Morning Commentary: Jernigan listed on NYSE; Qwest baby bonds up

By Abigail W. Adams

Portland, Me., Feb. 1 – Jernigan Capital, Inc.’s recently priced 7% series B cumulative redeemable preferred stock is now listed on the New York Stock Exchange under the ticker “JCAPPrB.”

The preferred stock was at $24.10 soon after its listing on the New York Stock Exchange on Thursday.

The Memphis, Tenn.-based real estate investment trust priced $37.5 million, or 1.5 million shares, of the $25-par perpetual 7% series B cumulative redeemable preferreds on Jan. 19.

The pricing came at the cheap end of talk for a dividend of 6.75% to 7% and smaller than the initially launched 2 million share deal size.

Qwest Corp.’s baby bonds saw large gains in early trading Thursday. Qwest’s 6.875% notes due 2054, which trade under the ticker “CTV,” were up 52 cents, or 1.65%, early in Thursday’s session.

Qwest’s 7% notes due 2052, which trade under the ticker “CTU,” were up 39 cents, or 1.78%, to $22.07.

Qwest’s 6.125% notes due 2053, which trade under the ticker “CTY,” were up 45 cents, or 2.32%, to $19.75.

Qwest’s 6.625% notes due 2055, which trade under the ticker “CTZ,” were up 33 cents, or 1.60%, to $21.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.