Market Action

April 30, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -1.4253 % 2,051.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -1.4253 % 3,992.6
Floater 7.52 % 8.02 % 71,917 11.34 3 -1.4253 % 2,300.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1193 % 3,642.4
SplitShare 4.80 % 4.64 % 64,362 1.73 8 0.1193 % 4,349.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1193 % 3,393.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.0456 % 2,850.4
Perpetual-Discount 6.03 % 6.15 % 52,438 13.67 33 0.0456 % 3,108.2
FixedReset Disc 5.74 % 6.60 % 117,464 12.68 49 0.1553 % 2,735.3
Insurance Straight 5.94 % 6.04 % 71,365 13.81 21 0.2316 % 3,045.7
FloatingReset 5.95 % 5.96 % 36,646 13.90 3 -0.3827 % 3,463.8
FixedReset Prem 6.41 % 5.44 % 143,736 13.68 10 0.1377 % 2,553.6
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.1553 % 2,796.0
FixedReset Ins Non 5.79 % 6.20 % 67,184 13.37 12 -0.1157 % 2,719.4
Performance Highlights
Issue Index Change Notes
IFC.PR.C FixedReset Ins Non -3.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.07 %
BN.PR.N Perpetual-Discount -3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.69 %
PWF.PR.A Floater -2.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 12.75
Evaluated at bid price : 12.75
Bid-YTW : 6.83 %
BN.PR.K Floater -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 10.85
Evaluated at bid price : 10.85
Bid-YTW : 8.12 %
PWF.PR.K Perpetual-Discount -1.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 19.93
Evaluated at bid price : 19.93
Bid-YTW : 6.26 %
ENB.PR.D FixedReset Disc -1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 17.80
Evaluated at bid price : 17.80
Bid-YTW : 7.51 %
IFC.PR.K Insurance Straight -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 21.32
Evaluated at bid price : 21.60
Bid-YTW : 6.14 %
BN.PR.X FixedReset Disc 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 15.80
Evaluated at bid price : 15.80
Bid-YTW : 7.40 %
GWO.PR.I Insurance Straight 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 6.00 %
BIP.PR.B FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 25.00
Bid-YTW : 6.21 %
IFC.PR.F Insurance Straight 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 21.89
Evaluated at bid price : 22.31
Bid-YTW : 5.99 %
MFC.PR.C Insurance Straight 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 19.32
Evaluated at bid price : 19.32
Bid-YTW : 5.91 %
ENB.PR.A Perpetual-Discount 1.47 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 22.60
Evaluated at bid price : 22.85
Bid-YTW : 6.12 %
BN.PF.I FixedReset Disc 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 23.20
Evaluated at bid price : 23.55
Bid-YTW : 6.95 %
MFC.PR.I FixedReset Ins Non 2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 23.04
Evaluated at bid price : 23.93
Bid-YTW : 6.02 %
POW.PR.D Perpetual-Discount 2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.01 %
BN.PF.F FixedReset Disc 2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 20.70
Evaluated at bid price : 20.70
Bid-YTW : 7.00 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PF.E FixedReset Disc 125,810 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 18.31
Evaluated at bid price : 18.31
Bid-YTW : 7.56 %
ENB.PR.B FixedReset Disc 64,263 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 7.58 %
FTS.PR.M FixedReset Disc 57,728 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 6.62 %
BN.PR.B Floater 21,535 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 10.98
Evaluated at bid price : 10.98
Bid-YTW : 8.02 %
CU.PR.C FixedReset Disc 21,273 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 19.86
Evaluated at bid price : 19.86
Bid-YTW : 6.68 %
BN.PR.K Floater 20,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 10.85
Evaluated at bid price : 10.85
Bid-YTW : 8.12 %
There were 6 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
GWO.PR.L Insurance Straight Quote: 23.56 – 24.99
Spot Rate : 1.4300
Average : 0.8332

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 23.26
Evaluated at bid price : 23.56
Bid-YTW : 6.06 %
BIP.PR.A FixedReset Disc Quote: 23.00 – 24.45
Spot Rate : 1.4500
Average : 0.8856

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 22.27
Evaluated at bid price : 23.00
Bid-YTW : 6.93 %
IFC.PR.A FixedReset Ins Non Quote: 16.61 – 19.18
Spot Rate : 2.5700
Average : 2.1106

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 16.61
Evaluated at bid price : 16.61
Bid-YTW : 7.00 %
CU.PR.I FixedReset Disc Quote: 24.74 – 25.50
Spot Rate : 0.7600
Average : 0.4302

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 24.17
Evaluated at bid price : 24.74
Bid-YTW : 6.55 %
BN.PR.N Perpetual-Discount Quote: 18.00 – 18.75
Spot Rate : 0.7500
Average : 0.4824

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 18.00
Evaluated at bid price : 18.00
Bid-YTW : 6.69 %
CU.PR.F Perpetual-Discount Quote: 18.83 – 23.88
Spot Rate : 5.0500
Average : 4.7838

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-30
Maturity Price : 18.83
Evaluated at bid price : 18.83
Bid-YTW : 6.09 %
Market Action

April 29, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.5158 % 2,080.7
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.5158 % 4,050.3
Floater 7.41 % 8.00 % 68,699 11.37 3 0.5158 % 2,334.2
OpRet 0.00 % 0.00 % 0 0.00 0 0.0050 % 3,638.1
SplitShare 4.81 % 4.78 % 65,068 1.73 8 0.0050 % 4,344.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0050 % 3,389.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.1381 % 2,849.1
Perpetual-Discount 6.03 % 6.16 % 54,597 13.67 33 -0.1381 % 3,106.8
FixedReset Disc 5.75 % 6.64 % 121,600 12.63 49 0.1575 % 2,731.1
Insurance Straight 5.96 % 6.06 % 71,613 13.80 21 -0.4791 % 3,038.6
FloatingReset 5.92 % 5.97 % 38,056 13.89 3 0.1757 % 3,477.1
FixedReset Prem 6.42 % 5.46 % 143,233 13.93 10 0.1260 % 2,550.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.1575 % 2,791.7
FixedReset Ins Non 5.78 % 6.19 % 68,175 13.41 12 -0.6567 % 2,722.5
Performance Highlights
Issue Index Change Notes
IFC.PR.A FixedReset Ins Non -10.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 16.61
Evaluated at bid price : 16.61
Bid-YTW : 7.00 %
SLF.PR.E Insurance Straight -3.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.17
Evaluated at bid price : 19.17
Bid-YTW : 5.94 %
MFC.PR.C Insurance Straight -2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.00 %
BN.PF.I FixedReset Disc -2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.75
Evaluated at bid price : 23.10
Bid-YTW : 7.08 %
MFC.PR.I FixedReset Ins Non -1.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.76
Evaluated at bid price : 23.40
Bid-YTW : 6.17 %
BN.PF.D Perpetual-Discount -1.65 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 6.52 %
MFC.PR.B Insurance Straight -1.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.98 %
CCS.PR.C Insurance Straight -1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 20.95
Evaluated at bid price : 20.95
Bid-YTW : 6.04 %
SLF.PR.C Insurance Straight -1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.76 %
SLF.PR.D Insurance Straight -1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 5.82 %
ENB.PF.K FixedReset Disc -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.66
Evaluated at bid price : 23.34
Bid-YTW : 6.55 %
CU.PR.G Perpetual-Discount 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.00 %
BMO.PR.E FixedReset Prem 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 23.57
Evaluated at bid price : 25.88
Bid-YTW : 5.46 %
BN.PF.E FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 7.19 %
IFC.PR.G FixedReset Ins Non 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.57
Evaluated at bid price : 23.25
Bid-YTW : 5.94 %
PWF.PR.A Floater 1.71 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 13.07
Evaluated at bid price : 13.07
Bid-YTW : 6.66 %
IFC.PR.K Insurance Straight 2.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 21.50
Evaluated at bid price : 21.84
Bid-YTW : 6.07 %
BN.PF.J FixedReset Disc 3.74 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.82
Evaluated at bid price : 23.60
Bid-YTW : 6.36 %
Volume Highlights
Issue Index Shares
Traded		 Notes
FTS.PR.M FixedReset Disc 153,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 20.53
Evaluated at bid price : 20.53
Bid-YTW : 6.64 %
PWF.PR.P FixedReset Disc 112,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 14.95
Evaluated at bid price : 14.95
Bid-YTW : 7.18 %
ENB.PR.N FixedReset Disc 103,923 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 21.30
Evaluated at bid price : 21.30
Bid-YTW : 6.92 %
CU.PR.H Perpetual-Discount 78,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.93 %
NA.PR.E FixedReset Disc 66,976 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 23.27
Evaluated at bid price : 24.72
Bid-YTW : 5.46 %
RY.PR.J FixedReset Disc 58,900 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-23
Maturity Price : 25.00
Evaluated at bid price : 24.94
Bid-YTW : 4.66 %
There were 18 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
POW.PR.B Perpetual-Discount Quote: 22.03 – 25.00
Spot Rate : 2.9700
Average : 1.7510

