Triton International Preferred Now Trading on NYSE

The 8.50% perpetual preferred issue from Triton International (NYSE:TRTN) has moved from the OTC Grey market to the NYSE.

This junky issue has traded strongly in a rush for the coupon. The issue closed at $25.68 on Wednesday. This seems like it has come too far, too fast–but one can never tell where how high investors will push the price.

Shares are trading under the ticker TRTN-A.

Further detail on the issue can be found here.

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