In trading on Tuesday, Chimera Investment Corp’s 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (CIM.PRC) yielded over 10%, with shares trading as low as $22.25. This contrasts with the average yield of 8.28% in the Real Estate preferred stock category.
At the last close, CIM.PRC was trading at a 10.32% discount to its liquidation preference amount, compared to the category’s average discount of 16.39%. On Tuesday, CIM.PRC was down approximately 0.8%, while the common shares (CIM) rose about 1.1%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
