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.
| May 2009 | ||||
| Issue | Index | DBRS Rating | Monthly Performance | Notes (“Now” means “May 29”) |
| IAG.PR.A | Perpetual-Discount | Pfd-2(high) | -3.60% | Was the second-best performer in April. This issue is notoriously volatile. Now with a pre-tax bid-YTW of 7.19% based on a bid of 16.02 and a limitMaturity. |
| BAM.PR.I | OpRet | Pfd-2(low) | -0.99% | Now with a pre-tax bid-YTW of 6.84% based on a bid of 23.96 and a softMaturity 2013-12-30 at 25.00. |
| BAM.PR.O | OpRet | Pfd-2(low) | -0.64% | Now with a pre-tax bid-YTW of 7.29% based on a bid of 23.25 and a softMaturity 2013-6-30 at 25.00. |
| BMO.PR.O | FixedReset | Pfd-1 | -0.56% | Now with a pre-tax bid-YTW of -0.56% based on a bid of 26.76 and a call 2014-6-24 at 25.00. |
| RY.PR.P | FixedReset | Pfd-1 | +1.06% | Now with a pre-tax bid-YTW of 4.97% based on a bid of 26.43 and a call 2014-3-26 at 25.00. |
| … | … | … | … | … |
| HSB.PR.D | PerpetualDiscount | Pfd-1 | +11.17% | Now with a pre-tax bid-YTW of 6.44% based on a bid of 19.80 and a limitMaturity. |
| GWO.PR.G | PerpetualDiscount | Pfd-1(low) | +12.65% | Now with a pre-tax bid-YTW of 6.25% based on a bid of 20.83 and a limitMaturity. |
| TRI.PR.B | Floater | Pfd-2(low) | +31.15% | Now with a pre-tax bid-YTW of 2.32% based on a bid of 17.05 and a limitMaturity. |
| BAM.PR.K | Floater | Pfd-2(low) | +34.25% | Now with a pre-tax bid-YTW of 3.40% based on a bid of 11.68 and a limitMaturity. |
| BAM.PR.B | Floater | Pfd-2(low) | +35.13% | Now with a pre-tax bid-YTW of 3.38% based on a bid of 11.77 and a limitMaturity. |
What can I say? The Floaters Index currently has three members. The top three spots in May were occupied by Floaters. That’s a change! I put a chart of the Floater index over the past year in my Market Action post of May 26.
[…] the third-best performer in May, with a return of +31.15% last […]