MFC, after getting into trouble with imprudent stock speculation – and partially bailed out by OSFI – is issuing common stock: Manulife Financial Corporation (MFC) will further strengthen its financial and capital position by issuing …
Search Results for: performance
MAPF Portfolio Composition, November 2008
Trading was heavy in November as a disorderly decline in a confused market brought many opportunities to the Fund, although there was a decline from October’s extraordinary level of activity. Trades were, as ever, triggered …
Best & Worst Performers: November 2008
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. November, 2008 Issue Index DBRS Rating …
November 26, 2008
Moody’s notes that its accuracy ratio has declined: Moody’s ratings performance has deteriorated sharply from the elevated levels seen in recent years. The deterioration is primarily driven by investment grade defaults that include multiple affiliates …
BMO Capitalization: 4Q08
BMO has released its Fourth Quarter 2008 Report and Supplementary Package. Their earnings were good, so maybe there will be a slight cessation of the agonizing over whether their preferred dividend will be eliminated! I …
Treasury Gives Tail Protection to Citigroup
A Joint Statement by Treasury, Federal Reserve, and the FDIC on Citigroup has been released (just before 11pm): Washington, DC — The U.S. government is committed to supporting financial market stability, which is a prerequisite to …
CFS.PR.A Enters Protection Plan
Canadian Utilities & Financials Split Corp. has announced: The leveraging and de-leveraging mechanism offers the ability to increase leverage when the Company’s portfolio appreciates in value and reduce leverage when the portfolio declines in value. …
Bank of Canada Releases Autumn 2008 Review
The Bank of Canada has announced the release of the Autumn 2008 Review, a special issue focussing on “Structural Factors, Adjustment and productivity”: This special issue covers a variety of topics dealing with how structural …
GPA.PR.A Downgraded to P-5 by S&P
Gatehouse Capital has announced: Standard & Poor’s Ratings Services lowered the rating of Global Credit Pref Corp.’s (TSX:GPA.PR.A) preferred shares to P-5 on November 14 and they remain on CreditWatch with negative implications. The rating …
Effective Fed Funds Rate Continues to Confuse
Econbrowser‘s James Hamilton has posted again on the Effective Fed Funds Rate Puzzle – his prior post was discussed on PrefBlog in a post the Professor was kind enough to praise. In summary: we’re not …