Canaccord Genuity Group's Preferred Shares, Series A Crosses Above 7% Yield Territory

In trading on Friday, shares of Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A (TSX: CF-PRA.TO) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.375), with shares changing hands as low as $19.41 on the day. As of last close, CF.PRA was trading at a 21.24% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible.

The chart below shows the one year performance of CF.PRA shares, versus CF:

Performance Comparison Chart

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Below is a dividend history chart for CF.PRA, showing historical dividend payments on Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A:

CF.PRA+Dividend+History+Chart

In Friday trading, Canaccord Genuity Group Incorporated's Cumulative 5-Year Rate Reset First Preferred Shares, Series A (TSX: CF-PRA.TO) is currently off about 0.7% on the day, while the common shares (TSX: CF.TO) are off about 0.4%.

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