{"id":50891,"date":"2019-10-08T21:56:00","date_gmt":"2019-10-09T01:56:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=50891"},"modified":"2025-11-21T21:56:54","modified_gmt":"2025-11-22T02:56:54","slug":"october-8-2019","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=50891","title":{"rendered":"October 8, 2019"},"content":{"rendered":"

Here’s a sign of the times<\/a>:<\/p>\n

The latest property owner to attempt an initial public offering is aiming to pay an annual yield around 2 per cent, an uncommonly low rate that illustrates the heavy demand for Canadian apartment buildings.<\/p>\n

Late last week, Toronto-based Continuum Residential Real Estate Investment Trust filed the paperwork for its IPO. According to two people familiar with the offering, the issuer is looking to raise $300-million and would pay investors 2 per cent annually if its units are priced at the mid-point of their marketing range.
…<\/b>
Amid such heavy demand, Minto Apartment REIT was able to go public in 2018 at a 2.8-per-cent yield and, 16 months later, Continuum is targeting an even lower level.
…<\/b>
Continuum\u2019s bet reflects the conditions of the current market. Canadian Apartment Properties REIT, the country\u2019s largest publicly traded rental-unit owner, now trades at a 2.4-per-cent yield, and Minto\u2019s units have performed so well since the REIT\u2019s IPO that they now yield 1.9 per cent.<\/p>\n<\/blockquote>\n

Sorry this is so late! A number of non-market things came up unexpectedly last night!<\/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-0.5419 %<\/td>\n1,839.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5419 %<\/td>\n3,375.1<\/td>\n<\/tr>\n
Floater<\/td>\n6.55 %<\/td>\n6.75 %<\/td>\n42,987<\/td>\n12.88<\/td>\n4<\/td>\n-0.5419 %<\/td>\n1,945.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0787 %<\/td>\n3,388.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.65 %<\/td>\n4.64 %<\/td>\n57,242<\/td>\n3.97<\/td>\n7<\/td>\n-0.0787 %<\/td>\n4,046.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0787 %<\/td>\n3,157.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.47 %<\/td>\n-16.47 %<\/td>\n59,034<\/td>\n0.09<\/td>\n8<\/td>\n0.0683 %<\/td>\n3,009.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.42 %<\/td>\n5.49 %<\/td>\n68,169<\/td>\n14.55<\/td>\n25<\/td>\n0.1246 %<\/td>\n3,185.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.72 %<\/td>\n5.48 %<\/td>\n164,532<\/td>\n14.61<\/td>\n66<\/td>\n-0.3118 %<\/td>\n2,049.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.22 %<\/td>\n5.78 %<\/td>\n62,195<\/td>\n7.87<\/td>\n27<\/td>\n-0.0016 %<\/td>\n3,157.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.53 %<\/td>\n7.02 %<\/td>\n82,774<\/td>\n12.53<\/td>\n2<\/td>\n0.1980 %<\/td>\n2,312.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.15 %<\/td>\n4.10 %<\/td>\n164,375<\/td>\n1.71<\/td>\n20<\/td>\n0.0373 %<\/td>\n2,594.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.97 %<\/td>\n4.05 %<\/td>\n85,907<\/td>\n2.24<\/td>\n3<\/td>\n0.1804 %<\/td>\n2,679.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.57 %<\/td>\n8.02 %<\/td>\n98,868<\/td>\n7.88<\/td>\n21<\/td>\n-0.2598 %<\/td>\n2,074.9<\/td>\n<\/tr>\n<\/table>\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
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 10.24
\nEvaluated at bid price : 10.24
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 16.15
\nEvaluated at bid price : 16.15
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 15.60
\nEvaluated at bid price : 15.60
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 18.58
\nEvaluated at bid price : 18.58
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 15.42
\nEvaluated at bid price : 15.42
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 12.72
\nEvaluated at bid price : 12.72
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 12.43
\nEvaluated at bid price : 12.43
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 14.26
\nEvaluated at bid price : 14.26
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.94
\nEvaluated at bid price : 17.94
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.25
\nBid-YTW : 7.95 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.52
\nBid-YTW : 9.68 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.11
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 12.50
\nBid-YTW : 11.49 %<\/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
TD.PF.M<\/td>\nFixedReset Disc<\/td>\n74,985<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 23.09
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n58,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n53,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n52,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.51
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n47,750<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n40,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 18.38
\nEvaluated at bid price : 18.38
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
There were 34 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
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.23 – 24.70
\nSpot Rate : 0.4700
\nAverage : 0.3097<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.23
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.74 – 17.19
\nSpot Rate : 0.4500
\nAverage : 0.3134<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.74
\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n

