While the new issue pricing has not yet been announced the OTC Grey Market ticker has been assigned as PSALL
The issue will trade tomorrow.
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4/23/2024
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525m 4.0%
OK 500 that’s a huge size deal for them. I knew the way it stayed open something was up. PSA tends to be one of the smartest and most disciplined issuers in the pfd market. With the 3 7/8 at 25.85 it looked like a no brainer for a good pop.