{"id":1268,"date":"2007-10-03T15:43:45","date_gmt":"2007-10-03T19:43:45","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1268"},"modified":"2007-10-03T15:43:45","modified_gmt":"2007-10-03T19:43:45","slug":"best-worst-monthly-performances-september-2007","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1268","title":{"rendered":"Best & Worst Monthly Performances : September, 2007"},"content":{"rendered":"

These are total returns, with dividends presumed to have been reinvested at the bid price on the ex-date. The list has been restricted to issues in the HIMIPref\u2122 indices.<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Issue<\/td>\nIndex<\/td>\nDBRS Rating<\/td>\nMonthly Performance<\/td>\nNotes (“Now” means “September 28”)<\/td>\n<\/tr>\n
CIU.PR.A<\/td>\nPerpetualDiscount<\/td>\nPfd-2(high)<\/td>\n-5.27%<\/td>\nNow with a pre-tax bid-YTW of 5.38% based on a bid of 21.55 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BNS.PR.M<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-5.22%<\/td>\nNow with a pre-tax bid-YTW of 5.18% based on a bid of 21.66 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\nPfd-1(low)<\/td>\n-4.35%<\/td>\nNow with a pre-tax bid-YTW of 5.15% based on a bid of 22.00 and a limitMaturity.<\/td>\n<\/tr>\n
BNS.PR.L<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-4.33%<\/td>\nNow with a pre-tax bid-YTW of 5.17% based on a bid of 21.77 and a limitMaturity.<\/td>\n<\/tr>\n
SLF.PR.B<\/td>\nPerpetualDiscount<\/td>\nPfd-1(low)<\/td>\n-4.33%<\/td>\nNow with a pre-tax bid-YTW of 5.30% based on a bid of 22.76 and a limitMaturity.<\/td>\n<\/tr>\n
…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n<\/tr>\n
BCE.PR.B<\/td>\nRatchetRate<\/td>\nPfd-2(low)
\nReview Negative<\/td>\n		+2.50%<\/td>\nRecent conversion<\/a> from Fixed-Floater BCE.PR.A<\/td>\n<\/tr>\n
GWO.PR.E<\/td>\nOpRet<\/td>\nPfd-1(low)<\/td>\n+2.72%<\/td>\nOdd. Why would this one do so well? I can think of two possible reasons:\u00a0\u00a0\u00a0<\/p>\n
BNA.PR.B<\/td>\nSplitShare<\/td>\nPfd-2(low)<\/td>\n+2.87%<\/td>\nAsset Coverage of 3.38:1, according to the company<\/a>. Rating is constrained by the fact that the underlying asset is shares of BAM.A. Now with a pre-tax bid-YTW of 5.20% based on a bid of 24.70 and a hardMaturity<\/a> 2016-3-25 at 25.00.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\nPfd-2(low)<\/td>\n+2.97%<\/td>\n\u00a0<\/td>\n<\/tr>\n
BAM.PR.G<\/td>\nFixFloat<\/td>\nPfd-2(low)<\/td>\n+3.19%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

A much more random sample than was the case last month<\/a>, although two trends stand out:<\/p>\n