GMP Capital's Preferred Shares, Series B Yield Pushes Past 7.5%

In trading on Wednesday, shares of GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B (TSX: GMP-PRB.TO) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.3752), with shares changing hands as low as $18.25 on the day. As of last close, GMP.PRB was trading at a 26.00% 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 GMP.PRB shares, versus GMP:

Performance Comparison Chart

Below is a dividend history chart for GMP.PRB, showing historical dividend payments on GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B:

GMP.PRB+Dividend+History+Chart

In Wednesday trading, GMP Capital's Cumulative 5-Year Rate Reset Preferred Shares, Series B (TSX: GMP-PRB.TO) is currently down about 1.4% on the day, while the common shares (TSX: GMP.TO) are up about 0.9%.

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