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5/10/2013Market Performance

S&P Indices
Municipal Bonds
S&P National Bond Index 3.00% 0.02
S&P California Bond Index 2.96% 0.02
S&P New York Bond Index 3.13% 0.02
S&P National 0-5 Year Municipal Bond Index 0.70% 0.01
S&P/BGCantor US Treasury Bond 400.09 -0.87
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Income Equities:
Preferred Stocks
S&P U.S. Preferred Stock Index 848.03 -1.02
S&P U.S. Preferred Stock Index (CAD) 636.26 5.15
S&P U.S. Preferred Stock Index (TR) 1,701.05 -1.30
S&P U.S. Preferred Stock Index (TR) (CAD) 1,276.26 10.89
REITs
S&P REIT Index 174.07 -0.65
S&P REIT Index (TR) 425.30 -1.56
MLPs
S&P MLP Index 2,469.58 14.93
S&P MLP Index (TR) 5,428.50 32.82
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Income Security Dividends

Security Amount Ex-Div Date
AESYY $0.28 IAD increased from 0.0303 to 0.2771   May 16
AQN PRA $0.28   Jun 12
BAM PFA $0.28   Jun 12
BAM PFB $0.26   Jun 12
BAM PFC $0.30 IAD decreased from 0.4119 to 0.3031   Jun 12
BAM PRG $0.24   Jul 11
BAM PRJ $0.34   Jun 12
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Fitch Cuts Portugal, No Fiscal Plan

Dow Jones, March 24, 2011

Fitch Ratings' downgrade on Portugal is bad news for the country and the fault of the opposition parties that rejected the government's latest austerity plan, a senior government official said Thursday.

Fitch Ratings Thursday downgraded its rating on Portugal to A- from A+, citing increased risks after the parliament's failure to pass austerity measures and the resignation of the country's prime minister.

The agency said Portugal's failure Wednesday to pass required fiscal measures, coupled with ensuing policy uncertainty, "has weakened the credibility of Portugal's fiscal and structural reform program."

After the vote in parliament Wednesday, Prime Minister Jose Socrates submitted his resignation and strongly criticized the opposition, especially the Social Democratic Party, or PSD, for creating a political crisis in the middle of a financial crisis.

"It's obviously bad news for Portugal, it's bad news for the republic, for companies, for families and for the financial system," Fernando Medina, Deputy Minister of the Economy for Industry and Development, told reporters in parliament.

 
 
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