NOTE–we can find no public data on this call, but we did receive a copy of my brothers call notice from Fidelity.
The below security was affected by a Full Call:
Description: GLACIER WATER TRUST 9.06250% 01/31/2028 PFD
Tonight Primo Water (NASDAQ:PRMW) who has purchased Glacier Water Services Called for the redemption of their 9.06% trust preferred shares on 6/29/2018. With this call date investors will receive an accrued dividend of about 20 cents for a total redemption price of $25.20. Shares closed today at $26.70 meaning there will be a $1.50/share loss from todays price.
We had written about this possibility on 5/14/2018 and at that time had encouraged holders to “sneek out” of their shares at around $26.75 to preserve the capital gain.
At this point in time it is unlikely that you will be able to sell your shares and should be careful about entering an order to sell. For a day or two after the call announcement your brokerage may require you to repurchase the shares at an unknown price.