A very nice day for the Canadian preferred share market, with PerpetualDiscounts up 29bp and FixedResets gaining 4bp, on continued moderate volume. There were no losers in the Performance hightlights!
| 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 | 1.0355 % | 1,513.3 |
| FixedFloater | 5.98 % | 4.10 % | 43,618 | 18.69 | 1 | 0.7194 % | 2,607.4 |
| Floater | 2.58 % | 2.98 % | 93,344 | 19.73 | 3 | 1.0355 % | 1,890.6 |
| OpRet | 4.80 % | -4.39 % | 121,636 | 0.09 | 14 | 0.1420 % | 2,307.7 |
| SplitShare | 6.36 % | -11.09 % | 340,826 | 0.08 | 2 | 1.3449 % | 2,113.4 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1420 % | 2,110.2 |
| Perpetual-Premium | 5.91 % | 5.55 % | 124,763 | 2.41 | 4 | 0.2294 % | 1,860.7 |
| Perpetual-Discount | 5.86 % | 5.94 % | 182,839 | 13.99 | 70 | 0.2854 % | 1,769.8 |
| FixedReset | 5.47 % | 3.97 % | 384,413 | 3.94 | 41 | 0.0370 % | 2,135.3 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| PWF.PR.L | Perpetual-Discount | 1.13 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 21.55 Evaluated at bid price : 21.55 Bid-YTW : 5.98 % |
| POW.PR.A | Perpetual-Discount | 1.22 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 23.06 Evaluated at bid price : 23.32 Bid-YTW : 6.07 % |
| HSB.PR.D | Perpetual-Discount | 1.34 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 21.53 Evaluated at bid price : 21.86 Bid-YTW : 5.79 % |
| MFC.PR.B | Perpetual-Discount | 1.40 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 19.61 Evaluated at bid price : 19.61 Bid-YTW : 5.94 % |
| BMO.PR.J | Perpetual-Discount | 1.46 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.60 % |
| RY.PR.C | Perpetual-Discount | 1.72 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 20.75 Evaluated at bid price : 20.75 Bid-YTW : 5.57 % |
| BNA.PR.D | SplitShare | 1.72 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2009-12-18 Maturity Price : 26.00 Evaluated at bid price : 26.30 Bid-YTW : -11.09 % |
| BAM.PR.B | Floater | 1.76 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 13.31 Evaluated at bid price : 13.31 Bid-YTW : 2.98 % |
| BAM.PR.K | Floater | 1.86 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 13.15 Evaluated at bid price : 13.15 Bid-YTW : 3.02 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| CM.PR.D | Perpetual-Discount | 89,700 | RBC crossed blocks of 60,000 and 20,000 shares, both at 24.30. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 23.91 Evaluated at bid price : 24.24 Bid-YTW : 5.98 % |
| GWO.PR.X | OpRet | 79,529 | Desjardins crossed 75,000 at 26.15. YTW SCENARIO Maturity Type : Call Maturity Date : 2010-10-30 Maturity Price : 25.67 Evaluated at bid price : 26.13 Bid-YTW : 3.44 % |
| TRP.PR.A | FixedReset | 56,797 | YTW SCENARIO Maturity Type : Call Maturity Date : 2015-01-30 Maturity Price : 25.00 Evaluated at bid price : 25.71 Bid-YTW : 4.14 % |
| PWF.PR.J | OpRet | 50,858 | Nesbitt crossed 50,000 at 26.10. YTW SCENARIO Maturity Type : Call Maturity Date : 2009-12-18 Maturity Price : 25.75 Evaluated at bid price : 26.11 Bid-YTW : -9.40 % |
| BMO.PR.J | Perpetual-Discount | 43,500 | CIBC bought 10,300 from TD at 20.24. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 20.20 Evaluated at bid price : 20.20 Bid-YTW : 5.60 % |
| BNS.PR.J | Perpetual-Discount | 33,600 | RBC crossed 25,000 at 23.21. YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2039-11-18 Maturity Price : 22.42 Evaluated at bid price : 23.15 Bid-YTW : 5.69 % |
| There were 33 other index-included issues trading in excess of 10,000 shares. | |||