{"id":2775,"date":"2008-09-02T14:33:19","date_gmt":"2008-09-02T18:33:19","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=2775"},"modified":"2008-09-02T14:33:19","modified_gmt":"2008-09-02T18:33:19","slug":"best-worst-performers-august-2008","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=2775","title":{"rendered":"Best &amp; Worst Performers: August, 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 colspan=\"5\"><b>August, 2008<\/b><\/td>\n<\/tr>\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;August 29&#8221;)<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.C<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-2.55%<\/td>\n<td>Asset coverage of 3.3+:1 as of July 31 according to <a href=\"http:\/\/www.bamsplit.com\/investor\/nav.htm\">the company<\/a>. Now with a pre-tax bid-YTW of 9.34% based on a bid of 16.88 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#hardMaturity\">hardMaturity<\/a> 2019-1-10 at 25.00. Compare with BNA.PR.A (6.17% to call 2009-10-31) and BNA.PR.B (8.88% to 2016-3-25). See also a <a href=\"http:\/\/www.prefblog.com\/?p=2684\">comparison with BAM perps<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>BNA.PR.B<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-1.1520%<\/td>\n<td>Now with a pre-tax bid-YTW of 8.88% based on a bid of 19.71 and a hardMaturity 2016-3-25 at 25.00. See above for comparators.<\/td>\n<\/tr>\n<tr>\n<td>FTN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2<\/td>\n<td>-0.8721%<\/td>\n<td>Asset coverage of just under 2.0:1 as of August 15 according to <a href=\"http:\/\/www.financial15.com\/valuations.html\">the company<\/a>. Now with a pre-tax bid-YTW of 5.68% based on a bid of 9.77 and a hardMaturity 2015-12-1 at 10.00.<\/td>\n<\/tr>\n<tr>\n<td>FFN.PR.A<\/td>\n<td>SplitShare<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-0.7751%<\/td>\n<td>Asset coverage of 1.8+:1 as of August 15 according to <a href=\"http:\/\/www.financial15.com\/valuations.html\">the company<\/a>. Now with a pre-tax bid-YTW of 5.78% based on a bid of 9.74 and a hardMaturity 2014-12-1 at 10.00.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.O<\/td>\n<td>OpRet<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-0.2183%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.42% based on a bid of 22.85 and <a href=\"http:\/\/www.prefshares.com\/glossary.html#optionCertainty\">optionCertainty<\/a> 2013-6-30. Compare with BAM.PR.H (5.90% to 2012-3-30), BAM.PR.I (5.44% to 2013-12-30) and BAM.PR.J (6.27% to 2018-3-30).<\/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>CM.PR.H<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1 [Trend Negative]<\/td>\n<td>+7.3690%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.53% based on a bid of 18.65 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>NA.PR.L<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+7.6471%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.08% based on a bid of 20.13 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.E<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+7.7452%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.87% based on a bid of 23.51 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>CM.PR.I<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1 [Trend Negative]<\/td>\n<td>+8.3236%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.40% based on a bid of 18.61 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>POW.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(high)<\/td>\n<td>+8.5523%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.03% based on a bid of 21.07 and a limitMaturity. <\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p><\/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. August, 2008 Issue Index DBRS Rating &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-2775","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2775","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=2775"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/2775\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}