Featured Articles
Public Storage 5.125% Cumulative Preferred Stock Series C
Tim McPartland | May 14, 2016
Date Issued 05/10/2016 Shares Issued 8,000,000 Overallotment Shares None S&P Rating BBB+ Moodys Rating A3 Security Ticker Symbol PSA-C OTC Temp Ticker PBBSP Market Traded ON NYSE Dividend Payment Paid on the last day of March, June, September and December beginning on 06/30/2016 Quarterly Dividend .32 Annual Dividend 1.28 Securities may be redeemed, at the issuers option, as early as 5/17/2021 the call price…
Self-Storage Giant Public Storage Sells an Investment Grade Preferred
Tim McPartland | May 14, 2016
Self-storage giant Public Storage (ticker:PSA) has sold a new preferred stock issue with a coupon of 5.125%. Needless to say this is a very high quality issue with a coupon that is the lowest of all 12 preferred stock issues the REIT has outstanding. The terms are the normal preferred stock terms--optionally redeemable in about 5 years and cumulative in…
Customers Bancorp 6.45% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series E
Tim McPartland | May 12, 2016
Date Issued 4/20/2016 Shares Issued 2,000,000 Overallotment Shares 300,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol CUBI-E OTC Temp Ticker CUBBP Market Traded ON NYSE Dividend Payment Paid on the 15th of March, June, September and December beginning on 6/15/2016 Quarterly Dividend .403 Annual Dividend 1.6125 Dividend coupon will be fixed at 6.45% until 6/14/2021 and then will float at a rate of 3…
Newtek Business Services Corp 7% Notes Due 2021
Tim McPartland | May 12, 2016
Date Issued 4/17/2016 Shares Issued 1,400,000 Overallotment Shares 210,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol NEWTL Market Traded ON NASDAQ Interest Payment Paid on the Last Day of March, June, September and December beginning on 6/30/2016 Quarterly Interest .4375 Annual Interest 1.75 Securities may be redeemed, at the issuers option, as early…
Medallion Financial Corp. 9% Notes Due 2021
Tim McPartland | May 12, 2016
Date Issued 4/10/2016 Shares Issued 1,200,000 Overallotment Shares 180,000 S&P Rating NR Moodys Rating NR Security Ticker Symbol TAXIL Market Traded ON NASDAQ Interest Payment Paid on the 15th of January, April, July and October beginning on 7/15/2016 Quarterly Interest .5625 Annual Interest 2.25 Securities may be redeemed, at the issuers option, as early as 04/15/2020 for a redemption price of $25/share plus accrued interest…
