Featured Articles
The Rambunctious Relationship Between REITs And Rates – Seeking Alpha – Free Acct Required
Tim McPartland | July 17, 2014
Independence Realty Trust Plunge – What if You Were a Current Owner?
Tim McPartland | July 16, 2014
We wrote yesterday about Bargain Hunting the MLPs. The same situation typically holds true with REITs and secondary offerings--prices plunge only to recover a fair portion of their loss and in this recovery there is opportunity for the nimble.Our long time reader 'Howard' today reminded us of the irritation these share offerings bring to him and many current holders of…
Wells Fargo Issues New Preferred Stock
Tim McPartland | July 15, 2014
Wells Fargo has sold a 6% non cumulative preferred stock.The shares will begin to trade on the OTC market beginning on Wednesday, July 16th.Because it is perpetual and non cumulative at a low interest rate we have no interest at this time in this issue.Details of the issue are here.
Wells Fargo 6% Non Cumulative Perpetual Class A Preferred Stock Series T
Tim McPartland | July 15, 2014
Date Issued 7/14/2014Shares Offered 28,000,000 Overallotment Shares 4,200,000S&P Rating BBB+ Moodys Rating Baa3Security Ticker Symbol WFC-T OTC Temp Ticker WLRGPMarket Traded ON NYSEDividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2014Quarterly Dividend .375 Annual Dividend 1.50Securities may be redeemed, at the issuers option, as early as 9/15/2019 for a redemption price…
