Qurate Retail Group (QRTEA and QRTEB) has announced that they will pay a common stock special dividend with preferred shares as well as cash.
The company is the parent of retailers QVC and Zulily, as well as other retail brands.
The new $100/share preferred will be an 8%, cumulative preferred and the company has applied for listing of the shares on NASDAQ.
Here you can find the company press release with some of the details of the issue.
I have not had time to do any due diligence whatsoever on this issue but at 8% maybe someone has an interest.
Tickers etc are available in the press release above.
Bob-in-DE dredged up this issue.