PrefBlog is presented as a public service by Hymas Investment Management Inc., Manager / Trustee of Malachite Aggressive Preferred Fundand publisher of PrefLetter, a monthly newsletter directed towards long term buy-and-hold retail investors. James Hymas, president of Hymas Investment Management Inc, with years of experience designing quantitative investment technology and applying this technology to conservative portfolios, seeks to provide institutions and retail investors with the information and advice necessary to produce top quartile returns in the preferred share market without the assumption of excess risk.

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“I never recommend active management. Until today."

Awards & Publications

Canadian Money Saver- A list of articles written by James:

Latest Articles

MAPF Attribution Analysis: August, 2018

As promised, I have prepared an Attribution Analysis for MAPF for August. This will be prepared every month for all segregated accounts under management. The Attribution Analysis determines the portfolio’s expected return at the beginning of the p...

BMO.PR.E Firm on Excellent Volume

Bank of Montreal has announced: it has closed its domestic public offering of Non-Cumulative 5-Year Rate Reset Class B Preferred Shares Series 44 (Non-Viability Contingent Capital (NVCC)) (the “Preferred Shares Series 44”). The offering was unde...

September 17, 2018

HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues...

September PrefLetter Released!

The September, 2018, edition of PrefLetter has been released and is now available for purchase as the “Previous edition”. Those who subscribe for a full year receive the “Previous edition” as a bonus. PrefLetter may now be purchased by all C...

September 14, 2018

To my astonishment, the media have not picked up on the Hydro One downgrade I mentioned yesterday. Have we entered the Trump-zone, in which repercussions from old idiocies are overwhelmed by contemplation of new idiocies? HIMIPref™ Preferred In...