Franchise Group (FRG), an operator of franchised businesses, has announced a new offering of cumulative preferred stock.
The issue will be cumulative and qualified.
I am not familiar with this company, but it looks like they operate vitamin stores, sell furniture and has a tax preparation business. Obviously plenty of due diligence needs to be done on this issue.
mcg was on top of this one with EarlyBird chipping in with ‘yield talk’ around 7.5%.