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About the new issue
Sachem Capital Corp. (SACH) priced an offering of $50 million worth of new exchange traded notes due 2027, offering a fixed coupon of 6%. The company indicated that the proceeds will be used
Complete Dearth Of New Preferred Stock IPOs, March 2022
Summary
- As March 2022 comes to a close, we look back at just one new ETD introduced during the month, and ZERO new preferred stocks.
- CDx3 preferreds ranked 10 out of 10 are currently selling for an average premium to par of just 8 cents and offer an average current yield of 5.55%.
- Past preferred stock IPOs now trading below par: a look at recent par crosses.
Whether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred stock activity that we notice here at the CDx3 Notification Service.
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