S&P Dow Jones reports 22 adds to U.S. preferred index, three drops

New York, July 1 – S&P Dow Jones Indices announced that it will add 23 securities to its S&P U.S. Preferred Stock Index and remove three at the July rebalancing.

The changes will be effective at the close of business on July 15.

S&P Dow Jones will add the following preferreds:

• American Homes 4 Rent 6.5% cumulative redeemable perpetual preferred shares, series D;

• Ares Management LP 7% non-cumulative preferred shares, series A;

• Aspen Insurance Holdings Ltd. 7.401% perpetual non-cumulative preferred shares;

• Bank of America Corp. non-cumulative preferred shares, series EE;

• BlueKnight Energy Partners LP preferred units, series A;

• CBL & Associates Properties Inc. cumulative redeemable preferred shares, series E;

• DuPont Fabros Technology Inc. 6.625% cumulative redeemable perpetual preferred shares, series C;

• Hersha Hospitality Trust 6.5% cumulative redeemable preferred shares, series D;

• Huntington Bancshares Inc. non-cumulative perpetual preferred shares, series D;

• KKR & Co. LP 6.75% non-cumulative perpetual preferred units, series A;

• Lasalle Hotel Properties 6.3% cumulative redeemable preferred shares, series J;

• PartnerRe Ltd. 5.875% non-cumulative redeemable preferred shares, series I;

• PartnerRe Ltd. 7.25% cumulative redeemable preferred shares, series H;

• Pebblebrook Hotel Trust cumulative redeemable preferred shares, series D;

• Public Storage 5.125% cumulative preferred shares, series C;

• Resource Capital Corp. 8.25% cumulative redeemable preferred shares, series B;

• Seaspan Corp. perpetual cumulative redeemable preferred shares, series G;

• State Street Corp. non-cumulative perpetual preferred shares, series G;

• Validus Holdings Ltd. non-cumulative preferred shares, series A;

• Wells Fargo & Co. 7.5% non-cumulative perpetual convertible preferred shares, series L;

• Wells Fargo & Co. 5.5% non-cumulative perpetual preferred shares, series X; and

• Zions Bancorporation perpetual preferred shares, series G.

The following preferreds will be dropped:

• DDR Corp. 6.25% cumulative redeemable preferred shares, series K;

• Entergy Arkansas, Inc. 4.9% first mortgage bonds due Dec. 1, 2052; and

• PartnerRe Ltd. 5.875% series F non-cumulative redeemable preferred shares.

S&P Dow Jones Indices is a New York-based provider of financial market indicators.

© 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.