Randy LeClair
Capstone Infrastructure Corp.
CSE.PR.A-T
COMMENT
Sep 08, 2014
Preferred A’s. Very low rated at P4. It’s also a very small issue. This is a lot more risky in the world of preferred shares. It is yielding quite nice, but there is a reason the yield is so high.
This is yielding 7%. When it resets in 2021, it is an 8.5% yield, which is attractive. It is expensive in after-tax dollars for the company, so they might have an incentive, if rates go up, to call this preferred.
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Preferred A’s. Very low rated at P4. It’s also a very small issue. This is a lot more risky in the world of preferred shares. It is yielding quite nice, but there is a reason the yield is so high.