January 18, 2011

Brookfield is doubling-up on General Growth.

It was another good day on good volume for the Canadian preferred share market, with PerpetualDiscounts up 13bp and FixedResets gaining 4bp.

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 0.4278 % 2,339.4
FixedFloater 4.77 % 3.45 % 25,848 19.21 1 0.0000 % 3,570.3
Floater 2.56 % 2.33 % 40,727 21.37 4 0.4278 % 2,526.0
OpRet 4.81 % 3.38 % 65,007 2.29 8 -0.0482 % 2,389.9
SplitShare 5.29 % 1.24 % 506,655 0.89 4 0.2903 % 2,470.1
Interest-Bearing 0.00 % 0.00 % 0 0.00 0 -0.0482 % 2,185.4
Perpetual-Premium 5.64 % 5.31 % 140,837 5.32 20 0.0118 % 2,030.7
Perpetual-Discount 5.30 % 5.29 % 260,890 14.97 57 0.1317 % 2,087.1
FixedReset 5.22 % 3.37 % 281,764 3.05 52 0.0431 % 2,278.9
Performance Highlights
Issue Index Change Notes
CM.PR.D Perpetual-Premium 1.14 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2011-02-17
Maturity Price : 25.50
Evaluated at bid price : 25.62
Bid-YTW : -2.69 %
NA.PR.N FixedReset 1.33 % YTW SCENARIO
Maturity Type : Call
Maturity Date : 2013-09-14
Maturity Price : 25.00
Evaluated at bid price : 26.65
Bid-YTW : 2.58 %
BNA.PR.C SplitShare 1.38 % YTW SCENARIO
Maturity Type : Hard Maturity
Maturity Date : 2019-01-10
Maturity Price : 25.00
Evaluated at bid price : 22.76
Bid-YTW : 5.89 %
Volume Highlights
Issue Index Shares
Traded
Notes
TRP.PR.A FixedReset 107,675 Nesbitt crossed 100,000 at 26.00.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2015-01-30
Maturity Price : 25.00
Evaluated at bid price : 25.98
Bid-YTW : 3.62 %
TD.PR.Q Perpetual-Premium 105,300 Scotia crossed 28,000 at 25.75. Desjardins crossed blocks of 31,000 at 25.75 and 45,000 at 25.71.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-03-02
Maturity Price : 25.00
Evaluated at bid price : 25.66
Bid-YTW : 5.09 %
BAM.PR.T FixedReset 102,405 Nebitt crossed 10,000 at 24.98. RBC bought 16,300 from Scotia at 24.99. RBC crossed 21,900 at 25.00, and sold blocks of 11,800 and 12,800 to TD at the same price.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2017-04-30
Maturity Price : 25.00
Evaluated at bid price : 24.90
Bid-YTW : 4.65 %
BNS.PR.T FixedReset 99,900 TD bought two blocks of 10,000 shares each from Nesbitt at 27.28. Nesbitt crossed 25,000 at 27.28; TD crossed 35,000 at the same price.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2014-05-25
Maturity Price : 25.00
Evaluated at bid price : 27.24
Bid-YTW : 3.40 %
BMO.PR.M FixedReset 75,260 TD crossed 58,300 at 26.56.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2013-09-24
Maturity Price : 25.00
Evaluated at bid price : 26.65
Bid-YTW : 2.67 %
IAG.PR.F Perpetual-Premium 74,916 Desjardins crossed 68,500 at 25.90.
YTW SCENARIO
Maturity Type : Call
Maturity Date : 2019-04-30
Maturity Price : 25.00
Evaluated at bid price : 25.51
Bid-YTW : 5.68 %
There were 44 other index-included issues trading in excess of 10,000 shares.

One Response to “January 18, 2011”

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