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."

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Latest Articles

June 14, 2019

… and now it’s PrefLetter weekend! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverag...

June 13, 2019

Click for Big TXPR closed at 595.73, down 0.86% on the day. Volume was 1.90-million, above average in the context of the past thirty days. CPD closed at 12.00, unchanged on the day. Volume of 47,781 was on the low side in the context of the past ...

June 12, 2019

PerpetualDiscounts now yield 5.61%, equivalent to 7.29% interest at the standard equivalency factor of 1.3x. Long corporates now yield 3.49%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) is now an unbelieva...

AIM : DBRS Discontinues Ratings

DBRS has announced: DBRS Limited (DBRS) discontinued the Issuer Rating, Senior Secured Debt rating and Preferred Shares rating of Aimia Inc. (the Company). The Senior Secured Debt rating is being discontinued because all outstanding debt has been re...

VNR.PR.A Acquisition Approved by Holders

Valener Inc. has announced (on June 11): that at its special meeting of shareholders held today, June 11, 2019 (the “Meeting“), shareholders approved the acquisition of Valener by Noverco Inc. (“Noverco“) (the “Announced Transaction“) pu...