Artis Real Estate Investment Trust's Preferred Units, Series C Crosses Above 6% Yield Territory

In trading on Monday, shares of Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.1875), with shares changing hands as low as $19.78 on the day. As of last close, AX.PRE was trading at a 20.08% 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 AX.PRE shares, versus AX.UN:

Performance Comparison Chart

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Below is a dividend history chart for AX.PRE, showing historical dividend payments on Artis Real Estate Investment Trust's Preferred Units, Series C:

AX.PRE+Dividend+History+Chart

In Monday trading, Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) is currently off about 0.4% on the day, while the common shares (TSX: AX-UN.TO) are down about 0.4%.

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