Tuesday, September 5, 2017

New Preferred Stock IPOs - August 2017

There were two pieces of great news for preferred stock buyers during August - (1) prices realized the second largest drop of the year and (2) issuers treated us to the largest menu of new preferred stock issues that we have seen since June 2014. After June’s eight new offerings and seven new preferred stocks introduced during July, August brought 14 new issues with an average coupon of 6.45 percent for the consideration of preferred stock investors...

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