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 21.78
Evaluated at bid price : 22.03
Bid-YTW : 6.12 %
MFC.PR.L FixedReset Ins Non Quote: 21.12 – 23.79
Spot Rate : 2.6700
Average : 1.6962

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.23 %
IFC.PR.A FixedReset Ins Non Quote: 16.61 – 19.15
Spot Rate : 2.5400
Average : 1.6069

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 16.61
Evaluated at bid price : 16.61
Bid-YTW : 7.00 %
MFC.PR.M FixedReset Ins Non Quote: 21.60 – 25.00
Spot Rate : 3.4000
Average : 2.9119

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 21.32
Evaluated at bid price : 21.60
Bid-YTW : 6.19 %
CU.PR.F Perpetual-Discount Quote: 18.95 – 23.88
Spot Rate : 4.9300
Average : 4.4920

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 18.95
Evaluated at bid price : 18.95
Bid-YTW : 6.05 %
MFC.PR.K FixedReset Ins Non Quote: 23.40 – 24.09
Spot Rate : 0.6900
Average : 0.4725

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-29
Maturity Price : 22.62
Evaluated at bid price : 23.40
Bid-YTW : 5.72 %
Market Action

April 28, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.3142 % 2,070.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.3142 % 4,029.5
Floater 7.45 % 7.98 % 63,709 11.39 3 -0.3142 % 2,322.2
OpRet 0.00 % 0.00 % 0 0.00 0 -0.0149 % 3,637.9
SplitShare 4.81 % 4.61 % 64,681 1.74 8 -0.0149 % 4,344.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0149 % 3,389.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.4963 % 2,853.0
Perpetual-Discount 6.03 % 6.17 % 54,217 13.68 33 0.4963 % 3,111.1
FixedReset Disc 5.76 % 6.67 % 122,910 12.64 49 0.1372 % 2,726.8
Insurance Straight 5.93 % 6.06 % 72,677 13.79 21 0.0430 % 3,053.2
FloatingReset 5.93 % 5.96 % 38,024 13.90 3 0.0639 % 3,471.0
FixedReset Prem 6.43 % 5.54 % 144,224 13.80 10 0.1262 % 2,546.9
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.1372 % 2,787.3
FixedReset Ins Non 5.74 % 6.24 % 69,090 13.42 12 0.3749 % 2,740.5
Performance Highlights
Issue Index Change Notes
BN.PF.J FixedReset Disc -2.99 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 22.32
Evaluated at bid price : 22.75
Bid-YTW : 6.62 %
BN.PF.F FixedReset Disc -2.14 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 20.12
Evaluated at bid price : 20.12
Bid-YTW : 7.21 %
IFC.PR.K Insurance Straight -2.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 6.24 %
PWF.PR.A Floater -1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 12.85
Evaluated at bid price : 12.85
Bid-YTW : 6.77 %
POW.PR.D Perpetual-Discount -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.16 %
GWO.PR.P Insurance Straight -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.04 %
PWF.PR.S Perpetual-Discount 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 19.70
Evaluated at bid price : 19.70
Bid-YTW : 6.14 %
ENB.PR.D FixedReset Disc 1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 17.88
Evaluated at bid price : 17.88
Bid-YTW : 7.47 %
BIP.PR.A FixedReset Disc 1.96 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 22.23
Evaluated at bid price : 22.94
Bid-YTW : 6.95 %
PWF.PR.K Perpetual-Discount 2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 6.17 %
PWF.PR.O Perpetual-Discount 2.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 23.32
Evaluated at bid price : 23.60
Bid-YTW : 6.17 %
MFC.PR.C Insurance Straight 2.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 19.56
Evaluated at bid price : 19.56
Bid-YTW : 5.84 %
PWF.PR.F Perpetual-Discount 3.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 21.25
Evaluated at bid price : 21.52
Bid-YTW : 6.13 %
BN.PF.C Perpetual-Discount 3.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 6.40 %
IFC.PR.C FixedReset Ins Non 3.72 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.81 %
BN.PF.D Perpetual-Discount 8.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 19.37
Evaluated at bid price : 19.37
Bid-YTW : 6.41 %
Volume Highlights
Issue Index Shares
Traded		 Notes
NA.PR.C FixedReset Prem 43,400 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2027-11-15
Maturity Price : 25.00
Evaluated at bid price : 25.45
Bid-YTW : 6.16 %
RY.PR.J FixedReset Disc 32,800 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-23
Maturity Price : 25.00
Evaluated at bid price : 24.94
Bid-YTW : 4.58 %
BN.PR.B Floater 30,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 11.03
Evaluated at bid price : 11.03
Bid-YTW : 7.98 %
PWF.PR.G Perpetual-Discount 28,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 23.62
Evaluated at bid price : 23.89
Bid-YTW : 6.21 %
CU.PR.D Perpetual-Discount 25,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 20.60
Evaluated at bid price : 20.60
Bid-YTW : 6.06 %
BMO.PR.Y FixedReset Disc 25,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 23.98
Evaluated at bid price : 24.74
Bid-YTW : 5.55 %
There were 3 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
MFC.PR.M FixedReset Ins Non Quote: 21.45 – 25.00
Spot Rate : 3.5500
Average : 2.3766

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 21.45
Evaluated at bid price : 21.45
Bid-YTW : 6.24 %
CU.PR.F Perpetual-Discount Quote: 18.82 – 23.88
Spot Rate : 5.0600
Average : 4.0118

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 18.82
Evaluated at bid price : 18.82
Bid-YTW : 6.09 %
MFC.PR.Q FixedReset Ins Non Quote: 23.00 – 25.00
Spot Rate : 2.0000
Average : 1.5454

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 22.42
Evaluated at bid price : 23.00
Bid-YTW : 6.01 %
GWO.PR.N FixedReset Ins Non Quote: 14.98 – 16.00
Spot Rate : 1.0200
Average : 0.6854

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 14.98
Evaluated at bid price : 14.98
Bid-YTW : 6.72 %
PWF.PR.L Perpetual-Discount Quote: 20.72 – 21.70
Spot Rate : 0.9800
Average : 0.7394

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 20.72
Evaluated at bid price : 20.72
Bid-YTW : 6.20 %
IFC.PR.K Insurance Straight Quote: 21.32 – 22.70
Spot Rate : 1.3800
Average : 1.1836

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-28
Maturity Price : 21.32
Evaluated at bid price : 21.32
Bid-YTW : 6.24 %
Market Action

