{"id":2217,"date":"2008-06-02T12:52:47","date_gmt":"2008-06-02T16:52:47","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2217"},"modified":"2008-06-02T12:52:47","modified_gmt":"2008-06-02T16:52:47","slug":"best-and-worst-performers-may-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2217","title":{"rendered":"Best and Worst Performers: May, 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;May 30&#8221;)<\/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>-4.10%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.R<\/td>\n<td>FixFloat<\/td>\n<td>Pfd-2(low)<br \/>[Under Review &#8211; Negative]<\/td>\n<td>-3.88%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>CIU.PR.A<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(high)<\/td>\n<td>-3.74%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.80% based on a bid of 19.95 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.I<\/td>\n<td>FixFloat<\/td>\n<td>Pfd-2(low)<br \/>[Under Review &#8211; Negative]<\/td>\n<td>-3.73%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BCE.PR.C<\/td>\n<td>FixFloat<\/td>\n<td>Pfd-2(low)<br \/>[Under Review &#8211; Negative]<\/td>\n<td>-2.95%<\/td>\n<td>&nbsp;<\/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>GWO.PR.I<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+4.78%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.35% based on a bid of 21.03 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+5.15%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.43% based on a bid of 20.50 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>+7.68%<\/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 6.94% based on a bid of 22.08 and a hardMaturity 2016-3-25 at 25.00. Compare with BNA.PR.C (6.58% to 2019-1-10; returned +1.87% on month) and BNA.PR.A (5.97% TO 2010-9-30; returned +1.31% on month).<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+9.14%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+11.98%<\/td>\n<td>&nbsp;<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>BCE issues did very poorly on the month, presumably on <a href=\"http:\/\/www.prefblog.com\/?p=2173\">fears that the Teachers&#8217; deal will not proceed as contemplated<\/a>.<\/p>\n<p>The two BAM floaters did extremely well &#8211; probably a combination of their having been oversold in the first place and a widening consensus that perhaps Canada Prime is not on a one-way march to zero.<\/p>\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-2217","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2217","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=2217"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2217\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}