RONA's Series 6 Preferred Shares Cross 6% Yield Mark

In trading on Wednesday, shares of RONA, Inc.'s Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares (TSX: RON-PRA.TO) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.3124), with shares changing hands as low as $21.81 on the day. As of last close, RON.PRA was trading at a 12.00% 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 RON.PRA shares, versus RON:

Performance Comparison Chart

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Below is a dividend history chart for RON.PRA, showing historical dividend payments on RONA, Inc.'s Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares:

RON.PRA+Dividend+History+Chart

In Wednesday trading, RONA, Inc.'s Cumulative 5-Year Rate Reset Series 6 Class A Preferred Shares (TSX: RON-PRA.TO) is currently down about 0.7% on the day, while the common shares (TSX: RON.TO) are off about 1.4%.

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