DBRS placed the Canadian Imperial Bank of Commerce under Credit Review Negative today: DBRS has today placed all ratings of Canadian Imperial Bank of Commerce (CIBC or the Bank) Under Review with Negative Implications including …
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Welcome, Omega Preferred Equity!
I issued a press release today: Hymas Investment Management Welcomes a Preferred Share Competitor TORONTO, Dec. 11 /CNW/ – James Hymas, president of Hymas Investment Management Inc., welcomed the announcement of Canada’s second actively managed …
December 10, 2007
My quotation from the Bear Stearns Asset Backed Securities Trust prospectus on December 7 was well received, with both Econbrowser and Calculated Risk kind enough to credit me in their posts. My interest was more …
December 7, 2007
The Internet is alive with discussion of the sub-prime bail-out announced by George Bush yesterday: Representatives of HOPE NOW just briefed me on their plan to help homeowners who will not be able to make …
MAPF : Questions from a Potential Client
I received some questions from a potential client based in Calgary recently; for the interest and edification of other potential clients, I am transcribing the questions and answers here: What do you see as the advantages/ …
December 6, 2007
After CIBC’s earnings release this morning, Moody’s announced that it had: affirmed the ratings of Canadian Imperial Bank of Commerce (CIBC) and rated subsidiaries and changed their rating outlooks to negative from stable. CIBC is …
December 5, 2007
I am fascinated by the unfolding story of the Florida State Board of Administration’s Money Market fund that I discussed on December 3. Bloomberg reports that the Executive Director has quit: Coleman Stipanovich, the head …
US Subprime Mess : Fagin, not Little Nell
I have long been irritated by the incessant sound of violins in the background when many (politicians, especially) talk about US Foreclosures. There are far too many people who feel the defaulters are poor-but-honest Dickensian …
MAPF Portfolio Composition : November 30, 2007
There was heavy trading in November. MAPF Sectoral Analysis 2007-11-30 HIMI Indices Sector Weighting YTW ModDur Ratchet 0% N/A N/A FixFloat 0% N/A N/A Floater 0% N/A N/A OpRet 0% N/A N/A SplitShare 38% (+19) …
HIMIPref™ Index Rebalancing : November 30, 2007
HIMI Index Changes, November 30, 2007 Issue From To Because TOC.PR.B Floater Scraps Volume TCA.PR.Y PerpetualDiscount PerpetualPremium Price POW.PR.C PerpetualDiscount PerpetualPremium Price BAM.PR.G FixFloat Scraps Volume BCE.PR.T Scraps FixFloat Volume NA.PR.K PerpetualPremium PerpetualDiscount Price …