In trading on Monday, shares of Boeing Co.’s Depository Shares RPRSTG 6.00% Series A Mandatory Convertible Preferred Stock (Symbol: BA.PRA) yielded above 5%, with an annualized dividend of $3.00 and shares trading as low as $59.19. The stock was reported at a 23.66% premium to its liquidation preference amount.
On the same day, BA.PRA shares were down approximately 4.1%, while Boeing’s common shares (Symbol: BA) fell about 5.3%. The preferred shares have a conversion ratio between 0.2914 and 0.3497.
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