Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

  • Creatore Discussione Creatore Discussione Topgun1976
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Just Energy (JE -12.9%) plunges after saying it will suspend the dividend payment on its Series A preferred shares until it is permitted to declare and pay dividends under new agreements governing its facilities.
JE says it has amended its senior secured credit facility to increase the senior debt to EBITDA covenant ratio to 2-to-1 from 1.5-to-1 and its senior unsecured term loan facility to increase the senior debt to EBITDA covenant ratio to 2.15-to-1 from 1.65-to-1.
JE says the agreements governing both facilities were changed to restrict the declaration and payment of dividends on its 8.5% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares until the company's senior debt to EBITDA ratio is no more than 1.5-to-1 for two consecutive fiscal quarters.
È cumulativo?
 
Pitney Bowes (PBI +2.4%) calls for redemption of all of its outstanding 3.625% Notes due 2020.
The Notes will be redeemed on December 27, 2019, at a redemption price equal to the sum of 100% of the aggregate principal amount of the Notes being redeemed and accrued but unpaid interest on those Notes to such Redemption Date, and any make-whole amount.

Veramente incomprensibile. Callano quella con una cedola bassa e lasciano quelle con una maggiore. Boh !
 
CBL Properties (NYSE:CBL) -34.9% after-hours on news it is suspending all future dividends on its common and preferred stock, citing the need to preserve free cash flow.
CBL says it anticipates a decline in net operating income in 2020 due to heightened retailer bankruptcies, restructurings and store closings in 2019.
The company says it will review the dividend suspension quarterly but expects the decision will remain in place until year-end 2020.
 

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