On Wednesday, shares of Canaccord Genuity Group Inc’s Cumulative 5-Year Rate Reset First Preferred Shares, Series A (TSX: CF-PRA.TO) yielded over 5% based on a quarterly dividend of $1.007, trading as low as $20.02. The shares were noted to be at a 19.00% discount to their liquidation preference amount. Notably, these preferred shares are convertible.
As of the latest trading session, CF.PRA shares remained flat, while the common shares (TSX: CF.TO) decreased by approximately 1%.