TD.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 16.77 – 17.07
\nSpot Rate : 0.3000
\nAverage : 0.2010<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 16.77
\nEvaluated at bid price : 16.77
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

NA.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 19.73 – 19.98
\nSpot Rate : 0.2500
\nAverage : 0.1576<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 19.73
\nEvaluated at bid price : 19.73
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n

PVS.PR.E<\/td>\nSplitShare<\/td>\nQuote: 25.51 – 25.78
\nSpot Rate : 0.2700
\nAverage : 0.1816<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n

NA.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 21.14 – 21.35
\nSpot Rate : 0.2100
\nAverage : 0.1302<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 21.14
\nEvaluated at bid price : 21.14
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<\/table>\n

Here’s a sign of the times<\/a>:<\/p>\n

The latest property owner to attempt an initial public offering is aiming to pay an annual yield around 2 per cent, an uncommonly low rate that illustrates the heavy demand for Canadian apartment buildings.<\/p>\n

Late last week, Toronto-based Continuum Residential Real Estate Investment Trust filed the paperwork for its IPO. According to two people familiar with the offering, the issuer is looking to raise $300-million and would pay investors 2 per cent annually if its units are priced at the mid-point of their marketing range.
…<\/b>
Amid such heavy demand, Minto Apartment REIT was able to go public in 2018 at a 2.8-per-cent yield and, 16 months later, Continuum is targeting an even lower level.
…<\/b>
Continuum\u2019s bet reflects the conditions of the current market. Canadian Apartment Properties REIT, the country\u2019s largest publicly traded rental-unit owner, now trades at a 2.4-per-cent yield, and Minto\u2019s units have performed so well since the REIT\u2019s IPO that they now yield 1.9 per cent.<\/p>\n<\/blockquote>\n

Sorry this is so late! A number of non-market things came up unexpectedly last night!<\/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-0.5419 %<\/td>\n1,839.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5419 %<\/td>\n3,375.1<\/td>\n<\/tr>\n
Floater<\/td>\n6.55 %<\/td>\n6.75 %<\/td>\n42,987<\/td>\n12.88<\/td>\n4<\/td>\n-0.5419 %<\/td>\n1,945.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0787 %<\/td>\n3,388.5<\/td>\n<\/tr>\n
SplitShare<\/td>\n4.65 %<\/td>\n4.64 %<\/td>\n57,242<\/td>\n3.97<\/td>\n7<\/td>\n-0.0787 %<\/td>\n4,046.6<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.0787 %<\/td>\n3,157.3<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.47 %<\/td>\n-16.47 %<\/td>\n59,034<\/td>\n0.09<\/td>\n8<\/td>\n0.0683 %<\/td>\n3,009.8<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.42 %<\/td>\n5.49 %<\/td>\n68,169<\/td>\n14.55<\/td>\n25<\/td>\n0.1246 %<\/td>\n3,185.4<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.72 %<\/td>\n5.48 %<\/td>\n164,532<\/td>\n14.61<\/td>\n66<\/td>\n-0.3118 %<\/td>\n2,049.2<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.22 %<\/td>\n5.78 %<\/td>\n62,195<\/td>\n7.87<\/td>\n27<\/td>\n-0.0016 %<\/td>\n3,157.5<\/td>\n<\/tr>\n
FloatingReset<\/td>\n6.53 %<\/td>\n7.02 %<\/td>\n82,774<\/td>\n12.53<\/td>\n2<\/td>\n0.1980 %<\/td>\n2,312.7<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n5.15 %<\/td>\n4.10 %<\/td>\n164,375<\/td>\n1.71<\/td>\n20<\/td>\n0.0373 %<\/td>\n2,594.1<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n1.97 %<\/td>\n4.05 %<\/td>\n85,907<\/td>\n2.24<\/td>\n3<\/td>\n0.1804 %<\/td>\n2,679.2<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.57 %<\/td>\n8.02 %<\/td>\n98,868<\/td>\n7.88<\/td>\n21<\/td>\n-0.2598 %<\/td>\n2,074.9<\/td>\n<\/tr>\n<\/table>\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
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-2.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 10.24
\nEvaluated at bid price : 10.24
\nBid-YTW : 6.27 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n-2.23 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
EMA.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 16.15
\nEvaluated at bid price : 16.15
\nBid-YTW : 6.17 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset Disc<\/td>\n-1.70 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 15.60
\nEvaluated at bid price : 15.60
\nBid-YTW : 7.15 %<\/td>\n<\/tr>\n
BAM.PF.A<\/td>\nFixedReset Disc<\/td>\n-1.69 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 18.58
\nEvaluated at bid price : 18.58
\nBid-YTW : 5.96 %<\/td>\n<\/tr>\n
BAM.PF.E<\/td>\nFixedReset Disc<\/td>\n-1.60 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 15.42
\nEvaluated at bid price : 15.42
\nBid-YTW : 6.30 %<\/td>\n<\/tr>\n
TRP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 12.72
\nEvaluated at bid price : 12.72
\nBid-YTW : 6.35 %<\/td>\n<\/tr>\n
BAM.PR.X<\/td>\nFixedReset Disc<\/td>\n-1.35 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 12.43
\nEvaluated at bid price : 12.43
\nBid-YTW : 6.13 %<\/td>\n<\/tr>\n
BAM.PR.R<\/td>\nFixedReset Disc<\/td>\n-1.25 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 14.26
\nEvaluated at bid price : 14.26
\nBid-YTW : 6.23 %<\/td>\n<\/tr>\n
BIP.PR.A<\/td>\nFixedReset Disc<\/td>\n-1.21 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.94
\nEvaluated at bid price : 17.94
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
IAF.PR.G<\/td>\nFixedReset Ins Non<\/td>\n-1.19 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 18.25
\nBid-YTW : 7.95 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.10 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 13.52
\nBid-YTW : 9.68 %<\/td>\n<\/tr>\n
IAF.PR.B<\/td>\nDeemed-Retractible<\/td>\n-1.03 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.11
\nBid-YTW : 6.18 %<\/td>\n<\/tr>\n
SLF.PR.J<\/td>\nFloatingReset<\/td>\n1.05 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 12.50
\nBid-YTW : 11.49 %<\/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
TD.PF.M<\/td>\nFixedReset Disc<\/td>\n74,985<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 23.09
\nEvaluated at bid price : 24.75
\nBid-YTW : 5.01 %<\/td>\n<\/tr>\n
EMA.PR.C<\/td>\nFixedReset Disc<\/td>\n58,300<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 5.99 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n53,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 21.20
\nEvaluated at bid price : 21.20
\nBid-YTW : 5.83 %<\/td>\n<\/tr>\n
PWF.PR.L<\/td>\nPerpetual-Discount<\/td>\n52,700<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 23.21
\nEvaluated at bid price : 23.51
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n
CM.PR.S<\/td>\nFixedReset Disc<\/td>\n47,750<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 5.52 %<\/td>\n<\/tr>\n
BMO.PR.Y<\/td>\nFixedReset Disc<\/td>\n40,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 18.38
\nEvaluated at bid price : 18.38
\nBid-YTW : 5.49 %<\/td>\n<\/tr>\n
There were 34 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
MFC.PR.R<\/td>\nFixedReset Ins Non<\/td>\nQuote: 24.23 – 24.70
\nSpot Rate : 0.4700
\nAverage : 0.3097<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 24.23
\nBid-YTW : 5.50 %<\/td>\n<\/tr>\n

