem-minimum-c200
[…] Thanks to Assiduous Reader P_I for bringing this to my attention! […]