April 24, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.4841 % 2,073.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4841 % 4,035.3
Floater 7.44 % 7.96 % 62,574 11.42 3 -0.4841 % 2,325.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0993 % 3,643.0
SplitShare 4.80 % 4.58 % 63,554 1.75 8 0.0993 % 4,350.5
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0993 % 3,394.4
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.1966 % 2,856.6
Perpetual-Discount 6.02 % 6.14 % 54,863 13.70 33 0.1966 % 3,114.9
FixedReset Disc 5.77 % 6.66 % 125,732 12.67 49 0.0195 % 2,721.2
Insurance Straight 5.93 % 6.03 % 75,060 13.82 21 -0.0543 % 3,050.4
FloatingReset 5.90 % 5.89 % 38,537 14.03 3 0.1591 % 3,489.9
FixedReset Prem 6.42 % 5.52 % 139,181 13.83 10 0.0827 % 2,548.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0195 % 2,781.6
FixedReset Ins Non 5.75 % 6.24 % 70,102 13.45 12 -1.0044 % 2,738.1
Performance Highlights
Issue Index Change Notes
MFC.PR.M FixedReset Ins Non -10.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.25 %
IFC.PR.C FixedReset Ins Non -4.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.04 %
PWF.PR.F Perpetual-Discount -3.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.35 %
IFC.PR.K Insurance Straight -2.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.26
Evaluated at bid price : 21.26
Bid-YTW : 6.25 %
ELF.PR.F Perpetual-Discount -2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.25
Evaluated at bid price : 21.52
Bid-YTW : 6.20 %
PWF.PR.P FixedReset Disc -2.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 14.70
Evaluated at bid price : 14.70
Bid-YTW : 7.28 %
ENB.PF.K FixedReset Disc -2.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.46
Evaluated at bid price : 23.01
Bid-YTW : 6.63 %
GWO.PR.T Insurance Straight -2.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.82
Evaluated at bid price : 20.82
Bid-YTW : 6.26 %
BIP.PR.A FixedReset Disc -1.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.97
Evaluated at bid price : 22.50
Bid-YTW : 7.08 %
GWO.PR.S Insurance Straight -1.82 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.14 %
ENB.PR.A Perpetual-Discount -1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.08
Evaluated at bid price : 22.31
Bid-YTW : 6.27 %
BN.PR.R FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 7.52 %
CCS.PR.C Insurance Straight -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 5.98 %
PWF.PR.Z Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.73
Evaluated at bid price : 20.73
Bid-YTW : 6.25 %
CU.PR.J Perpetual-Discount 1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.00 %
BN.PF.H FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-12-31
Maturity Price : 25.00
Evaluated at bid price : 24.81
Bid-YTW : 6.66 %
ENB.PF.G FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 18.04
Evaluated at bid price : 18.04
Bid-YTW : 7.60 %
CU.PR.F Perpetual-Discount 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 19.15
Evaluated at bid price : 19.15
Bid-YTW : 5.98 %
SLF.PR.D Insurance Straight 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.65 %
BN.PF.B FixedReset Disc 2.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.54
Evaluated at bid price : 20.54
Bid-YTW : 6.93 %
GWO.PR.M Insurance Straight 2.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 23.69
Evaluated at bid price : 24.00
Bid-YTW : 6.10 %
PWF.PF.A Perpetual-Discount 2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 18.70
Evaluated at bid price : 18.70
Bid-YTW : 6.05 %
CU.PR.G Perpetual-Discount 2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.03 %
BN.PF.F FixedReset Disc 2.78 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.67
Evaluated at bid price : 20.67
Bid-YTW : 7.00 %
CU.PR.H Perpetual-Discount 2.94 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 5.86 %
MFC.PR.J FixedReset Ins Non 3.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.89
Evaluated at bid price : 23.80
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight 4.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.14
Evaluated at bid price : 22.44
Bid-YTW : 6.07 %
PWF.PR.L Perpetual-Discount 5.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.90
Evaluated at bid price : 20.90
Bid-YTW : 6.14 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 75,700 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 24.93
Bid-YTW : 3.44 %
FFH.PR.I FixedReset Disc 40,400 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.33
Evaluated at bid price : 23.15
Bid-YTW : 5.99 %
BIP.PR.E FixedReset Disc 31,600 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 22.24
Evaluated at bid price : 22.68
Bid-YTW : 6.64 %
ENB.PR.N FixedReset Disc 30,650 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 21.15
Evaluated at bid price : 21.15
Bid-YTW : 6.95 %
ENB.PR.T FixedReset Disc 14,974 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 7.32 %
PWF.PR.P FixedReset Disc 12,305 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 14.70
Evaluated at bid price : 14.70
Bid-YTW : 7.28 %
There were 2 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
GWO.PR.T Insurance Straight Quote: 20.82 – 22.92
Spot Rate : 2.1000
Average : 1.4705

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.82
Evaluated at bid price : 20.82
Bid-YTW : 6.26 %
IFC.PR.C FixedReset Ins Non Quote: 18.80 – 21.40
Spot Rate : 2.6000
Average : 2.0127

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.04 %
BN.PR.T FixedReset Disc Quote: 16.61 – 18.00
Spot Rate : 1.3900
Average : 0.9310

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 16.61
Evaluated at bid price : 16.61
Bid-YTW : 7.49 %
BN.PR.R FixedReset Disc Quote: 16.56 – 18.00
Spot Rate : 1.4400
Average : 1.0144

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 16.56
Evaluated at bid price : 16.56
Bid-YTW : 7.52 %
FTS.PR.K FixedReset Disc Quote: 20.30 – 21.40
Spot Rate : 1.1000
Average : 0.6786

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.28 %
PWF.PR.F Perpetual-Discount Quote: 20.80 – 21.99
Spot Rate : 1.1900
Average : 0.7871

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-24
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.35 %
Market Action

April 23, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.0855 % 2,083.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0855 % 4,054.9
Floater 7.40 % 7.99 % 65,264 11.39 3 0.0855 % 2,336.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.6248 % 3,639.3
SplitShare 4.81 % 4.52 % 61,041 1.75 8 0.6248 % 4,346.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.6248 % 3,391.0
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 0.3789 % 2,851.0
Perpetual-Discount 6.03 % 6.14 % 55,616 13.69 33 0.3789 % 3,108.8
FixedReset Disc 5.78 % 6.90 % 126,612 12.68 49 0.4452 % 2,720.6
Insurance Straight 5.93 % 6.01 % 75,941 13.84 21 0.4907 % 3,052.1
FloatingReset 5.91 % 5.87 % 38,584 14.05 3 0.1594 % 3,484.3
FixedReset Prem 6.43 % 5.52 % 140,738 13.76 10 0.0749 % 2,546.3
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.4452 % 2,781.0
FixedReset Ins Non 5.69 % 6.09 % 72,293 13.47 12 0.9855 % 2,765.9
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -17.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.87
Evaluated at bid price : 18.87
Bid-YTW : 6.07 %
PWF.PR.L Perpetual-Discount -4.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.47 %
IFC.PR.I Insurance Straight -4.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.39 %
MFC.PR.J FixedReset Ins Non -3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.45
Evaluated at bid price : 23.00
Bid-YTW : 6.09 %
GWO.PR.M Insurance Straight -2.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 23.15
Evaluated at bid price : 23.45
Bid-YTW : 6.24 %
BN.PF.F FixedReset Disc -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 20.11
Evaluated at bid price : 20.11
Bid-YTW : 7.19 %
SLF.PR.E Insurance Straight 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 5.69 %
MFC.PR.C Insurance Straight 1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.83 %
ENB.PF.E FixedReset Disc 1.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.14
Evaluated at bid price : 18.14
Bid-YTW : 7.60 %
NA.PR.I FixedReset Prem 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 23.23
Evaluated at bid price : 24.95
Bid-YTW : 5.80 %
ENB.PR.Y FixedReset Disc 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 17.73
Evaluated at bid price : 17.73
Bid-YTW : 7.50 %
FTS.PR.G FixedReset Disc 1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.18 %
ENB.PR.H FixedReset Disc 1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 6.90 %
GWO.PR.P Insurance Straight 1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.40
Evaluated at bid price : 22.66
Bid-YTW : 6.01 %
ENB.PR.J FixedReset Disc 1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.05
Evaluated at bid price : 19.05
Bid-YTW : 7.42 %
SLF.PR.D Insurance Straight 1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.59
Evaluated at bid price : 19.59
Bid-YTW : 5.74 %
NA.PR.G FixedReset Prem 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 23.43
Evaluated at bid price : 25.40
Bid-YTW : 5.71 %
PVS.PR.L SplitShare 1.20 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2030-06-30
Maturity Price : 25.00
Evaluated at bid price : 25.40
Bid-YTW : 5.34 %
BN.PR.R FixedReset Disc 1.21 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 16.76
Evaluated at bid price : 16.76
Bid-YTW : 7.43 %
ENB.PF.A FixedReset Disc 1.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 7.46 %
FTS.PR.J Perpetual-Discount 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 5.91 %
ENB.PF.K FixedReset Disc 1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.74
Evaluated at bid price : 23.50
Bid-YTW : 6.48 %
GWO.PR.Q Insurance Straight 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.06 %
CCS.PR.C Insurance Straight 1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 5.91 %
BN.PR.M Perpetual-Discount 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.88
Evaluated at bid price : 18.88
Bid-YTW : 6.37 %
NA.PR.K FixedReset Prem 1.51 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2029-05-01
Maturity Price : 25.00
Evaluated at bid price : 26.93
Bid-YTW : 5.49 %
GWO.PR.S Insurance Straight 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.02 %
BIP.PR.A FixedReset Disc 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.22
Evaluated at bid price : 22.92
Bid-YTW : 6.94 %
FFH.PR.K FixedReset Disc 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 23.40
Evaluated at bid price : 24.50
Bid-YTW : 6.28 %
BN.PR.X FixedReset Disc 1.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 7.39 %
PVS.PR.K SplitShare 2.03 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2029-05-31
Maturity Price : 25.00
Evaluated at bid price : 25.10
Bid-YTW : 4.52 %
RY.PR.N Perpetual-Discount 2.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 24.21
Evaluated at bid price : 24.50
Bid-YTW : 5.07 %
ENB.PR.A Perpetual-Discount 2.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.35
Evaluated at bid price : 22.62
Bid-YTW : 6.18 %
ELF.PR.F Perpetual-Discount 2.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.75
Evaluated at bid price : 22.00
Bid-YTW : 6.06 %
ENB.PR.B FixedReset Disc 2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 17.60
Evaluated at bid price : 17.60
Bid-YTW : 7.53 %
CU.PR.J Perpetual-Discount 3.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.06 %
BN.PF.C Perpetual-Discount 4.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.36 %
GWO.PR.T Insurance Straight 4.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.25
Evaluated at bid price : 21.25
Bid-YTW : 6.13 %
MFC.PR.M FixedReset Ins Non 12.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.80
Evaluated at bid price : 24.00
Bid-YTW : 5.48 %
CU.PR.G Perpetual-Discount 15.63 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 6.19 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 49,840 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 4.26 %
ENB.PF.A FixedReset Disc 42,350 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 7.46 %
MFC.PR.I FixedReset Ins Non 32,800 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.97
Evaluated at bid price : 23.80
Bid-YTW : 6.04 %
FFH.PR.I FixedReset Disc 31,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 22.62
Evaluated at bid price : 23.25
Bid-YTW : 5.97 %
ENB.PR.T FixedReset Disc 30,095 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.44
Evaluated at bid price : 19.44
Bid-YTW : 7.35 %
BN.PF.G FixedReset Disc 29,464 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 19.20
Evaluated at bid price : 19.20
Bid-YTW : 7.37 %
There were 11 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CU.PR.H Perpetual-Discount Quote: 22.10 – 25.00
Spot Rate : 2.9000
Average : 1.8309

