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I reason they are selling stock to pay off expensive debt cost ..seems reasonable to me.whats your take on this? anyone..
So I'm trading 8.8% div @ $25 preferred share price for a 7.5% div @ $26.75 offering price. Preferred I must pay or owe div, common share div I can cut anytime.It would seem it is a no brainer. Not so sure why the big drop under the price though. It does not read like they are for sure trading in thier Pref B shares.I wonder why?