Bank of Hawaii (BOH) will be selling a new issue of preferred stock.
The issue will be non-cumulative, but qualified.
The permanent ticker will be BOH-A when it trades on the NYSE after a short stint on the OTC grey market (ticker not yet known).
The preliminary prospectus can be read here.
If they include an expense paid trip to the annual meeting I’m in.
Priced @ 4.375%
Done deal.
Small issue.
RB
Just like I predicted, another yawner.
Thanks razorbackea
Temp ticker is BHWIL.
https://otce.finra.org/otce/dailyList?viewType=Additions
06/08/2021 12:37:49
BHWIL
Bank Hawaii Honolulu Dep Shs Repstg 1/40th Pfd D Series A
Other OTC
Coupon?????
Thanks mbg
Good morning, all.
Tim, here is the FWP:
https://www.sec.gov/Archives/edgar/data/46195/000119312521185510/d132846dfwp.htm
1st div will be short (pay date is 8/1/2021).
Tim – thanks.
Just in spending 20 minutes on their website this looks like another yawner. Most likely pretty low yielder.
Decent Yield. 5.95% subordinated note HWCPL temporary symbol. Moody Baa3/ SP BBB-. It is trading with small volume. Ask $25.03. Bid $24.99. I have just sold Brookfield Property Partners preferred 5.75% with small cap loss offset by dividends and place an order for 400 shares of HWCPL. I may cash out some Gift from Tim AATRL and if sold, buy more HWCPL. Thank you Tim.
johnkcal,
HWCPL called for 6/15, no additional interest.
HWCPL is not the Bank of Hawaii. It is Hancock Whitney Corporation.
HWCPL called
Thanks. Sorry. Apparently the guy who took over Doug Le Du’s cdx3 got a glitch. They posted this one. I quickly cancelled the order. Now when I recheck CDX3, it was not listed on the new list. I should have checked my email alert. No wonder the volume was extremely thin.
HWCPL 5.95% sub note has been called for 6/15/2021
johnkcal–Wish we had more AATRL gifts around–alas there are none.