New CHS Preferred Now Trading NASDAQ
By: Tim McPartland,
The latest preferred issue (7.50% coupon) from CHS has begun trading on the NASDAQ. The ticker is CHSCL. We note that eTrade has their system updated to accept this ticker, but Fidelity did not have it set up so one will have to call if they want to order any shares.
Shares are now trading at $25.85. As happens when shares moves to the big marketplaces they tend to rise (but it doesn’t always happen) after the OTC grey market trading. We purchased shares at ‘wholesale’ for $25.15 on the OTC market.
To learn and understand grey market trading we have the details here.
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Tim McPartland
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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.
