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AngloGold Ashanti Ltd's 6.00% Mandatory Convertible Subordinated Bonds due 2013 Shares Cross 8% Yield Mark

By Preferred Stock Channel Staff, Thursday, November 15, 2:19 PM ET
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In trading on Thursday, shares of AngloGold Ashanti Ltd's 6.00% Mandatory Convertible Subordinated Bonds due 2013 (NYSE:AU.PRA) were yielding above the 8% mark based on its quarterly dividend (annualized to $3.00), with shares changing hands as low as $37.18 on the day. This compares to an average yield of 6.08% in the "Metals & Mining" preferred stock category, according to Preferred Stock Channel. As of last close, AU.PRA was trading at a 23.28% discount to its liquidation preference amount, versus the average discount of 18.36% in the "Metals & Mining" category. It should be noted that the preferred shares are convertible, with a conversion ratio of 0.91954 to 1.14943.

The chart below shows the one year performance of AU.PRA shares, versus AU:

Performance Comparison Chart

Below is a dividend history chart for AU.PRA, showing historical dividend payments on AngloGold Ashanti Ltd's 6.00% Mandatory Convertible Subordinated Bonds due 2013:


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In Thursday trading, AngloGold Ashanti Ltd's 6.00% Mandatory Convertible Subordinated Bonds due 2013 (NYSE:AU.PRA) is currently off about 2.7% on the day, while the common shares (NYSE:AU) are down about 2.7%.

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