In trading on Wednesday, shares of TransCanada Corp's Cumulative Redeemable First Preferred Shares, Series 3 (Toronto: TRP-PRB) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.538), with shares changing hands as low as $11.90 on the day. As of last close, TRP.PRB was trading at a 51.80% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
TransCanada's Preferred Shares, Series 3 Crosses Above 4.5% Yield Territory
Forbes - 7 Sep 2016 20:27
In trading on Wednesday, shares of TransCanada Corp's Cumulative Redeemable First Preferred Shares, Series 3 (Toronto: TRP-PRB) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $0.538), with shares changing hands as low as $11.90 on the day. As of last close, TRP.PRB was trading at a 51.80% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.
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