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 2009 | ||||
Issue | Index | DBRS Rating | Monthly Performance | Notes (“Now” means “September 30”) |
SLF.PR.C | PerpetualDiscount | Pfd-1(high) | -5.67% | Now with a pre-tax bid-YTW of 6.02% based on a bid of 18.63 and a limitMaturity. |
SLF.PR.D | PerpetualDiscount | Pfd-1(low) | -5.33% | Now with a pre-tax bid-YTW of 6.01% based on a bid of 18.65 and a limitMaturity.. |
ELF.PR.G | PerpetualDiscount | Pfd-2(low) | -4.58% | Now with a pre-tax bid-YTW of 6.51% based on a bid of 18.31 and a limitMaturity. |
GWO.PR.I | PerpetualDiscount | Pfd-1(low) | -4.39% | Now with a pre-tax bid-YTW of 5.92% based on a bid of 19.16 and a limitMaturity. |
SLF.PR.B | PerpetualDiscount | Pfd-1(low) | -4.33% | Now with a pre-tax bid-YTW of 5.94% based on a bid of 20.35 and a limitMaturity. |
… | … | … | … | … |
BAM.PR.P | FixedReset | Pfd-2(low) | +2.75% | This was the third-worst performer in August, so it’s really just bouncing back. Now with a pre-tax bid-YTW of 5.62% based on a bid of 26.56 and a call 2014-10-30 at 25.00. |
BAM.PR.O | OpRet | Pfd-2(low) | +4.11% | Now with a pre-tax bid-YTW of 4.20% based on a bid of 25.71 and optionCertainty 2013-6-30 at 25.00. |
PWF.PR.A | Floater | Pfd-1(low) | +4.89% | This has been moved to the “Scraps” index in the September rebalancing on volume concerns. |
BAM.PR.K | Floater | Pfd-2(low) | +6.32% | August‘s second-best performer, so it’s running quite a streak. Mind you, it was a bottom performer for many successive months during the crisis. |
BAM.PR.B | Floater | Pfd-2(low) | +6.71% | August‘s third-best performer. Virtually identical to BAM.PR.K, above. |
Not a good month for insurers, particularly Sun Life, but it makes a change from a year ago to see BAM dominating the best performers’ list!
[…] were no repeaters from the September list, which is rather unusual – there’s usually some rebounding, but not this […]