GasLog LTD Sells a Tasty 8.75% Cumulative Preferred
By: Tim McPartland,
GasLog LTD (ticker:GLOG) has sold a new preferred offering that began trading on the OTC Grey market today.
GasLog is a LNG (Liquified Natual Gas) ship owner and has a decent free cash flow.
While we are not a long term buyer of this issue for those looking for a higher yielding issue this one is not too bad.
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Details of the issue are here.
Information for those looking to buy wholesale is here.
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
