Teekay Offshore Partners LP Sells a New Private Placement Preferred
By: Tim McPartland,
Offshore energy services provider Teekay Offshore Partners (NYSE:TOO) has announced a new preferred stock offering with a 10.50% coupon. Unfortunately for preferred stock investors these shares have been placed in a private placement and we do not expect them to trade on any stock exchange (at least at this time).
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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.
