There was a lot of activity this month: a huge migration from PerpetualPremium to PerpetualDiscount; a transfer of all the Weston issues to Scraps due to credit concerns; and a transfer of several issues from Scraps due to increased volume.
The changes are:
| HIMI Index Rebalancing, May 31, 2007 | |||
| Ticker | From | To | Because |
| WN.PR.C | PerpetualPremium | Scraps | Credit |
| SLF.PR.B | PerpetualPremium | PerpetualDiscount | Price |
| MFC.PR.B | PerpetualPremium | PerpetualDiscount | Price |
| POW.PR.D | PerpetualPremium | PerpetualDiscount | Price |
| CM.PR.H | PerpetualPremium | PerpetualDiscount | Price |
| WN.PR.A | PerpetualPremium | Scraps | Credit |
| PWF.PR.D | Scraps | OpRet | Volume |
| LFE.PR.A | Scraps | SplitShare | Volume |
| FTU.PR.A | Scraps | SplitShare | Volume |
| BAM.PR.G | Scraps | FixFloat | Volume |
| WN.PR.B | OpRet | Scraps | Credit |
| MST.PR.A | Interest | Scraps | Volume |
| BMO.PR.J | PerpetualPremium | PerpetualDiscount | Price |
| ELF.PR.G | PerpetualPremium | PerpetualDiscount | Price |
| RY.PR.B | PerpetualPremium | PerpetualDiscount | Price |
| CM.PR.I | PerpetualPremium | PerpetualDiscount | Price |
| WN.PR.D | PerpetualPremium | Scraps | Credit |
| GWO.PR.H | PerpetualPremium | PerpetualDiscount | Price |
| PWF.PR.K | PerpetualPremium | PerpetualDiscount | Price |
| SLF.PR.A | PerpetualPremium | PerpetualDiscount | Price |
| WN.PR.E | PerpetualDiscount | Scraps | Credit |
[…] A recent addition to the SplitShare index, following its April addition to the HIMIPref™ universe. Now with a pre-tax bid-YTW of 4.73% based on a bid of 10.26 and a hardMaturity 2012-12-1. […]