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HSBC Holdings plc Message Board

  • tgyoung tgyoung Oct 31, 2012 11:21 AM Flag

    Harris Preferred Capital Corp preferred stock - why no call yet?

    The Harris Preferred Capital Corp preferred (HPC-P, HPC+, HBCPR depending on where you're looking) has a 7.375% dividend based on the $25 issue price and can be called in at that price. For the life of me I don't understand why Harris hasn't called this stock, currently trading at $26+, to reduce their cost structure. Thoughts on the matter?

    Sentiment: Hold

 
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