CLVT - New Preferred Stock IPOs June 2021
- As June 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4% to 9.375%.
- Here is a comparison against highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric:
- CDx3 preferreds ranked 10 out of 10 are meanwhile selling for an average premium to par of 7.96% and offer an average current yield of 5.12%.
- Past preferred stock IPOs below par: a look at ACR-D and some other of this month’s dips and crosses we alerted our CDx3 subscribers about.
For further details see:
New Preferred Stock IPOs, June 2021