Northstar Realty Finance Series C Cumulative Redeemable Preferred Stock Crosses 9% Yield Mark

In trading on Wednesday, shares of Northstar Realty Finance Corp's 8.875% Series C Cumulative Redeemable Preferred Stock (NYSE: NRF.PRC) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.2188), with shares changing hands as low as $24.60 on the day. This compares to an average yield of 6.39% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, NRF.PRC was trading at a 0.04% discount to its liquidation preference am...