Another month of higher than usual activity; there was a continued migration of issues from the PerpetualPremium to the PerpetualDiscount index; and a continued trend of issues moving out of “Scraps” due to increased volume.
| HIMI Index Changes, June 29, 2007 | |||
| Issue | From | To | Because |
| PWF.PR.D | OpRet | Scraps | Volume |
| BCE.PR.T | Scraps | FixFloat | Volume |
| BNA.PR.B | Scraps | SplitShare | Volume |
| MIC.PR.A | Scraps | Oops! PerpetualPremium |
Volume |
| MUH.PR.A | Scraps | SplitShare | Volume |
| TOC.PR.B | Scraps | Floater | Volume |
| BNS.PR.K | PerpetualPremium | PerpetualDiscount | Price |
| NA.PR.L | PerpetualPremium | PerpetualDiscount | Price |
| PWF.PR.L | PerpetualPremium | PerpetualDiscount | Price |
| TD.PR.O | PerpetualPremium | PerpetualDiscount | Price |
| RY.PR.W | PerpetualPremium | PerpetualDiscount | Price |
| ELF.PR.F | PerpetualPremium | PerpetualDiscount | Price |
| GWO.PR.G | PerpetualPremium | PerpetualDiscount | Price |
| POW.PR.B | PerpetualPremium | PerpetualDiscount | Price |
| POW.PR.A | PerpetualPremium | PerpetualDiscount | Price |
Index performance and extreme issue performance have been the subject of prior posts, as has the the performance and composition of Malachite Aggressive Preferred Fund.
Update: Correction made to table, 2007-7-4
[…] Not much change this time ’round, unlike June Month-End! Three issues were relegated to “Scraps” on volume concerns and the flow of PerpetualPremiums to PerpetualDiscount slowed to a bare trickle. […]