| 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 | 5.60 % | 5.84 % | 22,351 | 14.67 | 1 | 0.6885 % | 2,618.5 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.6645 % | 4,876.5 |
| Floater | 5.58 % | 5.66 % | 42,897 | 14.47 | 3 | -0.6645 % | 2,810.3 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0792 % | 3,637.1 |
| SplitShare | 4.79 % | 4.36 % | 53,339 | 2.74 | 5 | 0.0792 % | 4,343.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.0792 % | 3,388.9 |
| Perpetual-Premium | 5.71 % | 5.69 % | 69,536 | 14.02 | 7 | -0.2951 % | 3,055.1 |
| Perpetual-Discount | 5.60 % | 5.68 % | 39,006 | 14.32 | 29 | -0.1814 % | 3,371.8 |
| FixedReset Disc | 5.65 % | 5.89 % | 112,459 | 13.83 | 19 | 0.3869 % | 3,294.2 |
| Insurance Straight | 5.50 % | 5.54 % | 45,768 | 14.62 | 22 | 0.2791 % | 3,277.4 |
| FloatingReset | 4.70 % | 4.73 % | 18,762 | 16.05 | 1 | 0.0000 % | 4,023.4 |
| FixedReset Prem | 5.93 % | 4.68 % | 82,591 | 2.33 | 29 | 0.0656 % | 2,650.7 |
| FixedReset Bank Non | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.3869 % | 3,367.4 |
| FixedReset Ins Non | 5.33 % | 5.31 % | 52,185 | 14.58 | 14 | -0.2272 % | 3,202.9 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.S | Perpetual-Discount | -1.89 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 21.25 Evaluated at bid price : 21.25 Bid-YTW : 5.75 % |
| MFC.PR.J | FixedReset Ins Non | -1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 23.59 Evaluated at bid price : 24.82 Bid-YTW : 5.77 % |
| POW.PR.B | Perpetual-Discount | -1.78 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.93 Evaluated at bid price : 23.21 Bid-YTW : 5.76 % |
| PWF.PR.A | Floater | -1.11 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 14.30 Evaluated at bid price : 14.30 Bid-YTW : 5.52 % |
| ENB.PR.A | Perpetual-Discount | 1.01 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 24.83 Evaluated at bid price : 25.05 Bid-YTW : 5.54 % |
| ENB.PF.A | FixedReset Disc | 1.06 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.85 Evaluated at bid price : 23.85 Bid-YTW : 6.02 % |
| FTS.PR.J | Perpetual-Discount | 1.16 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.40 Evaluated at bid price : 22.66 Bid-YTW : 5.28 % |
| BN.PR.R | FixedReset Disc | 1.29 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.53 Evaluated at bid price : 23.47 Bid-YTW : 5.71 % |
| IFC.PR.M | Perpetual-Premium | 1.42 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 24.60 Evaluated at bid price : 25.00 Bid-YTW : 5.51 % |
| NA.PR.K | FixedReset Prem | 1.55 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-05-01 Maturity Price : 25.00 Evaluated at bid price : 28.10 Bid-YTW : 3.49 % |
| BN.PR.T | FixedReset Disc | 3.33 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.06 Evaluated at bid price : 22.68 Bid-YTW : 5.85 % |
| GWO.PR.T | Insurance Straight | 4.00 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 23.14 Evaluated at bid price : 23.40 Bid-YTW : 5.52 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| FTS.PR.M | FixedReset Prem | 795,098 | YTW SCENARIO Maturity Type : Call Maturity Date : 2029-12-01 Maturity Price : 25.00 Evaluated at bid price : 25.13 Bid-YTW : 5.47 % |
| GWO.PF.A | Perpetual-Discount | 252,705 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 24.58 Evaluated at bid price : 24.97 Bid-YTW : 5.73 % |
| BN.PR.K | Floater | 75,619 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 13.83 Evaluated at bid price : 13.83 Bid-YTW : 5.66 % |
| POW.PR.I | Perpetual-Premium | 20,020 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 24.41 Evaluated at bid price : 24.80 Bid-YTW : 5.69 % |
| BN.PR.T | FixedReset Disc | 19,644 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 22.06 Evaluated at bid price : 22.68 Bid-YTW : 5.85 % |
| MFC.PR.M | FixedReset Ins Non | 15,142 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2056-06-23 Maturity Price : 23.32 Evaluated at bid price : 25.02 Bid-YTW : 5.40 % |
| There were 4 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 |
| IFC.PR.E | Insurance Straight | Quote: 21.57 – 23.85 Spot Rate : 2.2800 Average : 1.8188 YTW SCENARIO |
| GWO.PR.N | FixedReset Ins Non | Quote: 19.26 – 20.50 Spot Rate : 1.2400 Average : 0.9587 YTW SCENARIO |
| GWO.PR.H | Insurance Straight | Quote: 21.65 – 22.49 Spot Rate : 0.8400 Average : 0.5663 YTW SCENARIO |
| PWF.PF.A | Perpetual-Discount | Quote: 20.41 – 21.20 Spot Rate : 0.7900 Average : 0.5287 YTW SCENARIO |
| POW.PR.B | Perpetual-Discount | Quote: 23.21 – 23.88 Spot Rate : 0.6700 Average : 0.4413 YTW SCENARIO |
| MFC.PR.J | FixedReset Ins Non | Quote: 24.82 – 25.99 Spot Rate : 1.1700 Average : 0.9494 YTW SCENARIO |