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.86
Evaluated at bid price : 22.10
Bid-YTW : 6.03 %
IFC.PR.F Insurance Straight Quote: 22.10 – 24.00
Spot Rate : 1.9000
Average : 1.1991

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.71
Evaluated at bid price : 22.10
Bid-YTW : 6.05 %
CU.PR.C FixedReset Disc Quote: 20.00 – 22.11
Spot Rate : 2.1100
Average : 1.5468

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 20.00
Evaluated at bid price : 20.00
Bid-YTW : 6.61 %
IFC.PR.I Insurance Straight Quote: 21.40 – 23.00
Spot Rate : 1.6000
Average : 1.1054

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.39 %
ENB.PF.A FixedReset Disc Quote: 18.90 – 19.90
Spot Rate : 1.0000
Average : 0.5929

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 7.46 %
PWF.PR.K Perpetual-Discount Quote: 20.34 – 21.85
Spot Rate : 1.5100
Average : 1.1558

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-23
Maturity Price : 20.34
Evaluated at bid price : 20.34
Bid-YTW : 6.12 %
Market Action

April 22, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.1427 % 2,081.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1427 % 4,051.5
Floater 7.41 % 7.99 % 62,437 11.39 3 0.1427 % 2,334.9
OpRet 0.00 % 0.00 % 0 0.00 0 0.1245 % 3,616.7
SplitShare 4.84 % 5.08 % 61,676 1.75 8 0.1245 % 4,319.2
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.1245 % 3,370.0
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 1.0212 % 2,840.2
Perpetual-Discount 6.05 % 6.19 % 57,620 13.65 33 1.0212 % 3,097.1
FixedReset Disc 5.80 % 6.93 % 127,257 12.63 49 0.6292 % 2,708.6
Insurance Straight 5.96 % 6.05 % 75,084 13.79 21 -0.0068 % 3,037.2
FloatingReset 5.92 % 5.91 % 38,876 13.99 3 0.2396 % 3,478.8
FixedReset Prem 6.43 % 5.79 % 140,949 13.79 10 0.1540 % 2,544.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.6292 % 2,768.7
FixedReset Ins Non 5.75 % 6.23 % 75,309 13.46 12 -0.1476 % 2,738.9
Performance Highlights
Issue Index Change Notes
MFC.PR.M FixedReset Ins Non -10.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 21.40
Evaluated at bid price : 21.40
Bid-YTW : 6.24 %
GWO.PR.T Insurance Straight -3.97 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.42 %
CU.PR.J Perpetual-Discount -3.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 6.29 %
PWF.PR.O Perpetual-Discount -2.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.71
Evaluated at bid price : 23.00
Bid-YTW : 6.33 %
SLF.PR.D Insurance Straight -1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.36
Evaluated at bid price : 19.36
Bid-YTW : 5.81 %
PWF.PR.G Perpetual-Discount 1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 23.58
Evaluated at bid price : 23.85
Bid-YTW : 6.21 %
ENB.PR.Y FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 17.54
Evaluated at bid price : 17.54
Bid-YTW : 7.58 %
BN.PR.N Perpetual-Discount 1.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 18.75
Evaluated at bid price : 18.75
Bid-YTW : 6.41 %
ENB.PF.E FixedReset Disc 1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 17.95
Evaluated at bid price : 17.95
Bid-YTW : 7.68 %
ENB.PR.J FixedReset Disc 1.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 18.83
Evaluated at bid price : 18.83
Bid-YTW : 7.51 %
GWO.PR.M Insurance Straight 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 23.69
Evaluated at bid price : 24.00
Bid-YTW : 6.10 %
BN.PF.G FixedReset Disc 1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.06
Evaluated at bid price : 19.06
Bid-YTW : 7.42 %
ENB.PR.P FixedReset Disc 1.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 18.78
Evaluated at bid price : 18.78
Bid-YTW : 7.43 %
BN.PF.A FixedReset Disc 1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.07
Evaluated at bid price : 22.50
Bid-YTW : 6.66 %
BN.PF.I FixedReset Disc 1.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 23.15
Evaluated at bid price : 23.50
Bid-YTW : 6.94 %
CU.PR.C FixedReset Disc 1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.20
Evaluated at bid price : 20.20
Bid-YTW : 6.55 %
PWF.PR.H Perpetual-Discount 1.79 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 23.06
Evaluated at bid price : 23.32
Bid-YTW : 6.19 %
IFC.PR.C FixedReset Ins Non 1.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 6.71 %
MFC.PR.Q FixedReset Ins Non 1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.45
Evaluated at bid price : 23.05
Bid-YTW : 5.98 %
GWO.PR.H Insurance Straight 2.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.01 %
MFC.PR.J FixedReset Ins Non 2.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.89
Evaluated at bid price : 23.80
Bid-YTW : 5.86 %
PWF.PR.K Perpetual-Discount 2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.15
Evaluated at bid price : 20.15
Bid-YTW : 6.18 %
PWF.PR.E Perpetual-Discount 2.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.27
Evaluated at bid price : 22.54
Bid-YTW : 6.12 %
IFC.PR.A FixedReset Ins Non 2.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.23 %
BN.PR.T FixedReset Disc 2.98 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 16.60
Evaluated at bid price : 16.60
Bid-YTW : 7.50 %
BN.PF.J FixedReset Disc 3.08 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.74
Evaluated at bid price : 23.45
Bid-YTW : 6.39 %
PWF.PR.F Perpetual-Discount 3.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.14 %
BIP.PR.F FixedReset Disc 3.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 21.88
Evaluated at bid price : 22.25
Bid-YTW : 6.69 %
PWF.PR.L Perpetual-Discount 4.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 6.17 %
BN.PR.X FixedReset Disc 5.60 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 15.47
Evaluated at bid price : 15.47
Bid-YTW : 7.53 %
CU.PR.F Perpetual-Discount 23.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.63
Evaluated at bid price : 22.88
Bid-YTW : 4.98 %
Volume Highlights
Issue Index Shares
Traded		 Notes
FTS.PR.M FixedReset Disc 109,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.65
Evaluated at bid price : 20.65
Bid-YTW : 6.59 %
ENB.PR.B FixedReset Disc 57,500 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 17.12
Evaluated at bid price : 17.12
Bid-YTW : 7.75 %
ENB.PR.D FixedReset Disc 55,826 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 17.69
Evaluated at bid price : 17.69
Bid-YTW : 7.53 %
PWF.PR.A Floater 53,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 13.10
Evaluated at bid price : 13.10
Bid-YTW : 6.76 %
RY.PR.J FixedReset Disc 41,500 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 4.13 %
ENB.PR.N FixedReset Disc 30,300 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 21.22
Evaluated at bid price : 21.22
Bid-YTW : 6.93 %
There were 8 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
MFC.PR.L FixedReset Ins Non Quote: 20.91 – 23.79
Spot Rate : 2.8800
Average : 1.7539

