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Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred...

Huntington Bancshares (HBAN) announces the redemption of $114M of trust preferred securities, the latest in a series of banks doing same as they can no longer be counted as capital. The moves have left preferred stock investors scrambling to replace the fat (and safe) yielders, pushing up the prices on what's left in the preferred arena. Preferred stocks (PFF) have smoked the Dow YTD even before dividends.
Comments (2)
  • Does anyone have a feel for how high PFF can go? I have been reinvesting dividends as my original investment was small but did not want to add after it jumped up. I really don't know what to think of it or do with it or how it will change with the market. Any comments?
    6 Aug 2012, 07:26 PM Reply Like
  • No, I was wondering what this does to the current share price?
    7 Aug 2012, 09:19 AM Reply Like
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