S&P U.S. Preferred Stock index to add 25 issues, drop 15 issues

By Angela McDaniels

Tacoma, Wash., Oct. 10 – S&P Dow Jones Indices announced the October rebalancing results for the S&P U.S. Preferred Stock index.

The changes will be effective prior to the open of trading on Oct. 23.

The following securities will be added to the index:

• AGNC Investment Corp.’s series C cumulative convertible preferreds;

• Alabama Power Co.’s 5% cumulative A preferreds;

• American Homes 4 Rent’s series G 5.875% cumulative convertible preferreds;

• Annaly Capital Management Inc.’s series F cumulative convertible preferreds;

• Arch Capital Group Ltd.’s series F 5.45% non-cumulative preferreds;

• Carlyle Group LP’s series A 5.875% noncumulative perpetual preferreds;

• Colony NorthStar Inc.’s series J cumulative convertible perpetual preferreds;

• Compass Diversified Holdings’ series A noncumulative preferreds;

• CorEnergy Infrastructure Trust Inc.’s series A 7.375% cumulative perpetual preferreds;

• Costamare Inc.’s series D 8.75% cumulative perpetual preferreds;

• Crown Castle International Corp.’s series A cumulative convertible preferreds;

• Digital Realty Trust Inc.’s series J 5.25% cumulative convertible preferreds;

• Farmland Partners Inc.’s series B 6% preferreds;

• Invesco Mortgage Capital Inc.’s series C cumulative preferreds;

• Kimco Realty Corp.’s series L 5.125% cumulative preferreds;

• Pennsylvania Real Estate Investment Trust’s series D 6.875% cumulative perpetual preferreds;

• PennyMac Mortgage Investment Trust’s series B cumulative convertible preferreds;

• PS Business Parks Inc.’s series X 5.25% cumulative preferreds;

• Public Storage Deposit’s series G 5.05% cumulative preferreds;

• RLJ Lodging Trust’s series A $1.95 cumulative convertible preferreds;

• TCF Financial Corp.’s series C noncumulative preferreds;

• Two Harbors Investment Corp.’s series B convertible cumulative preferreds;

• UMH Properties Inc.’s series C 6.75% cumulative convertible preferreds;

• Urstadt Biddle Properties Inc.’s series H cumulative convertible perpetual preferreds; and

• Valley National Bancorp’s series B noncumulative perpetual preferreds.

The following securities will be dropped from the index:

• Ashford Hospitality Trust Inc.’s series F 7.375% cumulative preferreds;

• Associated Banc-Corp’s series D noncumulative perpetual preferreds;

• Assured Guaranty Municipal Corp.’s 6.25% notes;

• Banc of California Inc.’s series E noncumulative preferreds;

• Boston Properties Inc.’s B preferreds;

• First Republic Bank’s series D 5.5% noncumulative perpetual preferreds and series G 5.5% noncumulative perpetual preferreds;

• Gabelli Dividend & Income Trust’s series G 5.25% cumulative preferreds;

• National Retail Properties Inc.’s series E 5.7% cumulative preferreds;

• Public Storage’s series X 5.2% preferreds and series Z 6% cumulative preferreds;

• Rayonier Advanced Materials Inc.’s series A 8% mandatorily convertible preferreds;

• SCE Trust II’s 5.1% cumulative trust preferreds;

• NextEra Energy Capital Holdings Inc.’s series G guaranteed debentures and series H junior subordinated debentures.

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