PG&E's New Convertible Preferred Offers Dual Benefit

PG&E Corp. (NYSE: PCG ) last week raised a net $2.35 billion by offering common shares priced at $20.35 and issuing 32.2 million shares of a new preferred series at $50 a share. Some of the proceeds will be used toI am a 35-year stock market investor, MBA, and retired reporter and editor for the San Francisco Chronicle. I also was a featured investor with the investment app Netvest. My primary style is a mix of growth and income, with attention to special situations.Analyst’s Disclosure: I/we have a benefic ...