In Friday trading on October 6, 2023, shares of Transalta Corporation’s Cumulative Redeemable Rate Reset First Preferred Shares, Series A (TSX: TA-PRD.TO) were yielding over 3.5% based on an annualized dividend of $0.7192. During the session, shares traded as low as $20.51, representing a 17.04% discount to its liquidation preference amount.
At the close, TA.PRD shares were up approximately 1.1%, while the common shares (TSX: TA.TO) increased by about 4.5%. The preferred shares are notable for being convertible, adding a layer of interest for potential investors.
