{"id":45573,"date":"2023-08-08T22:20:36","date_gmt":"2023-08-09T03:20:36","guid":{"rendered":"https:\/\/prefblog.com\/?p=45573"},"modified":"2023-08-08T22:20:36","modified_gmt":"2023-08-09T03:20:36","slug":"august-8-2023","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=45573","title":{"rendered":"August 8, 2023"},"content":{"rendered":"

Another preferred fund is going down<\/a>:<\/p>\n

National Bank Investments Inc. (\u201cNBI\u201d) announces that, effective today, the units of all series of the NBI Canadian Preferred Equity Private Portfolio (the \u201cFund\u201d) will no longer be available for purchase by new or existing unitholders, including purchases made through a pre-authorized purchase plan.<\/p>\n

NBI was informed that a substantial portion of the Fund\u2019s units will be redeemed progressively in the coming months. Effective immediately, the portfolio sub-advisor, Fiera Capital Corporation, will carry out a progressive and orderly liquidation of the Fund\u2019s assets over this period in order to meet redemption requests. While care will be given to remain invested in accordance with the Fund\u2019s investment objective and strategies, the preferred equity market presents unique challenges. As such, the Fund\u2019s portfolio sub-advisor may, from time to time, depart from the investment objective and strategies stated in the Fund\u2019s prospectus.<\/p>\n

During the liquidation period, NBI will assess whether the Fund should ultimately, in the best interest of its unitholders, be terminated or merged with another NBI Fund, depending on market conditions.<\/p>\n

The above changes will be reflected in the upcoming amendment to the simplified prospectus for the NBI Funds which will be available on the SEDAR+ website (www.sedarplus.ca) and the National Bank Investments website (www.nbinvestments.ca).<\/p><\/blockquote>\n

This one had assets of 152-million<\/a> on 2023-3-31.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(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-0.5184 %<\/td>\n2,225.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5184 %<\/td>\n4,268.1<\/td>\n<\/tr>\n
Floater<\/td>\n10.94 %<\/td>\n11.21 %<\/td>\n44,754<\/td>\n8.60<\/td>\n2<\/td>\n-0.5184 %<\/td>\n2,459.7<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2411 %<\/td>\n3,354.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.02 %<\/td>\n7.61 %<\/td>\n42,788<\/td>\n2.07<\/td>\n8<\/td>\n0.2411 %<\/td>\n4,006.0<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2411 %<\/td>\n3,125.7<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.2908 %<\/td>\n2,560.2<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.70 %<\/td>\n6.82 %<\/td>\n46,631<\/td>\n12.78<\/td>\n31<\/td>\n0.2908 %<\/td>\n2,791.7<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.85 %<\/td>\n8.45 %<\/td>\n86,893<\/td>\n11.21<\/td>\n56<\/td>\n-0.1171 %<\/td>\n2,142.7<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.64 %<\/td>\n6.75 %<\/td>\n55,460<\/td>\n12.81<\/td>\n18<\/td>\n-0.1514 %<\/td>\n2,710.3<\/td>\n<\/tr>\n
FloatingReset<\/td>\n10.93 %<\/td>\n11.21 %<\/td>\n32,714<\/td>\n8.60<\/td>\n1<\/td>\n2.2418 %<\/td>\n2,420.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n7.03 %<\/td>\n7.05 %<\/td>\n238,399<\/td>\n3.67<\/td>\n1<\/td>\n-0.0400 %<\/td>\n2,299.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1171 %<\/td>\n2,190.3<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n6.41 %<\/td>\n8.05 %<\/td>\n72,686<\/td>\n11.48<\/td>\n10<\/td>\n-0.2977 %<\/td>\n2,307.9<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\n-6.74 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.58
\nEvaluated at bid price : 17.58
\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n
BN.PF.A<\/td>\nFixedReset Disc<\/td>\n-2.64 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 19.89
\nEvaluated at bid price : 19.89
\nBid-YTW : 8.66 %<\/td>\n<\/tr>\n
MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\n-2.53 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
BIP.PR.E<\/td>\nFixedReset Disc<\/td>\n-2.31 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 8.53 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-2.29 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n
BN.PR.T<\/td>\nFixedReset Disc<\/td>\n-1.79 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 13.75
\nEvaluated at bid price : 13.75
\nBid-YTW : 10.06 %<\/td>\n<\/tr>\n
BN.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.73 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 14.22
\nEvaluated at bid price : 14.22
\nBid-YTW : 9.56 %<\/td>\n<\/tr>\n
BN.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 13.55
\nEvaluated at bid price : 13.55
\nBid-YTW : 10.23 %<\/td>\n<\/tr>\n
GWO.PR.S<\/td>\nInsurance Straight<\/td>\n-1.28 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
BN.PR.M<\/td>\nPerpetual-Discount<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.25
\nEvaluated at bid price : 17.25
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n
RY.PR.M<\/td>\nFixedReset Disc<\/td>\n1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 18.20
\nEvaluated at bid price : 18.20
\nBid-YTW : 8.15 %<\/td>\n<\/tr>\n
MFC.PR.B<\/td>\nInsurance Straight<\/td>\n1.14 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n1.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n
POW.PR.C<\/td>\nPerpetual-Discount<\/td>\n1.61 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 21.86
\nEvaluated at bid price : 22.10
\nBid-YTW : 6.64 %<\/td>\n<\/tr>\n
CU.PR.I<\/td>\nFixedReset Disc<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 21.37
\nEvaluated at bid price : 21.37
\nBid-YTW : 8.27 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n2.24 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 15.05
\nEvaluated at bid price : 15.05
\nBid-YTW : 11.21 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
FTS.PR.G<\/td>\nFixedReset Disc<\/td>\n29,200<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 19.10
\nEvaluated at bid price : 19.10
\nBid-YTW : 8.03 %<\/td>\n<\/tr>\n
CM.PR.Q<\/td>\nFixedReset Disc<\/td>\n21,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.73
\nEvaluated at bid price : 17.73
\nBid-YTW : 8.64 %<\/td>\n<\/tr>\n
FTS.PR.M<\/td>\nFixedReset Disc<\/td>\n17,900<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.00
\nEvaluated at bid price : 17.00
\nBid-YTW : 9.16 %<\/td>\n<\/tr>\n
MFC.PR.Q<\/td>\nFixedReset Ins Non<\/td>\n17,500<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
BN.PR.K<\/td>\nFloater<\/td>\n12,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 11.50
\nEvaluated at bid price : 11.50
\nBid-YTW : 11.24 %<\/td>\n<\/tr>\n
BN.PF.F<\/td>\nFixedReset Disc<\/td>\n12,100<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 16.22
\nEvaluated at bid price : 16.22
\nBid-YTW : 10.16 %<\/td>\n<\/tr>\n
There were 3 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\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
PWF.PR.T<\/td>\nFixedReset Disc<\/td>\nQuote: 17.58 – 18.84
\nSpot Rate : 1.2600
\nAverage : 0.8043<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.58
\nEvaluated at bid price : 17.58
\nBid-YTW : 8.89 %<\/td>\n<\/tr>\n

