{"id":40910,"date":"2020-05-29T18:11:35","date_gmt":"2020-05-29T23:11:35","guid":{"rendered":"http:\/\/prefblog.com\/?p=40910"},"modified":"2020-05-29T18:11:35","modified_gmt":"2020-05-29T23:11:35","slug":"may-29-2020","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=40910","title":{"rendered":"May 29, 2020"},"content":{"rendered":"

Laurentian Bank chopped its dividend today<\/a>:<\/p>\n

At its meeting held on May 28, 2020, given the highly uncertain economic environment, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the \u201cBank\u201d) has approved a reduction of the quarterly dividend on its common shares by $0.27 or 40% to provide greater financial strength and flexibility to support continued growth, the pursuit of the Bank\u2019s Strategic Plan, and the alignment of the Bank\u2019s payout ratio with the Bank\u2019s policy.<\/p><\/blockquote>\n

… and the stock got hammered, down 9.14% with volume at a thirty-day (at least) high. Paul Chiasson comments in the Globe<\/a>:<\/p>\n

Laurentian Bank of Canada slashed its dividend by 40 per cent on Friday after a sharp drop in profit, becoming the first large Canadian bank to cut its payout in nearly 30 years.<\/p>\n

The Montreal-based bank came into the COVID-19 crisis on a back foot, having struggled in recent years with wage disputes and a challenging transition toward digital banking that has seen it shutter many branches and phase out teller services.
…<\/b>
Canada\u2019s seventh largest bank reported a 79-per-cent drop in profit for the three months ended April 30, with net income falling to $8.9-million from $43.3-million in the same quarter last year. The decline was largely attributed to a spike in provisions for potential loan losses tied to weakening economic conditions.<\/p>\n

Laurentian responded by cutting its quarterly dividend to 40 cents a share, down from 67 cents. This is the first time a large Canadian bank has cut its dividend since National Bank of Canada did so in 1992, according to data from Refinitiv.
…<\/b>
The bank\u2019s capital position deteriorated slightly in the quarter, with the closely watched common equity Tier 1 ratio falling to 8.8 per cent from 9 per cent. The bank said it now expects its capital levels \u201dwill remain below the level observed over the recent quarters.\u201d<\/p><\/blockquote>\n

