IMBI - New Preferred Stock IPOs September 2021
- As September 2021 comes to a close, we look back at the new preferred stocks and ETDs introduced during the month, offering annual yields ranging from 4.25% to 8.5%.
- 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 6.7% and offer an average current yield of 5.21%.
- Past preferred stock IPOs now trading below par: a look at recent par crosses.
For further details see:
New Preferred Stock IPOs, September 2021