Many preferred stocks are "callable," meaning the company can force the preferred stockholder to sell the stock after a specified date at a predetermined price. In some situations this might be unfavorable because, if interest rates fall, the …
Callable bonds are issues that can be redeemed ... Convertible bonds are corporate bonds that can be swapped for the same company's common stock at a fixed …
The GDL Fund (NYSE:GDL) (the “Fund”) announced today that it will redeem all remaining shares of its issued and …
After the fifth year, the notes are callable at 105.875 percent, or $1,058.75 for each $1,000, of face value of the notes. The issue is rated B-2 by Moody's Investors Service and B by the Standard & Poor's Corporation. Preferred Stock * Penelec …
Investment banks and stock brokers are expected to issue more derivative instruments such as warrant and callable bull/bear contacts (CBBCs) with underlying assets related to those shares included in the list of Shanghai-Hong Kong …
It's listed on the New York Stock Exchange, rated BBB- and callable at the issuer's option on or after April 13, 2020, at $25 plus accrued interest. CLNY-C ranks junior to the senior debt of the company and equal to CLNY's other preferred …
... Corp. is offering $150 million of perpetual preferred stock with a stated value of $25 and an annual dividend rate of 10 percent. The 6 million shares are callable in three years at an initial price of $25.75, declining to par in the fifth year.
"We are disappointed that the New York Stock Exchange questioned our sale of callable certificates of deposit," the firm said in a statement. "Of course, our goal is for all clients to fully understand the investments they purchase from …
Preferred stocks can also be “callable” from the issuer, who has the right to redeem them at a certain price or time at their discretion. Sometimes the prices of preferred stock indexes follow the path of the stock market and other times they …
The stock closed at $154 today, down $4.50, on the New York Stock Exchange. The issue is callable in the first three years only if the stock price rises above 130 percent of the conversion level.