The preferreds were relatively unscathed, with LB.PR.H down 1.5% on elevated volume and LB.PR.J down 0.38% on slightly above average volume.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6654 %<\/td>\n1,411.5<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.6654 %<\/td>\n2,590.0<\/td>\n<\/tr>\n
Floater<\/td>\n5.47 %<\/td>\n5.89 %<\/td>\n32,434<\/td>\n13.97<\/td>\n4<\/td>\n-0.6654 %<\/td>\n1,492.6<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0926 %<\/td>\n3,417.0<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.92 %<\/td>\n5.15 %<\/td>\n61,165<\/td>\n3.89<\/td>\n7<\/td>\n0.0926 %<\/td>\n4,080.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.0926 %<\/td>\n3,183.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2170 %<\/td>\n2,946.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.71 %<\/td>\n5.94 %<\/td>\n78,973<\/td>\n13.95<\/td>\n35<\/td>\n0.2170 %<\/td>\n3,160.2<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n6.45 %<\/td>\n5.28 %<\/td>\n177,909<\/td>\n14.58<\/td>\n83<\/td>\n0.6730 %<\/td>\n1,766.3<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.44 %<\/td>\n5.78 %<\/td>\n90,841<\/td>\n14.05<\/td>\n27<\/td>\n0.0941 %<\/td>\n3,127.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n5.12 %<\/td>\n5.22 %<\/td>\n47,479<\/td>\n15.19<\/td>\n3<\/td>\n1.5156 %<\/td>\n1,759.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.6730 %<\/td>\n2,442.7<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n2.00 %<\/td>\n3.60 %<\/td>\n151,856<\/td>\n1.63<\/td>\n2<\/td>\n0.1865 %<\/td>\n2,755.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.74 %<\/td>\n5.36 %<\/td>\n112,051<\/td>\n14.49<\/td>\n22<\/td>\n0.2940 %<\/td>\n1,770.3<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
BAM.PR.B<\/td>\nFloater<\/td>\n-2.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 7.40
\nEvaluated at bid price : 7.40
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
BAM.PR.K<\/td>\nFloater<\/td>\n-2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 7.35
\nEvaluated at bid price : 7.35
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 12.74
\nEvaluated at bid price : 12.74
\nBid-YTW : 6.24 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 21.21
\nEvaluated at bid price : 21.21
\nBid-YTW : 5.90 %<\/td>\n<\/tr>\n
TRP.PR.H<\/td>\nFloatingReset<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 7.27
\nEvaluated at bid price : 7.27
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
BAM.PR.C<\/td>\nFloater<\/td>\n-1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 7.40
\nEvaluated at bid price : 7.40
\nBid-YTW : 5.89 %<\/td>\n<\/tr>\n
IFC.PR.E<\/td>\nDeemed-Retractible<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 22.55
\nEvaluated at bid price : 22.85
\nBid-YTW : 5.78 %<\/td>\n<\/tr>\n
MFC.PR.H<\/td>\nFixedReset Ins Non<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 16.22
\nEvaluated at bid price : 16.22
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BIK.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 22.05
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n
MFC.PR.L<\/td>\nFixedReset Ins Non<\/td>\n-1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 13.21
\nEvaluated at bid price : 13.21
\nBid-YTW : 5.33 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.80
\nEvaluated at bid price : 14.80
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n1.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.14
\nEvaluated at bid price : 14.14
\nBid-YTW : 5.16 %<\/td>\n<\/tr>\n
BNS.PR.G<\/td>\nFixedReset Disc<\/td>\n1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 24.21
\nEvaluated at bid price : 24.61
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n1.04 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 23.11
\nEvaluated at bid price : 23.40
\nBid-YTW : 5.95 %<\/td>\n<\/tr>\n
TD.PF.K<\/td>\nFixedReset Disc<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 16.41
\nEvaluated at bid price : 16.41
\nBid-YTW : 5.13 %<\/td>\n<\/tr>\n
ELF.PR.G<\/td>\nPerpetual-Discount<\/td>\n1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 21.05
\nEvaluated at bid price : 21.05
\nBid-YTW : 5.73 %<\/td>\n<\/tr>\n
BAM.PR.Z<\/td>\nFixedReset Disc<\/td>\n1.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.91
\nEvaluated at bid price : 14.91
\nBid-YTW : 6.07 %<\/td>\n<\/tr>\n
PVS.PR.H<\/td>\nSplitShare<\/td>\n1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.30
\nBid-YTW : 5.21 %<\/td>\n<\/tr>\n
TRP.PR.C<\/td>\nFixedReset Disc<\/td>\n1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 8.34
\nEvaluated at bid price : 8.34
\nBid-YTW : 5.81 %<\/td>\n<\/tr>\n
GWO.PR.I<\/td>\nDeemed-Retractible<\/td>\n1.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 19.79
\nEvaluated at bid price : 19.79
\nBid-YTW : 5.79 %<\/td>\n<\/tr>\n
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\n1.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 19.56
\nEvaluated at bid price : 19.56
\nBid-YTW : 5.45 %<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 13.69
\nEvaluated at bid price : 13.69
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset Disc<\/td>\n1.30 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 19.50
\nEvaluated at bid price : 19.50
\nBid-YTW : 6.42 %<\/td>\n<\/tr>\n
BMO.PR.E<\/td>\nFixedReset Disc<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 16.63
\nEvaluated at bid price : 16.63
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
PWF.PR.S<\/td>\nPerpetual-Discount<\/td>\n1.37 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 20.75
\nEvaluated at bid price : 20.75
\nBid-YTW : 5.86 %<\/td>\n<\/tr>\n
HSE.PR.E<\/td>\nFixedReset Disc<\/td>\n1.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 11.05
\nEvaluated at bid price : 11.05
\nBid-YTW : 9.77 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n1.54 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 20.48
\nEvaluated at bid price : 20.48
\nBid-YTW : 5.62 %<\/td>\n<\/tr>\n
BMO.PR.C<\/td>\nFixedReset Disc<\/td>\n1.62 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
RY.PR.W<\/td>\nPerpetual-Discount<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 23.36
\nEvaluated at bid price : 23.65
\nBid-YTW : 5.20 %<\/td>\n<\/tr>\n
SLF.PR.I<\/td>\nFixedReset Ins Non<\/td>\n1.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 5.36 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 19.38
\nEvaluated at bid price : 19.38
\nBid-YTW : 6.46 %<\/td>\n<\/tr>\n
IFC.PR.A<\/td>\nFixedReset Ins Non<\/td>\n1.94 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 11.01
\nEvaluated at bid price : 11.01
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
CM.PR.Y<\/td>\nFixedReset Disc<\/td>\n2.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 20.60
\nEvaluated at bid price : 20.60
\nBid-YTW : 5.25 %<\/td>\n<\/tr>\n
BMO.PR.D<\/td>\nFixedReset Disc<\/td>\n2.12 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 17.36
\nEvaluated at bid price : 17.36
\nBid-YTW : 5.28 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n2.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 11.25
\nEvaluated at bid price : 11.25
\nBid-YTW : 5.82 %<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n2.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.55
\nEvaluated at bid price : 15.55
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n2.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.61
\nEvaluated at bid price : 14.61
\nBid-YTW : 5.15 %<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n2.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 9.20
\nEvaluated at bid price : 9.20
\nBid-YTW : 4.70 %<\/td>\n<\/tr>\n
HSE.PR.A<\/td>\nFixedReset Disc<\/td>\n3.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 6.00
\nEvaluated at bid price : 6.00
\nBid-YTW : 9.03 %<\/td>\n<\/tr>\n
RY.PR.J<\/td>\nFixedReset Disc<\/td>\n3.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.75
\nEvaluated at bid price : 15.75
\nBid-YTW : 4.96 %<\/td>\n<\/tr>\n
TD.PF.E<\/td>\nFixedReset Disc<\/td>\n3.76 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.73
\nEvaluated at bid price : 15.73
\nBid-YTW : 5.22 %<\/td>\n<\/tr>\n
SLF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n3.84 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 9.20
\nEvaluated at bid price : 9.20
\nBid-YTW : 4.82 %<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\n4.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.67
\nEvaluated at bid price : 15.67
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n
TRP.PR.F<\/td>\nFloatingReset<\/td>\n4.72 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 9.80
\nEvaluated at bid price : 9.80
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n5.08 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 9.30
\nEvaluated at bid price : 9.30
\nBid-YTW : 4.60 %<\/td>\n<\/tr>\n
TRP.PR.G<\/td>\nFixedReset Disc<\/td>\n6.38 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.00
\nEvaluated at bid price : 14.00
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
PWF.PR.P<\/td>\nFixedReset Disc<\/td>\n17.18 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 9.55
\nEvaluated at bid price : 9.55
\nBid-YTW : 5.24 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
BMO.PR.T<\/td>\nFixedReset Disc<\/td>\n116,256<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 13.69
\nEvaluated at bid price : 13.69
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n
RY.PR.H<\/td>\nFixedReset Disc<\/td>\n106,400<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.61
\nEvaluated at bid price : 14.61
\nBid-YTW : 4.92 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n101,636<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.24
\nEvaluated at bid price : 14.24
\nBid-YTW : 5.11 %<\/td>\n<\/tr>\n
BMO.PR.S<\/td>\nFixedReset Disc<\/td>\n100,177<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 14.11
\nEvaluated at bid price : 14.11
\nBid-YTW : 5.27 %<\/td>\n<\/tr>\n
CM.PR.R<\/td>\nFixedReset Disc<\/td>\n96,398<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 17.51
\nEvaluated at bid price : 17.51
\nBid-YTW : 5.54 %<\/td>\n<\/tr>\n
MFC.PR.C<\/td>\nDeemed-Retractible<\/td>\n59,380<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 20.32
\nEvaluated at bid price : 20.32
\nBid-YTW : 5.55 %<\/td>\n<\/tr>\n
There were 18 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
CU.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 15.67 – 18.00
\nSpot Rate : 2.3300
\nAverage : 1.4781<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.67
\nEvaluated at bid price : 15.67
\nBid-YTW : 4.53 %<\/td>\n<\/tr>\n