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 20.91
Evaluated at bid price : 20.91
Bid-YTW : 6.28 %
PWF.PF.A Perpetual-Discount Quote: 18.24 – 20.43
Spot Rate : 2.1900
Average : 1.3875

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 18.24
Evaluated at bid price : 18.24
Bid-YTW : 6.21 %
MFC.PR.Q FixedReset Ins Non Quote: 23.05 – 25.00
Spot Rate : 1.9500
Average : 1.5155

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 22.45
Evaluated at bid price : 23.05
Bid-YTW : 5.98 %
SLF.PR.D Insurance Straight Quote: 19.36 – 21.10
Spot Rate : 1.7400
Average : 1.3412

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.36
Evaluated at bid price : 19.36
Bid-YTW : 5.81 %
CU.PR.J Perpetual-Discount Quote: 19.22 – 20.61
Spot Rate : 1.3900
Average : 0.9914

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 19.22
Evaluated at bid price : 19.22
Bid-YTW : 6.29 %
CU.PR.G Perpetual-Discount Quote: 16.00 – 19.35
Spot Rate : 3.3500
Average : 2.9525

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-22
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 7.17 %
Market Action

April 21, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.0000 % 2,078.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.0000 % 4,045.7
Floater 7.42 % 8.00 % 62,891 11.38 3 0.0000 % 2,331.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0267 % 3,612.2
SplitShare 4.83 % 5.17 % 70,675 1.76 9 0.0267 % 4,313.8
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0267 % 3,365.8
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -1.2382 % 2,811.5
Perpetual-Discount 6.12 % 6.21 % 59,616 13.59 33 -1.2382 % 3,065.8
FixedReset Disc 5.84 % 6.96 % 131,856 12.56 49 0.0946 % 2,691.6
Insurance Straight 5.96 % 6.06 % 75,230 13.77 21 -0.2289 % 3,037.4
FloatingReset 5.93 % 5.91 % 40,462 14.00 3 0.4010 % 3,470.5
FixedReset Prem 6.44 % 5.72 % 141,657 13.73 10 -0.1065 % 2,540.4
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0946 % 2,751.4
FixedReset Ins Non 5.74 % 6.11 % 77,917 13.49 12 2.1444 % 2,743.0
Performance Highlights
Issue Index Change Notes
CU.PR.G Perpetual-Discount -15.75 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 7.17 %
BN.PR.X FixedReset Disc -5.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 14.65
Evaluated at bid price : 14.65
Bid-YTW : 7.95 %
PWF.PR.L Perpetual-Discount -4.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.85
Evaluated at bid price : 19.85
Bid-YTW : 6.46 %
RY.PR.N Perpetual-Discount -2.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.53
Evaluated at bid price : 23.80
Bid-YTW : 5.22 %
PWF.PR.K Perpetual-Discount -2.86 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.72
Evaluated at bid price : 19.72
Bid-YTW : 6.31 %
BIP.PR.F FixedReset Disc -2.80 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.95 %
BN.PR.T FixedReset Disc -2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 16.12
Evaluated at bid price : 16.12
Bid-YTW : 7.71 %
PWF.PF.A Perpetual-Discount -2.54 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 18.06
Evaluated at bid price : 18.06
Bid-YTW : 6.27 %
PWF.PR.H Perpetual-Discount -2.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.67
Evaluated at bid price : 22.91
Bid-YTW : 6.30 %
ENB.PR.A Perpetual-Discount -2.18 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.76
Evaluated at bid price : 22.01
Bid-YTW : 6.35 %
BN.PF.I FixedReset Disc -1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.76
Evaluated at bid price : 23.10
Bid-YTW : 7.06 %
CU.PR.F Perpetual-Discount -1.59 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 18.60
Evaluated at bid price : 18.60
Bid-YTW : 6.16 %
CU.PR.J Perpetual-Discount -1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.98
Evaluated at bid price : 19.98
Bid-YTW : 6.05 %
BMO.PR.E FixedReset Prem -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.51
Evaluated at bid price : 25.70
Bid-YTW : 5.61 %
PWF.PR.F Perpetual-Discount -1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 20.80
Evaluated at bid price : 20.80
Bid-YTW : 6.35 %
IFC.PR.I Insurance Straight -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.18
Evaluated at bid price : 22.50
Bid-YTW : 6.05 %
PWF.PR.R Perpetual-Discount -1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.90
Evaluated at bid price : 22.14
Bid-YTW : 6.23 %
IFC.PR.A FixedReset Ins Non -1.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 18.10
Evaluated at bid price : 18.10
Bid-YTW : 6.39 %
MFC.PR.F FixedReset Ins Non -1.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.10
Evaluated at bid price : 15.10
Bid-YTW : 6.77 %
GWO.PR.M Insurance Straight -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.41
Evaluated at bid price : 23.70
Bid-YTW : 6.18 %
PWF.PR.G Perpetual-Discount -1.13 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.33
Evaluated at bid price : 23.61
Bid-YTW : 6.27 %
IFC.PR.F Insurance Straight -1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.66
Evaluated at bid price : 22.05
Bid-YTW : 6.06 %
IFC.PR.E Insurance Straight -1.07 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.76
Evaluated at bid price : 22.11
Bid-YTW : 5.93 %
ENB.PR.H FixedReset Disc 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 6.98 %
PWF.PR.P FixedReset Disc 1.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 14.88
Evaluated at bid price : 14.88
Bid-YTW : 7.19 %
FFH.PR.K FixedReset Disc 1.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.73
Evaluated at bid price : 24.05
Bid-YTW : 6.43 %
SLF.PR.G FixedReset Ins Non 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.95
Evaluated at bid price : 15.95
Bid-YTW : 6.59 %
GWO.PR.N FixedReset Ins Non 1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 6.68 %
FTS.PR.M FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 20.55
Evaluated at bid price : 20.55
Bid-YTW : 6.62 %
BN.PF.G FixedReset Disc 1.84 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 18.81
Evaluated at bid price : 18.81
Bid-YTW : 7.52 %
GWO.PR.G Insurance Straight 2.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.50
Evaluated at bid price : 21.50
Bid-YTW : 6.12 %
BN.PF.F FixedReset Disc 2.49 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 20.61
Evaluated at bid price : 20.61
Bid-YTW : 7.01 %
SLF.PR.J FloatingReset 2.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.90
Evaluated at bid price : 15.90
Bid-YTW : 6.51 %
MFC.PR.Q FixedReset Ins Non 2.77 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.17
Evaluated at bid price : 22.61
Bid-YTW : 6.11 %
IFC.PR.C FixedReset Ins Non 3.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.83 %
MFC.PR.I FixedReset Ins Non 3.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.84
Evaluated at bid price : 23.55
Bid-YTW : 6.10 %
ENB.PF.G FixedReset Disc 8.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.74 %
MFC.PR.M FixedReset Ins Non 14.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.80
Evaluated at bid price : 24.00
Bid-YTW : 5.48 %
Volume Highlights
Issue Index Shares
Traded		 Notes
BN.PF.E FixedReset Disc 29,200 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 18.32
Evaluated at bid price : 18.32
Bid-YTW : 7.32 %
RY.PR.J FixedReset Disc 24,000 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 4.00 %
TD.PF.A FixedReset Disc 13,828 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.53
Evaluated at bid price : 23.41
Bid-YTW : 5.33 %
FFH.PR.G FixedReset Disc 13,100 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 22.24
Evaluated at bid price : 22.97
Bid-YTW : 5.76 %
MFC.PR.C Insurance Straight 11,301 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 5.91 %
RY.PR.N Perpetual-Discount 11,229 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 23.53
Evaluated at bid price : 23.80
Bid-YTW : 5.22 %
There were 0 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CU.PR.G Perpetual-Discount Quote: 16.00 – 20.20
Spot Rate : 4.2000
Average : 2.5166

