{"id":1773,"date":"2008-02-05T15:35:11","date_gmt":"2008-02-05T19:35:11","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=1773"},"modified":"2008-02-05T15:35:11","modified_gmt":"2008-02-05T19:35:11","slug":"best-worst-performers-january-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=1773","title":{"rendered":"Best & Worst Performers: January 2008"},"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”\u00a0means “January\u00a031”)<\/td>\n<\/tr>\n
BCE.PR.B<\/td>\nRatchet<\/td>\nPfd-2(low)<\/td>\n-7.11%<\/td>\nThis issue is most notable for the horrible market making lately, noted on February 4<\/a>, January 31<\/a>, January 22<\/a>, January 17<\/a> and January 7<\/a>. Naturally, one of the days that Little Boy Blue visits the haystack has to be month-end and it closed at 22.77-24.24. A rational quote would have kept it off this list.<\/td>\n<\/tr>\n
HSB.PR.C<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-3.86%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.69% based on a bid of 22.65 and\u00a0a limitMaturity<\/a>.<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-3.67%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.64% based on a bid of 23.90 and a limitMaturity.<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nPerpetualDiscount<\/td>\nPfd-1(low)<\/td>\n-3.20%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.32% based on a bid of 21.45 and a limitMaturity.<\/td>\n<\/tr>\n
HSB.PR.D<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-3.06%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.53% based on a bid of 22.84 and a limitMaturity.<\/td>\n<\/tr>\n
…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n<\/tr>\n
W.PR.H<\/td>\nPerpetualDiscount<\/td>\nPfd-2(low)<\/td>\n+4.73%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.81% based on a bid of 23.68 and a limitMaturity.<\/td>\n<\/tr>\n
W.PR.J<\/td>\nPerpetualDiscount<\/td>\nPfd-2(low)<\/td>\n+4.78%<\/td>\n\u00a0Now with a pre-tax bid-YTW of 5.90% based on a bid of 23.90 and a limitMaturity.<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\nPfd-2(low)<\/td>\n+5.30%<\/td>\n\u00a0A dead cat bounce from the horrible performance in December<\/a>.<\/td>\n<\/tr>\n
FTU.PR.A<\/td>\nSplitShare<\/td>\nPfd-2<\/td>\n+5.68%<\/td>\n\u00a0Asset coverage of just under 1.8:1 as of January 31, according to the company<\/a>. The US financials on which this is based managed to bounce back in the latter half of January, but another good sharp downdraft could make my speculation regarding a downgrade<\/a> look prescient. Now with a pre-tax bid-YTW of 5.98% based on a bid of 9.71 and a hardMaturity<\/a> 2012-12-1 at 10.00.<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\nPfd-2(low)<\/td>\n+6.11%<\/td>\n\u00a0Another dead cat bounce from December.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

It’s worth noting that HSB.PR.D was actually only the 27th-worst issue in the HIMIPref™ Universe, but only those issues included in the HIMIPref™ indices are examined for possible inclusion in this table. A lot of lower-volume and worse-credit issues were passed over.\n<\/p>\n

<\/p>\n","protected":false},"excerpt":{"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. Issue Index DBRS Rating Monthly Performance …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-1773","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1773"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/1773\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}