Best & Worst Performers: September 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.

September, 2008
Issue Index DBRS Rating Monthly Performance Notes (“Now” means “September 30”)
BAM.PR.B Floater Pfd-2(low) -18.0252%  
BNA.PR.C SplitShare Pfd-2(low) -14.0403% Asset coverage of just under 2.8:1 as of September 30, according to the company. Now with a pre-tax bid-YTW of 11.53% based on a bid of 14.51 and a hardMaturity 2019-1-10 at 25.00. Compare with BNA.PR.A (9.94% to 2010-9-30) and BNA.PR.B (9.64% to 2016-3-25).
BAM.PR.K Floater Pfd-2(low) -13.6954%  
SBN.PR.A SplitShare Pfd-2(low) -11.6603% Asset coverage of 2.1+:1 as of September 30, according to Mulvihill. Now with a pre-tax bid-YTW of 7.91% based on a bid of 8.76 and a hardMaturity 2014-12-1 at 10.00.
GWO.PR.H PerpetualDiscount Pfd-1(low) -10.4712% Now with a pre-tax bid-YTW of 6.50% based on a bid of 18.81 and a limitMaturity.
PWF.PR.F PerpetualDiscount Pfd-1(low) +0.7759% Now with a pre-tax bid-YTW of 6.06% based on a bid of 22.08 and a limitMaturity.
PWF.PR.H PerpetualDiscount Pfd-1(low) +0.8439% Now with a pre-tax bid-YTW of 6.12% based on a bid of 23.90 and a limitMaturity.
BNS.PR.M PerpetualDiscount Pfd-1(low) +1.6993% Now with a pre-tax bid-YTW of 5.81% based on a bid of 19.75 and a limitMaturity.
BNS.PR.L PerpetualDiscount Pfd-1 +1.8013% Now with a pre-tax bid-YTW of 5.79% based on a bid of 19.78 and a limitMaturity.
BNS.PR.K PerpetualDiscount Pfd-1 +1.9774% Now with a pre-tax bid-YTW of 5.62% based on a bid of 21.66 and a limitMaturity.

2 Responses to “Best & Worst Performers: September 2008”

  1. […] also the worst performer in September – it has been hit not just by the general downdraft in BAM issues, but by expectations of […]

  2. […] also the worst performer in September and second worst in October – it has been hit not just by the general downdraft in BAM issues, but […]

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