HIMIPref™ Index Rebalancing: July 2010

HIMI Index Changes, July 30, 2010
Issue From To Because
RY.PR.H PerpetualDiscount PerpetualPremium Price
CU.PR.A PerpetualDiscount PerpetualPremium Price
GWL.PR.O Scraps PerpetualPremium Volume
BAM.PR.E Ratchet Scraps Volume
CM.PR.R OpRet Scraps Volume

The strong performance of Straight Perpetuals over the past two months means that the PerpetualPremium index has been repopulated, albeit lightly and weakly. Unfortunately, however, low volumes on BAM.PR.E have resulted in its relegation to the Scraps index, leaving Ratchets as an empty set.

There were the following intra-month changes:

HIMI Index Changes during July 2010
Issue Action Index Because
FFH.PR.G Add Scraps New Issue
NPP.PR.A Add Scraps New Issue

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