Valener's Preferred Shares, Series A, Cross 4.5% Yield Mark

In trading on Wednesday, shares of Valener, Inc.'s Cumulative Rate Reset Preferred Shares, Series A (TSX: VNR-PRA.TO) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.0875), with shares changing hands as low as $24.00 on the day. As of last close, VNR.PRA was trading at a 3.08% 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 VNR.PRA shares, versus VNR:

Performance Comparison Chart

Below is a dividend history chart for VNR.PRA, showing historical dividend payments on Valener, Inc.'s Cumulative Rate Reset Preferred Shares, Series A:

VNR.PRA+Dividend+History+Chart

In Wednesday trading, Valener, Inc.'s Cumulative Rate Reset Preferred Shares, Series A (TSX: VNR-PRA.TO) is currently down about 0.5% on the day, while the common shares (TSX: VNR.TO) are trading flat.

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