- As July 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 10.5%.
- 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 7.3% and offer an average current yield of 5.17%.
- Past preferred stock IPOs now trading below par: A look at the preferred shares of Hoegh LNG Partners LP (NYSE: HMLP).
For further details see:
New Preferred Stock IPOs, July 2021