May only be redeemed on a dividend payment date
Type: Regular
Equity Commonwealth 6 1/2% Series D Cumulative Convertible Preferred Shares
Safety rating moved to ‘B’ on 6/12/2024 as the company holds mostly cash right now after liquidating office properties previously
Huntington Bancshares Incorporated 6.875% Series J Non-Cumulative Perpetual Preferred Stock
Shares are fixed-rate reset shares. The coupon is fixed at 6.875% until 4/15/2028 at which point the coupon resets at the 5 year treasury plus a fixed spread of 2.704%. The coupon then resets each 5 years
Only redeemable on a dividend payment date
Lincoln Financial Group 9.00% Non-Cumulative Preferred Stock, Series D
A review of the prospectus does NOT reveal any particular protections for holders of this security in the event of LNC being bought or merged
Imperial Petroleum Inc 8.75% Series A Preferred Shares
Organized as a PFIC–Passive Foreign Investment Company