Discounts to par, call dates, current yields and redemptions across bank, REIT and convertible preferred shares.
Enterprise Financial Services Corp's preferred shares (EFSCP) rose nearly 3% to $16.24 even as its dividend status flipped to 'Reduced,' a labeling…
The regulated-utility preferred stock universe comes from only five issuers, with PG&E accounting for more than half the list, raising concentration questions behind the sector's low-volatility reputation.
W. R. Berkley's 4.125% Series H baby bond trades near $14.29, a roughly 43% discount to its $25 par value and the widest gap among tracked insurance…
Equitable Holdings' 4.3% Series C preferred shares last changed hands at $15.48, a 38.08% discount to $25 par, versus a 23.9% average among…
First Horizon Corp's 4.7% Series F non-cumulative perpetual preferred is trading at a 38.6% discount to its $25 par value, the steepest gap among the bank's preferred offerings, even as the stock remains callable.
Hyperscale Data's 13% Series D cumulative preferred, GPUS'D, traded near $18.67 on October 16, a 25.3% discount to its $25 par, yielding 17.41%, while common shares moved higher amid a flurry of corporate announcements.
Ford Motor's two legacy baby bonds trade at different discounts to par value, with the already-callable Series C discounted roughly 25% and the Series D, not callable until 2027, discounted about 20%.
Citigroup's variable-rate baby bond C'N trades at a 6.2% premium to par with a 10.92% floating rate, diverging from steep discounts on the bank's fixed-rate preferreds amid elevated short-term rates.
Capital One's 4.8% Series J preferred trades near $15.66, a 37% discount to its $25 par value, well beyond the average discount across similar bank…
Dime Community Bancshares' 9% cumulative baby bond DCOMG trades at a premium to its $25 par value even as the broader preferred and baby bond market averages an 18% discount, a gap worth examining for income investors.
Bank of America's legacy 3% Series G preferred stock, callable since 2009, widened its discount to par as BAC common shares fell 4.76% today…
Mortgage REIT preferred shares including issuers like Ready Capital, Arbor Realty and Redwood Trust show current yields up to 15% and discounts to…
Hewlett Packard Enterprise's 7.625% preferred trades at a premium above 250% to par, far outpacing peers like Oracle and Pitney Bowes preferreds. The gap reflects its mandatory convertible structure, which links its value to HPE common…
Strategy Inc's STRD preferred now yields 13.65% at a 26.73% discount to par, wider than its sister issues, as bitcoin trades near $83,346 and…
Citizens Financial Group's preferred shares diverge sharply by issue date. The callable 2019 Series E trades at a steep discount with a 7.28% yield…
Diana Shipping's 8.875% Series B preferred shares trade near $26.91, a premium to the $25 par value, despite being callable since 2019, a pattern that diverges from steep discounts common across the preferred market.
Energy Transfer's 9.25% Series I convertible preferred (ET'I) trades near $10.80, about 19.75% above its $9 par value, a rare premium in a preferred market where most issues sit at discounts of 20% or more.
Franklin BSP Realty Trust's 7.5% Series E preferred has traded past its 2018 call date for eight years, yielding over 10% while sitting well below its $25 par value, a persistence that raises questions about redemption timing and credit…
Fifth Third Bancorp's preferred shares show a wide valuation gap: the 2019 Series K, callable since 2024, trades 31% below par while the new 6.875%…
NexPoint Real Estate Finance's 8.5% Series A preferred (NREF-A) trades at $24.91, just below par, more than a year past its call date, a tighter gap…
Capital One's Series K preferred trades near $15.54, a 37.84% discount to its $25 par value, more than ten months after its December 2025 call date passed. Series J shows a similar gap, raising questions about redemption timing.
Bank of America's Series H preferred, a 3% coupon issue callable since 2009, trades at $18.17, a 27.32% discount to its $25 par value, a gap wider…
Bank of America's Series E preferred stock, callable since 2011, trades near $18.70, a 25% discount to its $25 par value, with its floating dividend now benchmarked to SOFR after the LIBOR transition.
Athene Holding's 4.875% Series D non-cumulative preferred is trading near $15.21, a 39% discount to its $25 par value, despite an 8.01% current yield and callability since December 2025.
AXIS Capital's Series E preferred stock has traded well below its $25 par value for years despite being callable since 2021, leaving holders with a…
ACRES Commercial Realty's Series D and Series C preferreds carry double-digit current yields on discounts of roughly 30% and 8% to par, a pricing…
Gabelli Dividend & Income Trust's Series K preferred (GDV'K) trades roughly 35% below its $25 par value just ahead of its October 7, 2026 call date…
Arbor Realty Trust's Series F preferred stock (ABR'F) dropped 5.65% in one session, more than the common stock's 4% decline, widening its discount to par to nearly 26% ahead of its October 12 call eligibility date.
Bank of Hawaii's 4.375% Series A preferred trades near $14.87, a 40.5% discount to its $25 par value, more than double the average discount among bank preferreds, even though the issue has been callable since August 2026.
Hecla Mining's Series B 7.00% cumulative convertible preferred closed at $74.55, a 49.10% premium to par, as its deep-in-the-money conversion terms outweigh yield compression amid volatile silver sentiment.