Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Golar LNG Partners LP > News item |
Preferreds gain over session; Golar preferreds up; RiverNorth, Gamco new issues soften
By Cristal Cody
Tupelo, Miss., Oct. 27 – Preferred stocks ended Friday mostly better with no primary action reported during the session.
The U.S. iShares Preferred Stock ETF closed up 26 basis points.
The Wells Fargo Hybrid and Preferred Securities index ended 5 bps better.
Golar LNG Partners LP’s $120 million of 8.75% series A perpetual cumulative redeemable preferred units that priced on Tuesday closed the day up 11 cents, or 0.44%, to $25.05 in over-the-counter trading.
The preferreds were issued the temporary symbol “GOLPF” on Wednesday.
The Hamilton, Bermuda-based owner and operator of liquid natural gas carriers will apply to list the preferred units on the Nasdaq Global Select Market under the symbol “GMLPP.”
In other trading on Friday, RiverNorth Marketplace Lending Corp.’s 5.875% series A term preferred shares due Oct. 31, 2024 (NYSE: RMPL) fell 12 cents, or 0.48%, to close at $25.08.
The Chicago-based closed-end management investment company priced $36 million, or 1.44 million shares, of the 5.875% series A term preferreds at par with a $25.00 liquidation preference on Oct. 18.
Elsewhere on Friday, Gamco Natural Resources Gold & Income Trust’s 5.2% series A cumulative preferreds that priced on Monday traded down 7 cents, or 0.28%, to end at $24.73 in over-the-counter trading.
The preferreds were freed to trade late Monday under the temporary symbol “GNGTP”.
The preferreds are expected to start trading on the NYSE under the symbol “GNTPrA” within 30 days of issuance.
© 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.