Franchise Group (FRG) has announced a reopening (further share sales of a previous issue) of the 7.50% cumulative, qualified perpetual preferred shares. NOTE–dividends are only qualified if the company is profitable–otherwise they are return of capital.
The issue trades under FRGAP and had recently traded in the $26/share area. Today the issue is trading at $25.25.
EarlyBird mentioned this earlier today.