GRH preferred C shares hitting new 52 week low this AM
for folks who like yield, check out the preferred shares hitting $20.60ish range today. the face value of the shares are $25 so at this price level, the yield is easily north of 12% just based on interest rate and stock price, and not factoring in the capital gain difference between the face value and curren trading price since we have no clue when these shares get redeemed.
wonder if someone is getting out of these shares because of the tax rate changes in 2013? i read somewhere though on here, that these preferred shares were considered as ROC for 2012 so no taxes, but that classification might change in 2013.