IFC.PR.C<\/td>\nFixedReset Ins Non<\/td>\nQuote: 16.74 – 17.19
\nSpot Rate : 0.4500
\nAverage : 0.3134<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2030-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 16.74
\nBid-YTW : 8.78 %<\/td>\n<\/tr>\n

TD.PF.A<\/td>\nFixedReset Disc<\/td>\nQuote: 16.77 – 17.07
\nSpot Rate : 0.3000
\nAverage : 0.2010<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 16.77
\nEvaluated at bid price : 16.77
\nBid-YTW : 5.35 %<\/td>\n<\/tr>\n

NA.PR.G<\/td>\nFixedReset Disc<\/td>\nQuote: 19.73 – 19.98
\nSpot Rate : 0.2500
\nAverage : 0.1576<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 19.73
\nEvaluated at bid price : 19.73
\nBid-YTW : 5.39 %<\/td>\n<\/tr>\n

PVS.PR.E<\/td>\nSplitShare<\/td>\nQuote: 25.51 – 25.78
\nSpot Rate : 0.2700
\nAverage : 0.1816<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2022-10-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.51
\nBid-YTW : 4.97 %<\/td>\n<\/tr>\n

NA.PR.C<\/td>\nFixedReset Disc<\/td>\nQuote: 21.14 – 21.35
\nSpot Rate : 0.2100
\nAverage : 0.1302<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2049-10-08
\nMaturity Price : 21.14
\nEvaluated at bid price : 21.14
\nBid-YTW : 5.51 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Here’s a sign of the times: The latest property owner to attempt an initial public offering is aiming to pay an annual yield around 2 per cent, an uncommonly low rate that illustrates the heavy …<\/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-50891","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50891","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=50891"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50891\/revisions"}],"predecessor-version":[{"id":50892,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/50891\/revisions\/50892"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}