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| Dundee's Preference Shares, Series 2 Crosses Above 6.5% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, June 28, 3:13 PM ET
In trading on Tuesday, shares of Dundee Corp's Cumulative 5-Year Rate Reset First Preference Shares, Series 2 (TSE:DC.PRB.CA) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.321), with shares changing hands as low as $20.00 on the day. As of last close, DC.PRB.CA was trading at a 18.24% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible. The chart below shows the one year performance of DC.PRB.CA shares, versus DC.A.CA:
Below is a dividend history chart for DC.PRB.CA, showing historical dividend payments on Dundee Corp's Cumulative 5-Year Rate Reset First Preference Shares, Series 2:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Dundee Corp's Cumulative 5-Year Rate Reset First Preference Shares, Series 2 (TSE:DC.PRB.CA) is currently off about 0.9% on the day, while the common shares (TSE:DC.A.CA) are up about 1.5%.
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