{"id":2004,"date":"2008-04-01T15:46:26","date_gmt":"2008-04-01T19:46:26","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2004"},"modified":"2008-04-01T15:46:26","modified_gmt":"2008-04-01T19:46:26","slug":"best-worst-performers-march-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2004","title":{"rendered":"Best & Worst Performers: March 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” means “March 31”)<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nPerpetualDiscount<\/td>\nPfd-1(low)<\/td>\n-10.82%<\/td>\nA rebound from excellent performance in February<\/a>. Now with a pre-tax bid-YTW of 5.74% based on a bid of 19.53 and a limitMaturity<\/a>.<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nPerpetualDiscount<\/td>\nPfd-1(low)<\/td>\n-10.71%<\/td>\nNow with a pre-tax bid-YTW of 5.74% based on a bid of 19.50 and a limitMaturity.<\/td>\n<\/tr>\n
FTU.PR.A<\/td>\nSplitShare<\/td>\nPfd-2
[Review Developing]<\/td>\n		-10.25%<\/td>\nVolatile! Performed well in January<\/a>, poorly in February<\/a>. Asset coverage of just under 1.4:1 as of March 14 according to the company<\/a>. Now with a pre-tax bid-YTW of 9.29% based on a bid of 8.52 and a hardMaturity 2012-12-1 at 10.00. Given the relatively low asset coverage, deep discount to par and the DBRS Review of the sector<\/a>, it might be wise to view these as an equity substitute rather than as a preferred issue.<\/td>\n<\/tr>\n
BMO.PR.K<\/td>\nPerpetualDiscount<\/td>\nPfd-1<\/td>\n-9.77%<\/td>\nNow with a pre-tax bid-YTW of 5.98% based on a bid of 22.25 and a limitMaturity.<\/td>\n<\/tr>\n
BNA.PR.B<\/td>\nSplitShare<\/td>\nPfd-2(low)<\/td>\n-9.20%<\/td>\nAsset coverage of 2.8+:1 as of February 29, according to the company<\/a>. Now with a pre-tax bid-YTW of 8.86% based on a bid of 19.65 and a hardMaturity 2016-3-25 at 25.00. Compare with BNA.PR.A (6.47% to 2010-9-30) and BNA.PR.C (7.57% to 2019-1-10).<\/td>\n<\/tr>\n
…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n…<\/td>\n<\/tr>\n
CL.PR.B<\/td>\nPerpetualPremium<\/td>\nPfd-1(low)<\/td>\n+1.32%<\/td>\nNow with a pre-tax bid-YTW of -7.53% (that’s right, negative) based on a bid of 26.04 and a call 2008-4-30 at 25.75. Even the call 2011-1-30 at 25.00 gives rise to a yield of 4.69% … this issue looks rich.<\/td>\n<\/tr>\n
FIG.PR.A<\/td>\nInterestBearing<\/td>\nPfd-2<\/td>\n+1.37%<\/td>\nNow with a pre-tax bid-YTW of 6.12% based on a bid of 10.00 and a call 2008-4-30 at 10.00.<\/td>\n<\/tr>\n
BCE.PR.B<\/td>\nRatchet<\/td>\nPfd-2(low)
[Review Negative]<\/td>\n		+1.49%<\/td>\n <\/td>\n<\/tr>\n
BAM.PR.I<\/td>\nOpRet<\/td>\nPfd-2(low)<\/td>\n+1.78%<\/td>\nNow with a pre-tax bid-YTW of 4.96% based on a bid of 25.71 and a softMaturity<\/a> 2013-12-30 at 25.00. Compare with the other BAM OpRets: BAM.PR.H (5.37% to 2012-3-30) and BAM.PR.J (5.25% to 2018-3-30).<\/td>\n<\/tr>\n
BCE.PR.G<\/td>\nFixFloat<\/td>\nPfd-2(low)
Review Negative<\/td>\n		+2.20%<\/td>\n <\/td>\n<\/tr>\n<\/table>\n<\/div>\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-2004","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2004","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=2004"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2004\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}