Below is the pricing detail on the new Gladstone Commercial (GOOD).
The OTC grey market ticker is not available yet–but it likely will be announced today sometime. We will post it as soon as it is available.
The pricing term sheet can be read here.
Gladstone Commercial Corporation Pricing Detail on New Preferred
GSCCV is the temporary symbol. Showing up in Schwab but you cannot place an order yet. Schwab showed a volume of 21,800 traded when I tried to enter a trade. Might be on some platforms
https://otce.finra.org/otce/dailyList?viewType=Additions
no show as yet on vanguard.
Temp ticker is GSCCV. Not yet set up at E*Trade.
https://otce.finra.org/otce/dailyList?viewType=Additions
06/22/2021 12:16:13
06/22/2021 00:00:00
GSCCV
GLADSTONE COML CORP PFD SER G Preferred Stock
https://sec.report/Document/0001193125-21-195466/
GOODO is showing up on Schwab but cannot be traded yet.
Based on GOODN price and yield and if called at earliest date.
I calculate the new issue should get to 25.85.
Market conditions permitting, I will buy enough to keep and flip.
I hope it doesn’t get to 25.65 out of the gate.
With the 10 yr note awake lately, maybe we will get a fair price.
What say you?