New Preferred Stock IPOs, November 2024
Portfolio Pulse from
In September, three new preferred stock offerings were introduced with yields between 7% and 8%, including SPMC, Merchants Bancorp, and Aspen Insurance Holdings. CDx3 preferreds are selling at a discount, offering a 6.3% yield. Investors can buy these at wholesale prices on the OTC.
November 27, 2024 | 2:15 am
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POSITIVE IMPACT
Merchants Bancorp is involved in a new preferred stock offering with a yield between 7% and 8%.
Merchants Bancorp's involvement in a new preferred stock offering with a competitive yield could attract investors, potentially boosting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80