Triton International Preferreds: Excessive Dividends To Brookfield Make 8% Yielding Preferred Shares Riskier

Introduction After being acquired by Brookfield Infrastructure (NYSE:BIPC) (NYSE:BIP), the common shares of Triton International, a large container lessor, were delisted but all existing series of preferred shares remained outstanding. I currently own two series of preferred shares as I like the fixed income (without foreign withholding taxes on the preferred dividends) but as the risk has increased after the delisting of the common shares, I am planning to follow up the company and its financial performanc ...