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Skyline Builders Group Holding Limited Announces Pricing of a Private Placement of Preferred Shares
Globenewswire· 2026-02-11 20:45
HONG KONG, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Cayman Islands exempted company with limited liability (the “Company”), today announced the pricing of a brokered private placement of 6,318 shares of preferred shares, par value $0.00001 per share, (the “Preferred Shares”) for a total gross proceeds of approximately $31,590,000, before deducting placement agent fees and other offering expenses payable by the Company. Each preferred share is convertible int ...
Gladstone Land: Preferred Shares Offer Further Upside After A Strong Start To 2026
Seeking Alpha· 2026-02-04 05:36
Core Insights - The article discusses the author's long-term investment approach, focusing on REITs, preferred stocks, and high-yield bonds, which began in high school in 2011 [1] - The author has recently combined long stock positions with covered calls and cash secured puts, indicating a strategy that balances risk and return [1] - The investment philosophy is fundamentally driven, emphasizing a long-term perspective on market and economic trends [1] Investment Focus - The primary focus areas for analysis include REITs and financials, with occasional insights into ETFs and other stocks influenced by macroeconomic trade ideas [1]
Overnight Offering Announced
Globenewswire· 2026-02-03 20:17
TORONTO, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Canadian Life Companies Split Corp. (“the Company”) is pleased to announce it will undertake an offering of Preferred Shares (TSX: LFE.PR.B) and Class A Shares (TSX: LFE) of the Company. The offering will be led by National Bank Financial Inc. The sales period of this overnight offering will end at 8:30 a.m. EST on February 4, 2026. The offering is expected to close on or about February 11, 2026 and is subject to certain closing conditions including approval by the ...
NexPoint Diversified Real Estate Trust Announces 2025 Dividend Income Tax Treatment
Prnewswire· 2026-01-30 14:00
Core Viewpoint - NexPoint Diversified Real Estate Trust has announced the final income allocations for its 2025 dividend distributions on common and preferred shares, detailing the taxable ordinary income and return of capital for each distribution [1]. Common Shares - The company will distribute $0.15000 per share for common shares on three occasions: March 31, June 30, and September 30, 2025, with all distributions classified as return of capital [1]. - The ex-dividend and record dates for these distributions are set for February 28, May 9, and August 14, 2025, respectively [1]. Series A Preferred Shares - For Series A preferred shares, the distribution is $0.34375 per share, also classified entirely as return of capital, with payment dates on March 31, June 30, and September 30, 2025 [1]. - The ex-dividend and record dates for these distributions are March 24, June 23, and September 23, 2025 [1]. Series B Preferred Shares - Series B preferred shares will have a distribution of $0.18750 per share, similarly classified as return of capital, with payment dates on March 5, April 7, and May 5, 2025 [1]. - The ex-dividend and record dates for these distributions are February 25, March 25, and April 25, 2025 [1]. Tax Treatment - 100% of the amount reported as taxable ordinary income for the dividends is treated as a qualified REIT dividend for the purpose of Section 199A [1]. - Shareholders are encouraged to consult with their tax advisors regarding the federal, state, and local income tax implications of these dividends [1].
Premium Income Corporation Announces Closing of Overnight Offering of Preferred Shares
Globenewswire· 2026-01-29 14:20
Group 1 - Premium Income Corporation has completed a treasury offering of 2,633,000 preferred shares, generating gross proceeds of $42,654,600, with shares priced at $16.20 each [1] - The preferred shares will trade on the Toronto Stock Exchange under the symbol PIC.PR.A [1] - The preferred shares provide fixed cumulative preferential monthly cash distributions of $0.10625, equating to $1.275 annually, representing a yield of 8.50% based on the original issue price of $15.00 [3] Group 2 - The Fund primarily invests in common shares of major Canadian banks, including Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank [2] - To enhance returns beyond dividend income, the Fund selectively writes covered call and put options on some or all common shares in its portfolio [2] - Mulvihill Capital Management Inc. serves as the manager and investment manager of the Fund [2]
Dividend 15 Split Corp. Completes Overnight Offering of $142,642,500
Globenewswire· 2026-01-23 13:28
Core Viewpoint - Dividend 15 Split Corp. has successfully completed an overnight offering of Preferred Shares, raising total gross proceeds of $142.6 million, which will be used to invest in a high-quality portfolio of dividend-yielding Canadian companies [1][2]. Group 1: Offering Details - The Preferred Shares will trade on the Toronto Stock Exchange under the symbol DFN.PR.A [1]. - The offering was led by National Bank Financial Inc. [1]. Group 2: Investment Portfolio - The portfolio consists of dividend-yielding Canadian companies, including: - Bank of Montreal - Enbridge Inc. - TC Energy - The Bank of Nova Scotia - Manulife Financial Corp. - TELUS Corporation - BCE Inc. - National Bank of Canada - Thomson Reuters Corp. - Canadian Imperial Bank of Commerce - Royal Bank of Canada - The Toronto-Dominion Bank - Sun Life Financial Inc. - TransAlta Corporation [2]. Group 3: Investment Objectives - The investment objectives for the Preferred Shares include: i. Providing holders with fixed, cumulative preferential monthly cash dividends of 7.00% annually based on the original $10 issue price ii. Paying holders the original $10 issue price of those shares on or about the termination date, currently set for December 1, 2029, with potential for further extensions [4].
