- As October 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 9.25%.
- 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 7.56% and offer an average current yield of 5.18%.
- Past preferred stock IPOs now trading below par: a look at PSEC-A, from Prospect Capital.
For further details see:
New Preferred Stock IPOs, October 2021