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?
Looking at Procter and Gamble (PG) exchange-traded options I see options with the usual symbol of "PG" + Expiration Month + Strike Price (e.g., "PGAL") but I'm also seeing options with the symbol of "GBV" + Expiration Month + Strike Price (e.g., "GBVAL"). Too, a "GBV" and "PG" option with the same expiration month and strike price have dramatically different bid and asked prices.
What's the difference between these two groups of options?