Southern Co. $25-par notes lose; Public Storage positive; Bank of America dips

By James McCandless

San Antonio, Sept. 18 – At the end of the week for the preferred market, the overall market was negative while top traders differed.

As Friday’s volume leader, Southern Co.’s 6.25% series 2015A junior subordinated notes due 2075 lost ground.

Meanwhile, REIT Public Storage’s 5.2% series W cumulative preferred shares closed the day on a positive note.

In the finance space, Bank of America Corp.’s 5% series LL non-cumulative preferred stock dipped.

Sector peer Capital One Financial Corp.’s recent 4.625% series K fixed-rate non-cumulative perpetual preferreds rose.

Elsewhere, telecom company AT&T, Inc.’s 4.75% series C perpetual preferred stock bounced to a higher position.

© 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.