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 …
Search Results for: performance
May 1, 2009
I understand that Scotia has done an Innovative Tier 1 Capital deal, described as “650 million deal June 30, 2019-2108 … at 7.804%”, but have no further details, no press release, nothing on SEDAR. One …
April 30, 2009
Bloomberg reports that: American Express Co.’s preferred stock rating was cut to BB, or non-investment grade, from BBB by Standard & Poor’s Ratings Services. I don’t see anything on the S&P site as yet. Moodys …
April 29, 2009
Daniel Bouton is resigning as chairman of SocGen, brought down – at least in part – by the Kerviel scandal which exposed grossly incompetent management. And Ken Lewis is defending his role in BofA’s Merrill …
April 28, 2009
CalPERS has announced: it is voting against the re-election of all 18 Bank of America directors, including Chief Executive Officer and Chairman Ken Lewis. CalPERS contends that Lewis and other directors failed to disclose information …
April 27, 2009
Sheila Bair of the FDIC made a speech today indicating willingness to move towards better risk assessment of banks: So who should pay for an “anybody can fail” doctrine? Certainly not the taxpayer. As a …
Shorting Prefs: Part 2
I have recently received an eMail from an Assiduous Reader who, having read the post Shorting Prefs, writes in and says: I read the “Shorting Prefs” discussion dated February 19th, 2009 under the archive for …
April 24, 2009
It appears that we will be treated to the spectacle of a regulatory cat-fight in the States. Andrew Cuomo has released a letter to Congress in which he discusses the BofA / Merrill Lynch merger: …
April 23, 2009
The Fed has released its financial statements and Bloomberg notes: its most detailed breakdown to date on the types of assets it accepted from Bear Stearns Cos. a year ago and the cause of losses …
Research: Some Preferreds to Float Your Boat
The March edition of Canadian Moneysaver contained my recent review of the performance of Floating Rate Preferreds over the past few years and my observations on contemporary pricing. Look for the research link!