{"id":6707,"date":"2009-05-29T21:40:27","date_gmt":"2009-05-30T01:40:27","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=6707"},"modified":"2009-05-29T21:40:27","modified_gmt":"2009-05-30T01:40:27","slug":"best-worst-performers-may-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=6707","title":{"rendered":"Best &amp; Worst Performers: May 2009"},"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>May 2009<\/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;May 29&#8221;)<\/td>\n<\/tr>\n<tr>\n<td>IAG.PR.A<\/td>\n<td>Perpetual-Discount<\/td>\n<td>Pfd-2(high)<\/td>\n<td>-3.60%<\/td>\n<td>Was the second-best performer in <a href=\"http:\/\/www.prefblog.com\/?p=6383\">April<\/a>. This issue is notoriously volatile. Now with a pre-tax bid-YTW of 7.19% based on a bid of 16.02 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.I<\/td>\n<td>OpRet<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-0.99%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.84% based on a bid of 23.96 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#softMaturity\">softMaturity<\/a> 2013-12-30 at 25.00.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.O<\/td>\n<td>OpRet<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-0.64%<\/td>\n<td>Now with a pre-tax bid-YTW of 7.29% based on a bid of 23.25 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#softMaturity\">softMaturity<\/a> 2013-6-30 at 25.00.<\/td>\n<\/tr>\n<tr>\n<td>BMO.PR.O<\/td>\n<td>FixedReset<\/td>\n<td>Pfd-1<\/td>\n<td>-0.56%<\/td>\n<td>Now with a pre-tax bid-YTW of -0.56% based on a bid of 26.76 and a call 2014-6-24 at 25.00.<\/td>\n<\/tr>\n<tr>\n<td>RY.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>Pfd-1<\/td>\n<td>+1.06%<\/td>\n<td>Now with a pre-tax bid-YTW of 4.97% based on a bid of 26.43 and a call 2014-3-26 at 25.00.<\/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>HSB.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1<\/td>\n<td>+11.17%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.44% based on a bid of 19.80 and a limitMaturity.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+12.65%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.25% based on a bid of 20.83 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>TRI.PR.B<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+31.15%<\/td>\n<td>Now with a pre-tax bid-YTW of 2.32% based on a bid of 17.05 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+34.25%<\/td>\n<td>Now with a pre-tax bid-YTW of 3.40% based on a bid of 11.68 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+35.13%<\/td>\n<td>Now with a pre-tax bid-YTW of 3.38% based on a bid of 11.77 and a limitMaturity.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>What can I say? The Floaters Index currently has three members. The top three spots in May were occupied by Floaters. That&#8217;s a change! I put a chart of the Floater index over the past year in my Market Action post of <a href=\"http:\/\/www.prefblog.com\/?p=6645\">May 26<\/a>.<\/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. May 2009 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-6707","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6707","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=6707"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/6707\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}