JPMorgan preferreds mixed; Southern California Edison jumps; Maiden Holdings rises

By James McCandless

San Antonio, Feb. 13 – The preferred market extended a positive streak to three days on Wednesday.

Leading trading volume, JPMorgan Chase & Co.’s 5.75% series DD non-cumulative preferred stock and its 6% series EE non-cumulative preferred stock were mixed.

The series DD preferreds (NYSE: JPMPrD) lost 3 cents to close at $25.23 on volume of about 1.2 million shares.

The series EE preferreds (NYSE: JPMPrC) rose 10 cents to close at $25.93 on volume of about 486,000 shares.

Elsewhere in finance, KeyCorp’s 5.65% series F fixed-rate perpetual non-cumulative preferreds were on the rise.

The preferreds (NYSE: KEYPrJ) added 17 cents to close at $24.53 with about 646,000 shares trading.

In utilities, Southern California Edison, a subsidiary of Edison International, saw its 5% cumulative trust preferred securities and its 5.375% fixed-to-floating rate trust preferred securities both improve.

The 5% preferreds (NYSE: SCEPrL) saw a 51 cent boost to close at $20.51 with about 619,000 shares trading.

The 5.375% preferreds (NYSE: SCEPrJ) rose 63 cents to close at $21.96 with about 606,000 shares trading.

Meanwhile, insurer Maiden Holdings Ltd.’s 7.75% notes due 2043 joined the positive trend.

The notes (NYSE: MHNC) gained 23 cents to close at $18.86 on volume of about 252,000 notes.

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