2 thoughts on “Miscellaneous Pricings of Interest”

  1. You don’t see too many preferreds that are redeemable at $25/share able to issue a secondary at a price that is 20 cents higher.

    Well done by the underwriters of FRGAP on this one.

    The last time I saw this was with AFINP – believe AFIN did a secondary in September of 2019 of AFINP at $25+ some change. Six months later the preferred traded down to $7 when panic set in as the pandemic started.

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