Triton’s new preferreds under par; AIG preferreds positive; Digital Realty improves

By James McCandless

San Antonio, March 13 – A positive streak was extended in the preferred space on Wednesday with newer issues at the front of activity.

Leading trading volume, Triton International Ltd.’s new $75 million 8.5% series A cumulative redeemable perpetual preference shares closed under par.

The preferreds, trading under the temporary symbol “TPNRF,” were seen closing at $24.90 on volume of about 979,000 shares.

Meanwhile, insurance name American International Group, Inc.’s new 5.85% series A non-cumulative perpetual preferreds were positive.

The preferreds, trading under the temporary symbol “AIGGZ,” rose 6 cents to close at $25.20 with about 663,000 shares trading.

Real estate investment trust Digital Realty Trust, Inc.’s 5.85% cumulative redeemable preferred stock followed the trend.

The preferreds, trading under the temporary symbol “DLRPO,” picked up 7 cents to close at $24.90 on volume of about 402,000 shares.

In finance, Citigroup Capital XIII’s 7.875% fixed-to-floating rate trust preferred securities saw a small decline.

The preferreds (NYSE: CPrN) lost 2 cents to close at $26.73 with about 395,000 shares trading.

Sector peer Oaktree Capital Group, LLC’s 6.55% series B non-cumulative preferred units saw a boost.

The preferreds (NYSE: OAKPrB) jumped 38 cents to close at $25.03 on volume of about 354,000 shares.

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