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 16.00
Evaluated at bid price : 16.00
Bid-YTW : 7.17 %
SLF.PR.G FixedReset Ins Non Quote: 15.95 – 18.60
Spot Rate : 2.6500
Average : 1.5498

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.95
Evaluated at bid price : 15.95
Bid-YTW : 6.59 %
SLF.PR.C Insurance Straight Quote: 19.76 – 21.45
Spot Rate : 1.6900
Average : 1.0466

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 19.76
Evaluated at bid price : 19.76
Bid-YTW : 5.69 %
GWO.PR.N FixedReset Ins Non Quote: 15.00 – 16.55
Spot Rate : 1.5500
Average : 0.9811

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 15.00
Evaluated at bid price : 15.00
Bid-YTW : 6.68 %
GWO.PR.T Insurance Straight Quote: 21.14 – 22.92
Spot Rate : 1.7800
Average : 1.2400

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 21.14
Evaluated at bid price : 21.14
Bid-YTW : 6.16 %
ENB.PR.D FixedReset Disc Quote: 17.55 – 18.84
Spot Rate : 1.2900
Average : 0.7880

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-21
Maturity Price : 17.55
Evaluated at bid price : 17.55
Bid-YTW : 7.59 %
Market Action

April 25, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.1717 % 2,076.5
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.1717 % 4,042.2
Floater 7.42 % 7.99 % 64,636 11.38 3 0.1717 % 2,329.6
OpRet 0.00 % 0.00 % 0 0.00 0 -0.1241 % 3,638.4
SplitShare 4.81 % 4.60 % 65,646 1.75 8 -0.1241 % 4,345.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.1241 % 3,390.2
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.6170 % 2,838.9
Perpetual-Discount 6.06 % 6.17 % 52,979 13.65 33 -0.6170 % 3,095.7
FixedReset Disc 5.77 % 6.63 % 124,389 12.66 49 0.0692 % 2,723.0
Insurance Straight 5.93 % 6.05 % 75,709 13.83 21 0.0498 % 3,051.9
FloatingReset 5.94 % 5.96 % 38,606 13.90 3 -0.6037 % 3,468.8
FixedReset Prem 6.44 % 5.53 % 140,402 13.81 10 -0.1850 % 2,543.7
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 0.0692 % 2,783.5
FixedReset Ins Non 5.76 % 6.21 % 71,492 13.45 12 -0.2875 % 2,730.3
Performance Highlights
Issue Index Change Notes
BN.PF.D Perpetual-Discount -7.92 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.94 %
BN.PF.C Perpetual-Discount -3.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.62 %
MFC.PR.C Insurance Straight -3.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.01 %
PWF.PR.K Perpetual-Discount -2.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 6.29 %
PWF.PF.A Perpetual-Discount -2.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 18.22
Evaluated at bid price : 18.22
Bid-YTW : 6.22 %
SLF.PR.D Insurance Straight -1.76 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.55
Evaluated at bid price : 19.55
Bid-YTW : 5.76 %
GWO.PR.H Insurance Straight -1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 6.11 %
CU.PR.J Perpetual-Discount -1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.10 %
FFH.PR.J FloatingReset -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.02
Evaluated at bid price : 23.40
Bid-YTW : 5.96 %
CU.PR.H Perpetual-Discount -1.10 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.22
Evaluated at bid price : 22.50
Bid-YTW : 5.92 %
CU.PR.C FixedReset Disc -1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 6.63 %
PWF.PR.S Perpetual-Discount -1.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.50
Evaluated at bid price : 19.50
Bid-YTW : 6.20 %
GWO.PR.P Insurance Straight 1.11 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.60
Evaluated at bid price : 22.85
Bid-YTW : 5.97 %
PWF.PR.P FixedReset Disc 1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 14.90
Evaluated at bid price : 14.90
Bid-YTW : 7.19 %
POW.PR.D Perpetual-Discount 1.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.78
Evaluated at bid price : 20.78
Bid-YTW : 6.07 %
BIP.PR.E FixedReset Disc 1.41 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.45
Evaluated at bid price : 23.00
Bid-YTW : 6.54 %
ENB.PF.K FixedReset Disc 1.48 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.66
Evaluated at bid price : 23.35
Bid-YTW : 6.53 %
MFC.PR.B Insurance Straight 1.52 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 20.05
Evaluated at bid price : 20.05
Bid-YTW : 5.88 %
IFC.PR.K Insurance Straight 2.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 21.45
Evaluated at bid price : 21.77
Bid-YTW : 6.09 %
GWO.PR.T Insurance Straight 3.51 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 21.55
Evaluated at bid price : 21.55
Bid-YTW : 6.05 %
Volume Highlights
Issue Index Shares
Traded		 Notes
TD.PF.A FixedReset Disc 785,626 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.58
Evaluated at bid price : 23.52
Bid-YTW : 5.30 %
TD.PF.D FixedReset Disc 575,756 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.77
Evaluated at bid price : 24.64
Bid-YTW : 5.61 %
BMO.PR.Y FixedReset Disc 100,968 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.92
Evaluated at bid price : 24.69
Bid-YTW : 5.55 %
PWF.PR.G Perpetual-Discount 99,551 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 23.63
Evaluated at bid price : 23.90
Bid-YTW : 6.20 %
RY.PR.J FixedReset Disc 85,989 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-06-23
Maturity Price : 25.00
Evaluated at bid price : 24.93
Bid-YTW : 4.59 %
ENB.PR.Y FixedReset Disc 80,926 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.52 %
There were 15 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CU.PR.F Perpetual-Discount Quote: 19.00 – 23.88
Spot Rate : 4.8800
Average : 2.8625

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.03 %
SLF.PR.G FixedReset Ins Non Quote: 15.96 – 18.60
Spot Rate : 2.6400
Average : 1.6125

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 15.96
Evaluated at bid price : 15.96
Bid-YTW : 6.60 %
BN.PF.D Perpetual-Discount Quote: 17.90 – 19.60
Spot Rate : 1.7000
Average : 0.9883

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 17.90
Evaluated at bid price : 17.90
Bid-YTW : 6.94 %
CU.PR.J Perpetual-Discount Quote: 19.82 – 21.60
Spot Rate : 1.7800
Average : 1.1664

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.10 %
CU.PR.C FixedReset Disc Quote: 19.97 – 22.11
Spot Rate : 2.1400
Average : 1.7131

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 19.97
Evaluated at bid price : 19.97
Bid-YTW : 6.63 %
TD.PF.A FixedReset Disc Quote: 23.52 – 24.80
Spot Rate : 1.2800
Average : 0.8994

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-25
Maturity Price : 22.58
Evaluated at bid price : 23.52
Bid-YTW : 5.30 %
Market Action

