{"id":8139,"date":"2009-10-03T14:37:44","date_gmt":"2009-10-03T18:37:44","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=8139"},"modified":"2009-10-03T14:37:44","modified_gmt":"2009-10-03T18:37:44","slug":"best-worst-performers-september-2009","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=8139","title":{"rendered":"Best &amp; Worst Performers: September 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>September 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;September 30&#8221;)<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.C<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(high)<\/td>\n<td>-5.67%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.02% based on a bid of 18.63 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.D<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>-5.33%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.01% 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>ELF.PR.G<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-2(low)<\/td>\n<td>-4.58%<\/td>\n<td>Now with a pre-tax bid-YTW of 6.51% based on a bid of 18.31 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>GWO.PR.I<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>-4.39%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.92% based on a bid of 19.16 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/td>\n<\/tr>\n<tr>\n<td>SLF.PR.B<\/td>\n<td>PerpetualDiscount<\/td>\n<td>Pfd-1(low)<\/td>\n<td>-4.33%<\/td>\n<td>Now with a pre-tax bid-YTW of 5.94% based on a bid of 20.35 and a <a href=\"http:\/\/www.prefshares.com\/glossary.html#limitMaturity\">limitMaturity<\/a>.<\/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>BAM.PR.P<\/td>\n<td>FixedReset<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+2.75%<\/td>\n<td>This was the third-worst performer in <a href=\"http:\/\/www.prefblog.com\/?p=7741\">August<\/a>, so it&#8217;s really just bouncing back. Now with a pre-tax bid-YTW of 5.62% based on a bid of 26.56 and a call 2014-10-30 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>+4.11%<\/td>\n<td>Now with a pre-tax bid-YTW of 4.20% based on a bid of 25.71 and <a href=\"http:\/\/www.prefshares.com\/glossary.html#optionCertainty\">optionCertainty<\/a> 2013-6-30 at 25.00.<\/td>\n<\/tr>\n<tr>\n<td>PWF.PR.A<\/td>\n<td>Floater<\/td>\n<td>Pfd-1(low)<\/td>\n<td>+4.89%<\/td>\n<td>This has been moved to the &#8220;Scraps&#8221; index in the <a href=\"http:\/\/www.prefblog.com\/?p=8104\">September rebalancing<\/a> on volume concerns.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.K<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+6.32%<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=7741\">August<\/a>&#8216;s second-best performer, so it&#8217;s running quite a streak. Mind you, it was a bottom performer for many successive months during the crisis.<\/td>\n<\/tr>\n<tr>\n<td>BAM.PR.B<\/td>\n<td>Floater<\/td>\n<td>Pfd-2(low)<\/td>\n<td>+6.71%<\/td>\n<td><a href=\"http:\/\/www.prefblog.com\/?p=7741\">August<\/a>&#8216;s third-best performer. Virtually identical to BAM.PR.K, above.<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Not a good month for insurers, particularly Sun Life, but it makes a change from <a href=\"http:\/\/www.prefblog.com\/?p=3475\">a year ago<\/a> to see BAM dominating the best performers&#8217; list!<\/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. September 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-8139","post","type-post","status-publish","format-standard","hentry","category-issue-comments"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8139","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=8139"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/8139\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}