UPDATE–THE OTC TICKER IS STFLV. LATELY AFTER THE INITIAL TICKER IS SET THEY GET CHANGED.
Stifel Financial Corp (SF) has priced their previously announced preferred stock issue.
The company has priced 12 million shares with a coupon of 4.50%. The issue is rated BB-/BB- by S&P and Fitch respectively.
The issue will trade on the OTC grey market, but once again the temporary ticker has not been announced.
The pricing term sheet is here.
Even at 25.15 I could not get myself to pull the trigger on it.
25.19
Already priced too high to buy.
What isn’t?
Not yet available at TD Ameritrade.
Available for trade at Schwab
If you bought this at schwab, check your account.
I didn’t see this as a big play, but I bought a handful of shares at open last Friday under STFLV. Later that day, schwab’s monkeys changed the symbol for the shares in my account to a numeric symbol.
This week, they started letting the issue trade as STFLP (same cusip, different temp symbol) – but they didn’t change the symbol for the shares already in people’s accounts. So, I now have my handful of shares that have a number symbol in street smart edge, and a symbol of “No Number” on schwab.com. I can buy new shares under STFLP, but the shares in my account are just stranded in limbo.
Had several calls with Schwab this morning *they kept having different people call me back) – no help. Finally got someone who promised to have it fixed by tomorrow. I ain’t holding my breath.
STFLV
https://otce.finra.org/otce/dailyList?viewType=Additions