BMO.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 18.20 – 19.51
\nSpot Rate : 1.3100
\nAverage : 0.7303<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 5.23 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 15.55 – 18.80
\nSpot Rate : 3.2500
\nAverage : 2.7136<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.55
\nEvaluated at bid price : 15.55
\nBid-YTW : 5.14 %<\/td>\n<\/tr>\n

MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\nQuote: 8.99 – 10.20
\nSpot Rate : 1.2100
\nAverage : 0.6991<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 8.99
\nEvaluated at bid price : 8.99
\nBid-YTW : 4.99 %<\/td>\n<\/tr>\n

MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.21 – 16.38
\nSpot Rate : 1.1700
\nAverage : 0.7224<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 15.21
\nEvaluated at bid price : 15.21
\nBid-YTW : 5.30 %<\/td>\n<\/tr>\n

BIK.PR.A<\/td>\nFixedReset Disc<\/td>\nQuote: 22.51 – 24.00
\nSpot Rate : 1.4900
\nAverage : 1.1496<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2050-05-29
\nMaturity Price : 22.05
\nEvaluated at bid price : 22.51
\nBid-YTW : 6.48 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Laurentian Bank chopped its dividend today: At its meeting held on May 28, 2020, given the highly uncertain economic environment, the Board of Directors of the Laurentian Bank of Canada (TSX: LB) (the \u201cBank\u201d) has …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-40910","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40910","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=40910"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/40910\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}