Annaly Capital improves; Voya preferreds negative; Capital One better

By James McCandless

San Antonio, July 5 – At the end of the Independence Day week, the preferred space declined overall as top traders trended higher.

REIT Annaly Capital Management, Inc.’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferred stock saw a slight improvement.

Meanwhile, Voya Financial, Inc.’s 5.35% series B fixed-rate reset non-cumulative preferred stock followed the market’s trend.

Elsewhere, in finance, Capital One Financial Corp.’s 6.7% series D fixed-rate non-cumulative perpetual preferreds ended positively.

Sector peer Ally Financial, Inc.’s 8.125% series 2 fixed-to-floating rate trust preferred securities edged up.

Citigroup Capital XIII’s 7.875% fixed-to-floating rate trust preferred securities also rose by the end of the day.

© 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.