CAI - CAI International: This 8.50% Fixed-To-Floating Preferred Stock Has Begun 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 1.7M shares issued,