In trading on Wednesday, shares of TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series A (Toronto: TA-PRD) were yielding above the 7% mark based on its quarterly dividend (annualized to $0.6772), with shares changing hands as low as $9.67 on the day. As of last close, TA.PRD was trading at a 60.56% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
In trading on Wednesday, shares of TransAlta Corp.'s Cumulative Redeemable Rate Reset First Preferred Shares, Series A (Toronto: TA-PRD) were yielding above the 7% mark based on its quarterly dividend (annualized to $0.6772), with shares changing hands as low as $9.67 on the day. As of last close, TA.PRD was trading at a 60.56% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
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