BNS.PR.I<\/td>\nFixedReset Disc<\/td>\nQuote: 20.25 – 21.47
\nSpot Rate : 1.2200
\nAverage : 0.7825<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 20.25
\nEvaluated at bid price : 20.25
\nBid-YTW : 7.81 %<\/td>\n<\/tr>\n

PVS.PR.H<\/td>\nSplitShare<\/td>\nQuote: 23.00 – 23.60
\nSpot Rate : 0.6000
\nAverage : 0.3756<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2027-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.00
\nBid-YTW : 7.61 %<\/td>\n<\/tr>\n

MFC.PR.K<\/td>\nFixedReset Ins Non<\/td>\nQuote: 19.25 – 19.80
\nSpot Rate : 0.5500
\nAverage : 0.3439<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 19.25
\nEvaluated at bid price : 19.25
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n

BIP.PR.E<\/td>\nFixedReset Disc<\/td>\nQuote: 20.27 – 21.00
\nSpot Rate : 0.7300
\nAverage : 0.5691<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 20.27
\nEvaluated at bid price : 20.27
\nBid-YTW : 8.53 %<\/td>\n<\/tr>\n

SLF.PR.C<\/td>\nInsurance Straight<\/td>\nQuote: 17.05 – 17.74
\nSpot Rate : 0.6900
\nAverage : 0.5305<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2053-08-08
\nMaturity Price : 17.05
\nEvaluated at bid price : 17.05
\nBid-YTW : 6.63 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Another preferred fund is going down: National Bank Investments Inc. (\u201cNBI\u201d) announces that, effective today, the units of all series of the NBI Canadian Preferred Equity Private Portfolio (the \u201cFund\u201d) will no longer be available …<\/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-45573","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45573","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=45573"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/45573\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}