April 17, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 0.4011 % 2,078.3
FixedFloater 0.00 % 0.00 % 0 0.00 0 0.4011 % 4,045.7
Floater 7.42 % 7.99 % 65,609 11.40 3 0.4011 % 2,331.6
OpRet 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,611.3
SplitShare 4.83 % 5.20 % 70,935 1.77 9 0.0044 % 4,312.6
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.0044 % 3,364.9
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.1368 % 2,846.7
Perpetual-Discount 6.04 % 6.15 % 60,587 13.72 33 -0.1368 % 3,104.2
FixedReset Disc 5.84 % 7.03 % 135,866 12.48 49 -0.5070 % 2,689.1
Insurance Straight 5.95 % 6.05 % 74,435 13.84 21 0.0204 % 3,044.3
FloatingReset 5.95 % 5.88 % 42,112 14.05 3 -0.1601 % 3,456.6
FixedReset Prem 6.44 % 5.81 % 143,028 13.78 10 -0.1929 % 2,543.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.5070 % 2,748.8
FixedReset Ins Non 5.86 % 6.41 % 76,975 13.16 12 -0.9089 % 2,685.4
Performance Highlights
Issue Index Change Notes
ENB.PF.G FixedReset Disc -8.61 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %
IFC.PR.C FixedReset Ins Non -6.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %
MFC.PR.Q FixedReset Ins Non -4.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.74
Evaluated at bid price : 22.00
Bid-YTW : 6.38 %
PWF.PR.E Perpetual-Discount -3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.76
Evaluated at bid price : 22.01
Bid-YTW : 6.27 %
GWO.PR.G Insurance Straight -3.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.26 %
BN.PF.G FixedReset Disc -2.69 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.47
Evaluated at bid price : 18.47
Bid-YTW : 7.79 %
ENB.PR.J FixedReset Disc -2.68 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
BN.PF.C Perpetual-Discount -2.37 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.61 %
BN.PF.J FixedReset Disc -2.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.31
Evaluated at bid price : 22.75
Bid-YTW : 6.69 %
FTS.PR.F Perpetual-Discount -2.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %
GWO.PR.S Insurance Straight -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.33
Evaluated at bid price : 21.60
Bid-YTW : 6.13 %
PWF.PR.F Perpetual-Discount -2.22 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.12
Evaluated at bid price : 21.12
Bid-YTW : 6.25 %
FFH.PR.K FixedReset Disc -2.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.41
Evaluated at bid price : 23.75
Bid-YTW : 6.59 %
POW.PR.B Perpetual-Discount -1.90 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.47
Evaluated at bid price : 21.73
Bid-YTW : 6.19 %
SLF.PR.G FixedReset Ins Non -1.87 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 15.75
Evaluated at bid price : 15.75
Bid-YTW : 6.83 %
POW.PR.G Perpetual-Discount -1.53 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.23 %
CU.PR.H Perpetual-Discount -1.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
NA.PR.G FixedReset Prem -1.29 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.40
Evaluated at bid price : 25.32
Bid-YTW : 5.81 %
FFH.PR.J FloatingReset -1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 23.33
Evaluated at bid price : 23.65
Bid-YTW : 5.88 %
BN.PF.E FixedReset Disc -1.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.26
Evaluated at bid price : 18.26
Bid-YTW : 7.42 %
MFC.PR.B Insurance Straight -1.00 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.75
Evaluated at bid price : 19.75
Bid-YTW : 5.96 %
BN.PF.D Perpetual-Discount 1.05 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.30
Evaluated at bid price : 19.30
Bid-YTW : 6.42 %
GWO.PR.H Insurance Straight 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.95
Evaluated at bid price : 19.95
Bid-YTW : 6.14 %
SLF.PR.C Insurance Straight 1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.80
Evaluated at bid price : 19.80
Bid-YTW : 5.68 %
ENB.PF.K FixedReset Disc 1.38 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.33
Evaluated at bid price : 22.81
Bid-YTW : 6.78 %
SLF.PR.D Insurance Straight 1.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.65
Evaluated at bid price : 19.65
Bid-YTW : 5.72 %
BN.PR.M Perpetual-Discount 1.64 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.55
Evaluated at bid price : 18.55
Bid-YTW : 6.47 %
IFC.PR.A FixedReset Ins Non 1.66 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.36
Evaluated at bid price : 18.36
Bid-YTW : 6.41 %
ENB.PR.B FixedReset Disc 2.03 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 17.09
Evaluated at bid price : 17.09
Bid-YTW : 7.88 %
FTS.PR.J Perpetual-Discount 3.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.03
Evaluated at bid price : 20.03
Bid-YTW : 6.03 %
CU.PR.F Perpetual-Discount 3.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %
PWF.PR.K Perpetual-Discount 3.57 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 6.13 %
SLF.PR.E Insurance Straight 3.81 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 19.90
Evaluated at bid price : 19.90
Bid-YTW : 5.71 %
Volume Highlights
Issue Index Shares
Traded		 Notes
RY.PR.J FixedReset Disc 1,034,674 YTW SCENARIO
Maturity Type : Call
Maturity Date : 2025-05-24
Maturity Price : 25.00
Evaluated at bid price : 25.11
Bid-YTW : 3.56 %
CU.PR.J Perpetual-Discount 237,121 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.30
Evaluated at bid price : 20.30
Bid-YTW : 5.95 %
IFC.PR.E Insurance Straight 177,227 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 21.96
Evaluated at bid price : 22.35
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight 176,061 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.47
Evaluated at bid price : 22.83
Bid-YTW : 5.96 %
CU.PR.H Perpetual-Discount 147,266 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.07
Evaluated at bid price : 22.30
Bid-YTW : 5.97 %
TD.PF.A FixedReset Disc 108,382 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 22.58
Evaluated at bid price : 23.51
Bid-YTW : 5.38 %
There were 23 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
CU.PR.F Perpetual-Discount Quote: 18.90 – 23.88
Spot Rate : 4.9800
Average : 3.0792

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.90
Evaluated at bid price : 18.90
Bid-YTW : 6.05 %
ENB.PF.G FixedReset Disc Quote: 16.25 – 17.91
Spot Rate : 1.6600
Average : 1.1933

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 16.25
Evaluated at bid price : 16.25
Bid-YTW : 8.58 %
GWO.PR.Y Insurance Straight Quote: 18.86 – 21.00
Spot Rate : 2.1400
Average : 1.6809

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.86
Evaluated at bid price : 18.86
Bid-YTW : 6.03 %
FTS.PR.F Perpetual-Discount Quote: 20.85 – 21.98
Spot Rate : 1.1300
Average : 0.7394

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 20.85
Evaluated at bid price : 20.85
Bid-YTW : 5.97 %
IFC.PR.C FixedReset Ins Non Quote: 18.80 – 20.44
Spot Rate : 1.6400
Average : 1.3256

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 7.15 %
ENB.PR.J FixedReset Disc Quote: 18.50 – 19.30
Spot Rate : 0.8000
Average : 0.5184

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-17
Maturity Price : 18.50
Evaluated at bid price : 18.50
Bid-YTW : 7.74 %
Market Action