Premium Income Corporation Announces Successful Overnight Offering of Preferred Shares
Globenewswire· 2026-01-22 14:37
Core Viewpoint - Premium Income Corporation has successfully completed an overnight treasury offering of 2,633,000 Preferred Shares, generating gross proceeds of approximately $42.65 million [1][2]. Group 1: Offering Details - The offering is expected to close around January 29, 2026, pending approval from the Toronto Stock Exchange [2]. - Preferred Shares are priced at $16.20 each, while the last trading price was $16.46 as of January 21, 2026 [2]. - Since inception, the total dividends declared on the Preferred Shares amount to $25.96 per share [2]. Group 2: Investment Strategy - The Fund primarily invests in common shares of major Canadian banks, including Bank of Montreal, The Bank of Nova Scotia, and others [3]. - To enhance returns beyond dividend income, the Fund will selectively write covered call and put options on some or all common shares in its portfolio [3]. Group 3: Financial Information - Preferred Shares provide fixed cumulative preferential monthly cash distributions of $0.10625, equating to an annual yield of 8.50% based on the original issue price of $15.00 [4]. - The offering is led by National Bank Financial Inc. as the syndicate of agents [4].
Premium Income Corporation Announces Overnight Offering of Preferred Shares
Globenewswire· 2026-01-21 20:27
Core Viewpoint - Premium Income Corporation is conducting an overnight treasury offering of Preferred Shares, with the sales period ending on January 22, 2026, and expected closure around January 29, 2026, pending approval from the Toronto Stock Exchange [1][2]. Group 1: Offering Details - The Preferred Shares are priced at $16.20 each, while the last trading price on the TSX was $16.46 as of January 21, 2026 [2]. - Since inception, the Fund has declared aggregate dividends of $25.96 per Preferred Share [2]. - The Preferred Shares provide fixed cumulative preferential monthly cash distributions of $0.10625, equating to $1.275 annually, which represents an 8.50% yield based on the original issue price of $15.00 [4]. Group 2: Investment Strategy - The Fund primarily invests in common shares of major Canadian banks, including Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, and The Toronto-Dominion Bank [3]. - To enhance returns beyond dividend income, the Fund selectively writes covered call and put options on some or all common shares in its portfolio [3]. Group 3: Management and Contact Information - The manager and investment manager of the Fund is Mulvihill Capital Management Inc. [3]. - For further inquiries, Investor Relations can be contacted via phone or email, with additional information available on the company's website [4].
Power & Infrastructure Split Corp. Establishes At-The-Market Equity Program
Globenewswire· 2026-01-20 20:53
Core Viewpoint - Power & Infrastructure Split Corp. has launched an at-the-market equity program to issue Class A and Preferred Shares, aiming to raise up to $50 million for each share class through the Toronto Stock Exchange [1][2]. Group 1: ATM Program Details - The ATM Program allows the Fund to sell Class A and Preferred Shares at prevailing market prices, with sales conducted through the TSX or other Canadian marketplaces [2][3]. - The program is effective until February 16, 2028, unless terminated earlier by the Fund [3]. Group 2: Investment Objectives - The Class A Shares aim to provide regular monthly non-cumulative cash distributions and capital appreciation through exposure to a diversified portfolio of dividend-paying securities in the power and infrastructure sectors [4]. - The Preferred Shares are designed to offer fixed cumulative preferential quarterly cash distributions and to return the original issue price of $10.00 by May 29, 2031 [5]. Group 3: Performance Metrics - Since inception, Class A Shares have delivered a total return of 13.8% per annum, outperforming the S&P Global Infrastructure Total Return Index by 3.7% per annum [6]. - The Preferred Shares have provided a total return of 5.1% per annum since inception, with downside protection of approximately 54% based on the latest net asset value [6]. Group 4: Company Background - Brompton Funds, established in 2000, is the investment fund manager for Power & Infrastructure Split Corp., focusing on income and growth investment solutions [7].
AGNC Investment Stock: 3 Floating Preferred Shares Offer Over 9% Yield (NASDAQ:AGNC)
Seeking Alpha· 2026-01-19 13:30
Company Overview - AGNC Investment Corp. is a real estate investment trust (REIT) primarily investing in mortgages, categorized as a mortgage REIT (mREIT) [1] - The company offers high-yielding common shares along with five different preferred shares [1] Investment Focus - The focus is on income investing through common shares, preferred shares, or bonds, with occasional insights on the broader economy or specific company situations [1] Background Information - The company has a leadership team with a strong academic background, including a Bachelor's in history/political science and a Master's in Business Administration with a specialization in Finance and Economics [1] - The CEO has been investing since 2000 and currently manages an independent living retirement community in Illinois [1]