Best and Worst Performers: February 2008

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™ indices.

Issue Index DBRS Rating Monthly Performance Notes (“Now” means “February 29”)
PWF.PR.J OpRet Pfd-1(low) -1.66% Now with a pre-tax bid-YTW of 3.87% based on a bid of 26.01 and a call 2010-5-30 at 25.50.
FBS.PR.B SplitShare Pfd-2 -1.31% Asset coverage of 1.6+:1 as of February 28 according to TD Securities. Now with a pre-tax bid-YTW of 5.47% based on a bid of 9.75 and a hardMaturity 2011-12-15 at 10.00.
FTU.PR.A SplitShare Pfd-2 -1.30% Easy come, easy go! Performed well in January. Asset coverage of just under 1.6:1 as of February 15 according to the company. Now with a pre-tax bid-YTW of 6.42% based on a bid of 9.54 and a hardMaturity 2012-12-1 at 10.00.
WFS.PR.A SplitShare Pfd-2 -1.07% Asset coverage of just under 1.8:1 as of February 21 according to Mulvihill. Now with a pre-tax bid-YTW of 5.07% based on a bid of 10.15 and a hardMaturity 2011-6-30 at 10.00.
TOC.PR.B Floater Pfd-2(low) -0.87%  
SLF.PR.C PerpetualDiscount Pfd-1(low) +6.10% All the SLF issues did really well in February, but this one was the best. Now with a pre-tax bid-YTW of 5.08% based on a bid of 21.90 and a limitMaturity.
ELF.PR.F PerpetualDiscount Pfd-2(low) +5.97% Now with a pre-tax bid-YTW of 5.97% based on a bid of 22.53 and a limitMaturity.
HSB.PR.C PerpetualDiscount Pfd-1 +7.55% Bouncing back from horrible performance in January. Now with a pre-tax bid-YTW of 5.31% based on a bid of 24.36 and a limitMaturity.
BAM.PR.G FixFloat Pfd-2(low) +8.5%  
BNA.PR.C SplitShare Pfd-2(low) +10.44% Nice to see this issue finally catch a break! Asset coverage of 3.3+:1 as of January 31, according to the company. Now with a pre-tax bid-YTW of 6.62% based on a bid of 20.70 and a hardMaturity 2019-1-10 at 25.00. Compare with BNA.PR.A (4.25% to a call 2008-3-30 at 25.50) and BNA.PR.B (7.20% to hardMaturity 2016-3-25).

3 Responses to “Best and Worst Performers: February 2008”

  1. kaspu says:

    new TD 5.6 coming out…

  2. […] rebound from excellent performance in February. Now with a pre-tax bid-YTW of 5.74% based on a bid of 19.53 and a […]

  3. […] rebound from excellent performance in February. Now with a pre-tax bid-YTW of 5.74% based on a bid of 19.53 and a […]

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