{"id":2115,"date":"2008-05-05T15:18:59","date_gmt":"2008-05-05T19:18:59","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2115"},"modified":"2008-05-05T15:18:59","modified_gmt":"2008-05-05T19:18:59","slug":"best-and-worst-performers-april-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2115","title":{"rendered":"Best and Worst Performers: April 2008"},"content":{"rendered":"<p>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<div align=\"center\">\n<table border=\"1\">\n<tr>\n<td>Issue<\/td>\n<td>Index<\/td>\n<td>DBRS Rating<\/td>\n<td>Monthly Performance<\/td>\n<td>Notes (&#8220;Now&#8221; means &#8220;April 30&#8221;)<\/td>\n<\/tr>\n<tr>\n<td>W.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-4.78%<\/td>\n<td>The Westcoast issues <a href=\"http:\/\/www.prefblog.com\/?p=2107\">are quite volatile<\/a>. Now with a pre-tax bid-YTW of 6.15% based on a bid of 22.50 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(high)<\/td>\n<td>-4.52%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.78% based on a bid of 21.77 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>TCA.PR.Y<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-3.41%<\/td>\n<td>&#8220;<a href=\"http:\/\/www.prefblog.com\/?p=1378\">Weak Pair<\/a>&#8221; with TCA.PR.X, below. Now with a pre-tax bid-YTW of 5.78% based on a bid of 48.20 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.N<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-3.39%<\/td>\n<td>&#8220;<a href=\"http:\/\/www.prefblog.com\/?p=1378\">Weak Pair<\/a>&#8221; with BAM.PR.M. Now with a pre-tax bid-YTW of 6.72% based on a bid of 17.93 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>TCA.PR.X<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-3.27%<\/td>\n<td>&#8220;<a href=\"http:\/\/www.prefblog.com\/?p=1378\">Weak Pair<\/a>&#8221; with TCA.PR.Y, above. Now with a pre-tax bid-YTW of 5.77% based on a bid of 48.27 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>&#8230;<\/td>\n<td>&#8230;<\/td>\n<td>&#8230;<\/td>\n<td>&#8230;<\/td>\n<td>&#8230;<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.Z<\/td>\n<td>FixFloat<\/td>\n<td>Pfd-2(low)<br \/>[Under Review &#8211; Negative]<\/td>\n<td>+3.93%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.K<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1<\/td>\n<td>+4.44%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.73% based on a bid of 22.91 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+5.85%<\/td>\n<td>Asset coverage of just under 3.2:1 as of April 30 according to <a href=\"http:\/\/www.bamsplit.com\/investor_nav.htm\">the company<\/a>. Now with a pre-tax bid-YTW of 8.04% based on a bid of 20.80 and a hardMaturity 2016-3-25 at 25.00. Compare with BNA.PR.C (below) and BNA.PR.A (6.35% TO 2010-9-30).<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+7.36%<\/td>\n<td>Asset coverage of just under 3.2:1 as of April 30 according to <a href=\"http:\/\/www.bamsplit.com\/investor_nav.htm\">the company<\/a>. Now with a pre-tax bid-YTW of 6.75% based on a bid of 20.71 and a hardMaturity 2019-1-10 at 25.00. Compare with BNA.PR.B (above) and BNA.PR.A (6.35% to 2010-9-30).<\/td>\n<\/tr>\n<tr>\n<td>FTU.PR.A<\/td>\n<td>Split Share (now moved to Scraps)<\/td>\n<td>Pfd-3<\/td>\n<td>+8.03%<\/td>\n<td>Asset coverage of just under 1.6:1 as of April 30, according to <a href=\"http:\/\/www.financial15.com\/us_split\/valuations.html\">the company<\/a>. <a href=\"http:\/\/www.prefblog.com\/?p=2094\">Downgraded to Pfd-3<\/a> by DBRS and <a href=\"http:\/\/www.prefblog.com\/?p=2111\">removed from the HIMIPref&trade; indices<\/a>. Now with a pre-tax bid-YTW of 7.49% based on a bid of 9.16% and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> 2012-12-1 at 10.00.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 &hellip;<\/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-2115","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2115","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=2115"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2115\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}