April 16, 2025

HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices
Values are provisional and are finalized monthly
Index Mean
Current
Yield
(at bid)		 Median
YTW		 Median
Average
Trading
Value		 Median
Mod Dur
(YTW)		 Issues Day’s Perf. Index Value
Ratchet 0.00 % 0.00 % 0 0.00 0 -0.4847 % 2,070.0
FixedFloater 0.00 % 0.00 % 0 0.00 0 -0.4847 % 4,029.5
Floater 7.45 % 7.99 % 65,093 11.40 3 -0.4847 % 2,322.2
OpRet 0.00 % 0.00 % 0 0.00 0 0.2050 % 3,611.1
SplitShare 4.83 % 5.08 % 70,560 1.77 9 0.2050 % 4,312.4
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 0.2050 % 3,364.7
Perpetual-Premium 0.00 % 0.00 % 0 0.00 0 -0.7142 % 2,850.6
Perpetual-Discount 6.03 % 6.15 % 61,228 13.73 33 -0.7142 % 3,108.5
FixedReset Disc 5.81 % 7.00 % 131,718 12.49 49 -0.1214 % 2,702.8
Insurance Straight 5.95 % 6.02 % 75,115 13.87 21 0.7100 % 3,043.7
FloatingReset 5.94 % 5.82 % 42,618 14.15 3 0.0641 % 3,462.2
FixedReset Prem 6.43 % 5.72 % 142,702 13.74 10 0.0079 % 2,548.1
FixedReset Bank Non 0.00 % 0.00 % 0 0.00 0 -0.1214 % 2,762.8
FixedReset Ins Non 5.81 % 6.42 % 76,230 13.20 12 -0.8028 % 2,710.0
Performance Highlights
Issue Index Change Notes
CU.PR.F Perpetual-Discount -20.02 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.30
Evaluated at bid price : 18.30
Bid-YTW : 6.25 %
MFC.PR.M FixedReset Ins Non -12.50 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.00
Evaluated at bid price : 21.00
Bid-YTW : 6.44 %
FTS.PR.J Perpetual-Discount -5.83 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.22 %
ENB.PR.B FixedReset Disc -3.85 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 16.75
Evaluated at bid price : 16.75
Bid-YTW : 8.04 %
PWF.PR.K Perpetual-Discount -3.73 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.35 %
BN.PR.M Perpetual-Discount -2.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.25
Evaluated at bid price : 18.25
Bid-YTW : 6.58 %
PWF.PR.A Floater -2.26 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 13.00
Evaluated at bid price : 13.00
Bid-YTW : 6.81 %
ENB.PR.D FixedReset Disc -2.24 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.45
Evaluated at bid price : 17.45
Bid-YTW : 7.74 %
ENB.PR.H FixedReset Disc -2.23 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.82
Evaluated at bid price : 18.82
Bid-YTW : 7.15 %
SLF.PR.E Insurance Straight -2.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.17
Evaluated at bid price : 19.17
Bid-YTW : 5.93 %
BN.PF.B FixedReset Disc -1.95 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.10
Evaluated at bid price : 20.10
Bid-YTW : 7.17 %
ENB.PF.E FixedReset Disc -1.56 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.70
Evaluated at bid price : 17.70
Bid-YTW : 7.92 %
BN.PR.X FixedReset Disc -1.46 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 15.47
Evaluated at bid price : 15.47
Bid-YTW : 7.65 %
CU.PR.D Perpetual-Discount -1.45 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.45
Evaluated at bid price : 20.45
Bid-YTW : 6.09 %
SLF.PR.D Insurance Straight -1.43 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.35
Evaluated at bid price : 19.35
Bid-YTW : 5.81 %
BN.PF.D Perpetual-Discount -1.39 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.10
Evaluated at bid price : 19.10
Bid-YTW : 6.49 %
GWO.PR.I Insurance Straight -1.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.80
Evaluated at bid price : 18.80
Bid-YTW : 6.05 %
ENB.PR.J FixedReset Disc -1.35 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.01
Evaluated at bid price : 19.01
Bid-YTW : 7.53 %
ENB.PF.K FixedReset Disc -1.32 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.13
Evaluated at bid price : 22.50
Bid-YTW : 6.88 %
BN.PF.C Perpetual-Discount -1.30 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.00
Evaluated at bid price : 19.00
Bid-YTW : 6.45 %
ENB.PF.G FixedReset Disc -1.28 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.78
Evaluated at bid price : 17.78
Bid-YTW : 7.84 %
SLF.PR.J FloatingReset -1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 15.50
Evaluated at bid price : 15.50
Bid-YTW : 6.66 %
POW.PR.D Perpetual-Discount -1.25 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.50
Evaluated at bid price : 20.50
Bid-YTW : 6.15 %
ENB.PR.Y FixedReset Disc -1.19 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.41
Evaluated at bid price : 17.41
Bid-YTW : 7.73 %
MFC.PR.I FixedReset Ins Non -1.17 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.38
Evaluated at bid price : 22.80
Bid-YTW : 6.41 %
ENB.PR.P FixedReset Disc -1.16 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.73
Evaluated at bid price : 18.73
Bid-YTW : 7.54 %
IFC.PR.E Insurance Straight -1.15 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.93
Evaluated at bid price : 22.32
Bid-YTW : 5.86 %
IFC.PR.I Insurance Straight -1.09 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.31
Evaluated at bid price : 22.68
Bid-YTW : 5.99 %
PWF.PR.G Perpetual-Discount 1.01 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.68
Evaluated at bid price : 23.95
Bid-YTW : 6.18 %
BN.PF.E FixedReset Disc 1.04 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.45
Evaluated at bid price : 18.45
Bid-YTW : 7.35 %
ENB.PR.A Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.33
Evaluated at bid price : 22.60
Bid-YTW : 6.17 %
PWF.PR.S Perpetual-Discount 1.12 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.82
Evaluated at bid price : 19.82
Bid-YTW : 6.08 %
PWF.PR.Z Perpetual-Discount 1.20 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.02
Evaluated at bid price : 21.02
Bid-YTW : 6.15 %
FFH.PR.J FloatingReset 1.27 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.63
Evaluated at bid price : 23.90
Bid-YTW : 5.82 %
PWF.PR.R Perpetual-Discount 1.40 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.24
Evaluated at bid price : 22.51
Bid-YTW : 6.12 %
SLF.PR.G FixedReset Ins Non 1.58 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 16.05
Evaluated at bid price : 16.05
Bid-YTW : 6.70 %
POW.PR.B Perpetual-Discount 1.70 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.91
Evaluated at bid price : 22.15
Bid-YTW : 6.07 %
MFC.PR.C Insurance Straight 1.93 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.52
Evaluated at bid price : 19.52
Bid-YTW : 5.84 %
GWO.PR.S Insurance Straight 2.31 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.86
Evaluated at bid price : 22.10
Bid-YTW : 5.99 %
BN.PF.J FixedReset Disc 2.42 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.65
Evaluated at bid price : 23.30
Bid-YTW : 6.52 %
BN.PF.I FixedReset Disc 3.06 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.26
Evaluated at bid price : 23.60
Bid-YTW : 7.00 %
GWO.PR.G Insurance Straight 3.33 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.44
Evaluated at bid price : 21.70
Bid-YTW : 6.04 %
ENB.PR.N FixedReset Disc 3.34 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 21.05
Evaluated at bid price : 21.05
Bid-YTW : 7.07 %
PWF.PR.E Perpetual-Discount 3.36 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.49
Evaluated at bid price : 22.75
Bid-YTW : 6.06 %
MFC.PR.Q FixedReset Ins Non 4.55 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 22.42
Evaluated at bid price : 23.00
Bid-YTW : 6.08 %
CCS.PR.C Insurance Straight 18.44 % YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.81
Evaluated at bid price : 20.81
Bid-YTW : 6.07 %
Volume Highlights
Issue Index Shares
Traded		 Notes
ENB.PR.T FixedReset Disc 41,366 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.43
Evaluated at bid price : 19.43
Bid-YTW : 7.43 %
BN.PF.I FixedReset Disc 23,690 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.26
Evaluated at bid price : 23.60
Bid-YTW : 7.00 %
CM.PR.Q FixedReset Disc 16,803 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.92
Evaluated at bid price : 24.72
Bid-YTW : 5.69 %
NA.PR.S FixedReset Prem 13,699 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.08
Evaluated at bid price : 24.55
Bid-YTW : 5.54 %
RY.PR.S FixedReset Prem 12,900 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 23.45
Evaluated at bid price : 25.60
Bid-YTW : 5.26 %
ENB.PR.F FixedReset Disc 12,513 YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 17.87
Evaluated at bid price : 17.87
Bid-YTW : 7.76 %
There were 3 other index-included issues trading in excess of 10,000 shares.
Wide Spread Highlights
See TMX DataLinx: ‘Last’ != ‘Close’ and the posts linked therein for an idea of why these quotes are so horrible.
Issue Index Quote Data and Yield Notes
FTS.PR.M FixedReset Disc Quote: 20.40 – 24.80
Spot Rate : 4.4000
Average : 2.7964

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 20.40
Evaluated at bid price : 20.40
Bid-YTW : 6.75 %
GWO.PR.H Insurance Straight Quote: 19.73 – 21.95
Spot Rate : 2.2200
Average : 1.6171

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.73
Evaluated at bid price : 19.73
Bid-YTW : 6.21 %
PWF.PR.K Perpetual-Discount Quote: 19.60 – 21.90
Spot Rate : 2.3000
Average : 1.7407

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.60
Evaluated at bid price : 19.60
Bid-YTW : 6.35 %
BN.PF.G FixedReset Disc Quote: 18.98 – 20.48
Spot Rate : 1.5000
Average : 1.1314

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.98
Evaluated at bid price : 18.98
Bid-YTW : 7.58 %
FTS.PR.J Perpetual-Discount Quote: 19.40 – 20.50
Spot Rate : 1.1000
Average : 0.7465

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 19.40
Evaluated at bid price : 19.40
Bid-YTW : 6.22 %
BN.PR.N Perpetual-Discount Quote: 18.72 – 19.90
Spot Rate : 1.1800
Average : 0.8423

YTW SCENARIO
Maturity Type : Limit Maturity
Maturity Date : 2055-04-16
Maturity Price : 18.72
Evaluated at bid price : 18.72
Bid-YTW : 6.41 %