These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref™ indices.
April 2009 | ||||
Issue | Index | DBRS Rating | Monthly Performance | Notes (“Now” means “April 30”) |
ACO.PR.A | OpRet | Pfd-2(low) | -1.87% | Now with a pre-tax bid-YTW of 2.58% based on a bid of 26.25 and a call 2009-12-31 at 25.50. |
GWO.PR.X | OpRet | Pfd-1(low) | +0.40% | Now with a pre-tax bid-YTW of 4.77% based on a bid of 25.15 and a softMaturity 2013-9-29 at 25.00. |
MFC.PR.A | OpRet | Pfd-1(low) | +0.73% | Now with a pre-tax bid-YTW of 4.29% based on a bid of 24.87 and a softMaturity 2015-12-18 at 25.00. |
CM.PR.A | OpRet | Pfd-1 | +0.98% | Now with a pre-tax bid-YTW of -9.75% based on a bid of 25.82 and a call 2009-5-30 at 25.00. |
TCA.PR.Y | PerpetualDiscount | Pfd-2(low) | +1.06% | Now with a pre-tax bid-YTW of 5.99% based on a bid of 46.72 and a limitMaturity. |
… | … | … | … | … |
MFC.PR.C | PerpetualDiscount | Pfd-1(low) | +15.59% | The second-worst performer in March. Now with a pre-tax bid-YTW of 6.59% based on a bid of 17.35 and a limitMaturity. |
ELF.PR.G | PerpetualDiscount | Pfd-2(low) | +16.23% | Now with a pre-tax bid-YTW of 7.81% based on a bid of 15.40 and a limitMaturity. |
PWF.PR.L | PerpetualDiscount | Pfd-1(low) | +16.60% | Now with a pre-tax bid-YTW of 6.84% based on a bid of 18.80 and a limitMaturity. |
IAG.PR.A | PerpetualDiscount | Pfd-2(high) | +18.00% | Was the worst performer in March – this issue is notoriously volatile. Now with a pre-tax bid-YTW of 6.90% based on a bid of 16.91 and a limitMaturity. |
BNA.PR.C | SplitShare | Pfd-2(low) | +21.60% | Now with a pre-tax bid-YTW of 13.01% based on a bid of 13.51 and a hardMaturity 2019-1-10 at 25.00 |
As the official guardian of the pref share patrimony what is your opinion on the recent redemption of sub-debt by both RBC and CIBC. RBC redeemed $1.0G @ 4.18% and CIBC redeem $0.75G @ 4.25%. In the case of RBC just this year alone they issued Net $1.576G of prefs @ 6.22%
These actions are not clear to me but they certainly maybe clear to you!
[…] an unrelated thread, Assiduous Reader GAndreone asked: As the official guardian of the pref share patrimony what is your opinion on the recent redemption […]
[…] the second-best performer in April. This issue is notoriously volatile. Now with a pre-tax bid-YTW of 7.19% based on a bid of 16.02 […]