HIMI Index Changes, March, 2009 | |||
Issue | From | To | Because |
PWF.PR.A | Floater | Scraps | Volume |
DFN.PR.A | SplitShare | Scraps | Credit |
LFE.PR.A | SplitShare | Scraps | Credit |
SBN.PR.A | SplitShare | Scraps | Credit |
To my chagrin, there are now only three issues left in the SplitShare index, all from BAM Split Corp.: BNA.PR.A, BNA.PR.B and BNA.PR.C.
There were the following intra-month changes:
HIMI Index Changes during March 2009 | |||
Issue | Action | Index | Because |
FAL.PR.B | Delete | Scraps | Redeemed |
MFC.PR.D | Add | FixedReset | New Issue |
TD.PR.I | Add | FixedReset | New Issue |
CM.PR.M | Add | FixedReset | New Issue |
MFC.PR.D | Add | FixedReset | New Issue |
RY.PR.T | Add | FixedReset | New Issue |
BNS.PR.S | Delete | FixedReset | Coverage Discontinued |
MFC.PR.D | Add | FixedReset | New Issue |
BMO.PR.O | Add | FixedReset | New Issue |
CIU.PR.B | Add | FixedReset | New Issue |
HSB.PR.E | Add | FixedReset | New Issue |
HSB.PR.E is one of those issues which are sent to try us. It was announced on March 23 with an anticipated closing date of March 31. I have seen nothing to indicate that it didn’t close, but while HSBC Canada may well have received their cheque for $175-250-million, not a single share changed hands on the exchange. With any luck, we’ll see a trade or two tomorrow.
I recall BIG.PR.B was excluded for being too small but maybe it’s worth considering. It seems to have a little volume.
It’s a good thought, but the issue is only 1.2-million shares at a par value of $10; the TSX reports only 1,200 shares trading daily.
I’d love to, but feel that this would compromise the value of the HIMIPref™ indices, by reporting opportunities that can’t be exploited.
[…] Index Revisions during February 2009, see the post HIMIPref™ Index Rebalancing: March 2009. Publication of index details is embargoed for six months following index […]
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