PrivateBancorp Trust Preferred Securities Goes Ex-Dividend Soon

On 12/10/14, PrivateBancorp, Inc.'s 10.00% Trust Preferred Securities (NASD: PVTBP) will trade ex-dividend, for its quarterly dividend of $0.625, payable on 12/15/14. As a percentage of PVTBP's recent share price of $26.54, this dividend works out to approximately 2.35%, so look for shares of PVTBP to trade 2.35% lower — all else being equal — when PVTBP shares open for trading on 12/10/14. On an annualized basis, the current yield is approximately 9.33%, which compares to an average yield o...