Aimia has announced: the applicable dividend rates for its Cumulative Rate Reset Preferred Shares, Series 1 (the “Series 1 Shares”) and its Cumulative Floating Rate Preferred Shares, Series 2 (the “Series 2 Shares”), further to …
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MAPF Performance: February 2015
The fund slightly outperformed in February, hurt by holdings in lower quality FixedResets and the surprisingly poorly performing IFC.PR.A, but buoyed by holdings in higher quality FixedResets and DeemedRetractibles. ZPR, is an ETF comprised of …
AIM.PR.A To Be Extended
Aimia has announced: that it does not intend to exercise its right to redeem all or any part of the currently outstanding 6,900,000 Cumulative Rate Reset Preferred Shares, Series 1 (the “Series 1 Shares”) on …
February 4, 2014
The EU is tightening the screws on Greece: The European Central Bank heaped pressure on Greece’s new government by restricting access to its direct liquidity lines, citing concerns about the country’s commitment to existing bailout …
February 3, 2015
Stop me if you’ve heard this one before: Denmark’s central bank sold a record amount of kroner last month to weaken the currency and preserve its peg to the euro as speculators test policy makers’ …
February 2, 2015
The prospects for global deflation are attracting a lot of ink: European and Chinese factories slashed prices in January as production flat-lined, heightening global deflation risks that point to another wave of central bank stimulus …
MAPF Performance: January 2015
The fund underperformed in January, hurt by its holdings in low-spread FixedResets. ZPR, is an ETF comprised of FixedResets and Floating Rate issues and a very high proportion of junk issues, returned +%, +% and …
MAPF Portfolio Composition: January 2015
Turnover continued to be above average in January, at about 18%. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively …
January 30, 2015
You know what Russia needs? Russia needs another James Coyne, that’s what Russia needs: The message some Russia watchers are getting from Friday’s surprise interest-rate cut is this: Start listening more to what President Vladimir …
January 29, 2014
Craig Torres and Aki Ito provide some interesting charts illustrating the Fed’s insouciance regarding the prospects of oil-fuelled deflation: There’s core inflation: Click for Big There’s consumer expectations of inflation: Click for Big … and …