CAI - CAI International: This 8.5% Fixed-To-Floating Preferred Stock Started Trading On The NYSE

Introduction

In this article, we want to shed light on a new preferred stock issued by CAI International (CAI).

Our main goal is purely to inform you about the product while refraining ourselves from an investment recommendation. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at.

The New Issue

Before we submerge into our brief analysis, here's a link to the 424B5 Filing by CAI International - the prospectus.
_{Source: SEC.gov}

For a total of 1.6M shares issued, the