Natur plans offering; Public Storage active, flat; Annaly Capital preferreds improve

By James McCandless

San Antonio, July 1 – Top traders in the preferred market were mixed while the market shifted higher.

Natur International Corp. plans to price an offering of $7.2 million total of series D, series E and series G preferred stock.

Public Storage’s 5.6% series H cumulative preferred stock was active during the day but ended flat.

The preferreds (NYSE: PSAPrH) were seen ending level at $26.19 on volume of about 611,000 shares.

Sector peer Annaly Capital Management, Inc.’s recent 6.75% series I and 6.95% series F fixed-to-floating rate cumulative redeemable perpetual preferred stock were both improving.

The series I preferreds (NYSE: ALYPrI) picked up 12 cents to close at $25.03 with about 441,000 shares trading.

The series F preferreds (NYSE: ALYPrF) added 8 cents to close at $25.48 with about 177,000 shares trading.

Retirement company Athene Holding Ltd.’s 6.35% series A fixed-to-floating rate perpetual non-cumulative preference shares slipped.

The preferreds (NYSE: ATHPrA) lost 1 cent to close at $26.39 on volume of about 397,000 shares.

Elsewhere, in finance, Bank of America Corp.’s 6.5% series Y non-cumulative preferreds moved lower.

The preferreds (NYSE: BACPrY) declined by 2 cents to close at $25.50 with about 353,000 shares trading.

JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferreds (NYSE: JPMPrD) were down 16 cents to close at $26.76.

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