Best & Worst Performers: September 2009

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!

One Response to “Best & Worst Performers: September 2009”

  1. […] were no repeaters from the September list, which is rather unusual – there’s usually some rebounding, but not this […]

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