New Allstate preferreds remain active but level; AT&T shares down as trial progresses

By James McCandless

San Antonio, April 4 – The preferreds stock market saw an active day Wednesday with newer and news-driven issues driving the day.

Allstate Corp. led again with its new $500 million of $25-par perpetual preferred series G shares.

AT&T Corp. preferreds traded down as its trial against the Department of Justice continues.

Bank of America Corp. preferreds were mixed, still reacting to news that the company would redeem all series M and some series K preferreds.

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