Update–PTrader has posted a link in the comments here that indicate that the company may call this issue before too long. I had a low ball order in on this on Tuesday but with the added info and the pop in the shares Tuesday I will not have an interest in shares.
The GasLog LTD 8.75% perpetual preferred (GLOG-A) tumbled in the last 2 days by about $1. It is now trading at $25.43 down from $26.40 2 days ago.
The issue is callable 4/7/2020 and some folks probably figured out there was ‘call risk’ and wanted out.
Shares went ex dividend on 12/30 for payment 1/2/2020 so they will be building accrued dividends which with the normal 30 day call notice minimizes the call risk cost. Whether the company would be able to call this issue is an unknown.
NOTE–this is not the partnership which is GLOP–this is the parent company.
I may pick up a small position.