Monthly Newsletter - Portfolio Channel

[Pages:2]Monthly Newsletter

MONTHLY PREFERRED STOCK NEWSLETTER

T his month at Preferred Stock Channel, the average yield of preferred stocks in our coverage universe is 6.70%, and the average discount to liquidation preference is -2.10%. T here were notable new preferred offerings recently from: T he Gabelli Equity T rust Inc. , Landmark Infrastructure Partners LP, UMH Properties, Inc. , Bluerock Residential Growth REIT , Inc.

Below are three selected preferred stock screens. T he first presents preferred stocks where the common underneath has been selected by prominent index providers as a consistent dividend raiser. T he second presents high yielding preferred stocks that pay monthly. T he third presents preferred stocks where the common underneath has attracted recent insider buying interest.

PREFERRED S O F S.A.F.E. D IVID END ST O CKS

Pref erred Stock

Company

#1 SSW.PRC #2 SSW.PRE #3 SSW.PRD #4 PUK.PR #5 HUSI.PRH #6 O.PRF #7 NNN.PRD #8 HSFC.PRB #9 PUK.PRA #10 HSBC.PRA

Se aspan Co rp Se aspan Co rp Se aspan Co rp Prude ntial Plc HSBC Ho ldings Plc Re alty Inco me Co rp Natio nal Re tail Pro pe rtie s Inc HSBC Ho ldings Plc Prude ntial Plc HSBC Ho ldings Plc

Cat e gory

Transpo rtatio n Transpo rtatio n Transpo rtatio n Financial Financial Re al Estate Re al Estate Financial Financial Financial

Current Annualized Yie ld

Discount/Pre mium to Liquidation Pref .

Conve rt ible ?

9 .30%

2.20%

No

8 .35%

-1.24 %

No

8 .01%

- 0.72%

No

6 .4 7%

4 .4 0%

No

6 .38 %

1.8 8 %

No

6 .35%

4 .36 %

No

6 .33%

4 .6 0%

No

6 .30%

1.04 %

No

6 .23%

4 .36 %

No

6 .07%

2.20%

No

PREFERRED S O F CO MPANIES WHERE INSID ERS ARE BUYING CO MMO N ST O CK

Pref erred Stock

Company

#1 OFG.PRD #2 OFG.PRA #3 OFG.PRB #4 NRF.PRE #5 NRF.PRC #6 NRF.PRA #7 NRF.PRD #8 AHT.PRE #9 NRF.PRB #10 CORR.PRA

OFG Banco rp OFG Banco rp OFG Banco rp No rthStar Re alty Finance Co rp No rthStar Re alty Finance Co rp No rthStar Re alty Finance Co rp No rthStar Re alty Finance Co rp Ashfo rd Ho spitality Trust Inc No rthStar Re alty Finance Co rp Co rEne rgy Infrastructure Trust Inc

Cat e gory

Financial Financial Financial REITs REITs REITs REITs Re al Estate REITs REITs

Current Annualized Yie ld

Discount/Pre mium to Liquidation Pref .

Conve rt ible ?

9 .9 0%

-28 .00%

No

9 .8 8 %

-27.8 8 %

No

9 .74 %

-28 .16 %

No

9 .35%

-6 .4 0%

No

9 .32%

-4 .8 0%

No

9 .14 %

-4 .28 %

No

9 .14 %

- 7.00%

No

8 .9 7%

0.4 4 %

No

8 .9 3%

-7.6 4 %

No

8 .6 6 %

-14 .8 0%

No

HIGH YIELD ING MO NT HLY PAYING PREFERRED S

Pref erred Stock

Company

#1 OFG.PRA #2 OFG.PRB #3 ARR.PRB

OFG Banco rp OFG Banco rp ARMOUR Re side ntial REIT Inc.

Cat e gory

Financial Financial Re al Estate

Current Annualized Yie ld 9 .8 8 %

9 .74 %

9 .39 %

Discount/Pre mium to Liquidation Pref .

-27.8 8 %

-28 .16 %

-16 .12%

Conve rt ible ?

No No No

#4 ARR.PRA #5 EPM.PRA #6 GOODP #7 GOODO #8 GOODN #9 GAINP #10 VER.PRF

ARMOUR Re side ntial REIT Inc. Evo lutio n Pe tro le um Co rp Gladsto ne Co mme rcial Co rp Gladsto ne Co mme rcial Co rp Gladsto ne Co mme rcial Co rp Gladsto ne Inve stme nt Co rp VEREIT Inc

Re al Estate Ene rgy Re al Estate Re al Estate Re al Estate Financial Re al Estate

8 .8 0% 8 .27% 7.52% 7.4 1% 7.02% 6 .9 5% 6 .6 0%

-6 .28 %

No

2.8 0%

No

3.12%

No

1.28 %

No

1.56 %

No

2.56 %

No

1.52%

No

* Conversion terms for preferred stocks tend to vary widely, and tend to impact the trading price of the shares versus the stated liquidation preference, resulting in large discounts or premiums depending on how the preferred shares are convertible into common, and the current trading price of the common versus the terms of the conversion. Click through to the details page for any of the convertible preferred stocks presented in these tables for links to prospectus documents containing more information about the details of the convertible nature of the shares.

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Service. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock

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