Featured Articles
Northern Trust Corp Sells a New Preferred
Tim McPartland | July 30, 2014
Banking company Northern Trust Corporation has announced the sale of a new preferred stock issue. Being a banking issue the stock is both non cumulative and perpetual. The coupon is 5.85%, reflecting the high quality of the issue (although no Standard and Poors or Moodys rating is found).Given the lower interest rate on this issue and the perpetual nature of the duration we have…
Northern Trust Corp 5.85% Series C Non Cumulative Perpetual Preferred Stock
Tim McPartland | July 30, 2014
Date Issued 8/1/2014Shares Offered 16,000,000 Overallotment Shares NoneS&P Rating NR Moodys Rating NRSecurity Ticker Symbol NTRSP OTC Temp Ticker NTRNPMarket Traded ON NASDAQDividend Payment Paid on the 1st of January, April, July and October beginning on 01/1/2015Quarterly Dividend .366 Annual Dividend 1.4625Securities may be redeemed, at the issuers option, as early as 10/1/2019 for a redemption price…
Interesting Days Ahead for Income Investors
Tim McPartland | July 29, 2014
So far July has been a month of mostly treading water for preferred stocks and exchange traded debt issues with values just below the YTD highs--just off by 1/3% during July. Obviously some are down more and some are up more as prices move with many factors such as ex dividends dates etc., but overall they are just off of…
Brandywine Realty Trust Announces Commencement of Public Offering of Common Shares
Tim McPartland | July 28, 2014
