It was an up-and-down month, but in the end TXPR ended up with a tiny gain on a total return basis: 1527.46 on April 28 vs. 1527.41 on March 31.
| HIMIPref™ Preferred Indices These values reflect the December 2008 revision of the HIMIPref™ Indices Values are provisional and are finalized monthly |
|||||||
| Index | Mean Current Yield (at bid) |
Median YTW |
Median Average Trading Value |
Median Mod Dur (YTW) |
Issues | Day’s Perf. | Index Value |
| Ratchet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2248 % | 2,148.9 |
| FixedFloater | 0.00 % | 0.00 % | 0 | 0.00 | 0 | -0.2248 % | 3,943.1 |
| Floater | 3.55 % | 3.67 % | 49,156 | 18.14 | 4 | -0.2248 % | 2,272.4 |
| OpRet | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1370 % | 3,028.8 |
| SplitShare | 4.93 % | 4.13 % | 53,666 | 0.60 | 6 | 0.1370 % | 3,617.0 |
| Interest-Bearing | 0.00 % | 0.00 % | 0 | 0.00 | 0 | 0.1370 % | 2,822.2 |
| Perpetual-Premium | 5.31 % | 0.15 % | 74,651 | 0.09 | 23 | -0.1785 % | 2,781.3 |
| Perpetual-Discount | 5.07 % | 5.09 % | 114,144 | 15.36 | 13 | -0.0936 % | 3,002.2 |
| FixedReset | 4.42 % | 3.97 % | 228,699 | 6.58 | 94 | -0.2650 % | 2,342.6 |
| Deemed-Retractible | 5.01 % | 4.69 % | 146,098 | 2.69 | 31 | -0.0302 % | 2,889.5 |
| FloatingReset | 2.52 % | 3.05 % | 53,378 | 4.50 | 9 | 0.0157 % | 2,535.5 |
| Performance Highlights | |||
| Issue | Index | Change | Notes |
| BMO.PR.W | FixedReset | -1.70 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 21.43 Evaluated at bid price : 21.43 Bid-YTW : 3.86 % |
| SLF.PR.G | FixedReset | -1.40 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 16.25 Bid-YTW : 8.71 % |
| BAM.PF.E | FixedReset | -1.31 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 21.47 Evaluated at bid price : 21.83 Bid-YTW : 4.25 % |
| SLF.PR.I | FixedReset | -1.28 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 23.13 Bid-YTW : 5.03 % |
| SLF.PR.H | FixedReset | -1.27 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 19.40 Bid-YTW : 6.80 % |
| BAM.PR.Z | FixedReset | -1.23 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 21.99 Evaluated at bid price : 22.57 Bid-YTW : 4.44 % |
| MFC.PR.L | FixedReset | -1.19 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 20.70 Bid-YTW : 6.33 % |
| TD.PF.F | Perpetual-Premium | -1.17 % | YTW SCENARIO Maturity Type : Call Maturity Date : 2024-10-31 Maturity Price : 25.00 Evaluated at bid price : 25.40 Bid-YTW : 4.67 % |
| BMO.PR.T | FixedReset | -1.10 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 21.32 Evaluated at bid price : 21.62 Bid-YTW : 3.83 % |
| BAM.PR.T | FixedReset | -1.03 % | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 19.25 Evaluated at bid price : 19.25 Bid-YTW : 4.42 % |
| SLF.PR.J | FloatingReset | 1.31 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 15.47 Bid-YTW : 8.90 % |
| CCS.PR.C | Deemed-Retractible | 2.06 % | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2025-01-31 Maturity Price : 25.00 Evaluated at bid price : 24.30 Bid-YTW : 5.54 % |
| Volume Highlights | |||
| Issue | Index | Shares Traded |
Notes |
| BMO.PR.K | Deemed-Retractible | 337,900 | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-05-28 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 1.51 % |
| BMO.PR.L | Deemed-Retractible | 226,999 | YTW SCENARIO Maturity Type : Call Maturity Date : 2017-06-24 Maturity Price : 25.00 Evaluated at bid price : 24.98 Bid-YTW : 3.59 % |
| MFC.PR.R | FixedReset | 161,885 | YTW SCENARIO Maturity Type : Call Maturity Date : 2022-03-19 Maturity Price : 25.00 Evaluated at bid price : 25.96 Bid-YTW : 4.12 % |
| BNS.PR.Z | FixedReset | 43,990 | YTW SCENARIO Maturity Type : Hard Maturity Maturity Date : 2022-01-31 Maturity Price : 25.00 Evaluated at bid price : 22.30 Bid-YTW : 4.69 % |
| TD.PF.H | FixedReset | 37,322 | YTW SCENARIO Maturity Type : Call Maturity Date : 2021-10-31 Maturity Price : 25.00 Evaluated at bid price : 26.30 Bid-YTW : 3.60 % |
| BMO.PR.W | FixedReset | 35,600 | YTW SCENARIO Maturity Type : Limit Maturity Maturity Date : 2047-04-28 Maturity Price : 21.43 Evaluated at bid price : 21.43 Bid-YTW : 3.86 % |
| There were 24 other index-included issues trading in excess of 10,000 shares. | |||
| Wide Spread Highlights | ||
| Issue | Index | Quote Data and Yield Notes |
| GWO.PR.G | Deemed-Retractible | Quote: 25.23 – 25.95 Spot Rate : 0.7200 Average : 0.4463 YTW SCENARIO |
| BAM.PR.X | FixedReset | Quote: 16.74 – 17.15 Spot Rate : 0.4100 Average : 0.2594 YTW SCENARIO |
| HSE.PR.A | FixedReset | Quote: 16.20 – 16.53 Spot Rate : 0.3300 Average : 0.2020 YTW SCENARIO |
| PWF.PR.T | FixedReset | Quote: 23.19 – 23.63 Spot Rate : 0.4400 Average : 0.3132 YTW SCENARIO |
| SLF.PR.D | Deemed-Retractible | Quote: 22.42 – 22.80 Spot Rate : 0.3800 Average : 0.2634 YTW SCENARIO |
| MFC.PR.N | FixedReset | Quote: 21.52 – 21.86 Spot Rate : 0.3400 Average : 0.2250 YTW SCENARIO |