Capstone Infrastructure's Preferred Shares, Series A Yield Pushes Past 9%

In trading on Wednesday, shares of Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A (TSX: CSE-PRA.TO) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $13.51 on the day. As of last close, CSE.PRA was trading at a 44.36% 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 CSE.PRA shares, versus CSE:

Performance Comparison Chart

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Below is a dividend history chart for CSE.PRA, showing historical dividend payments on Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A:

CSE.PRA+Dividend+History+Chart

In Wednesday trading, Capstone Infrastructure Corp's Cumulative 5-Year Rate Reset Preferred Shares, Series A (TSX: CSE-PRA.TO) is currently down about 2.8% on the day, while the common shares (TSX: CSE.TO) are up about 0.6%.

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