S&P posts January rebalancing results for S&P U.S. Preferred Stock index

By Tali Rackner

Minneapolis, Jan. 8 – S&P Dow Jones Indices announced the January rebalancing results for the S&P U.S. Preferred Stock index, according to a press release.

The following will be added, effective prior to the opening of trading on Jan. 22:

• Ashford Hospitality Trust Inc.’s 7.5% cumulative convertible perpetual redeemable preferred registered shares, series I;

• EPR Properties’ 5.75% cumulative convertible perpetual redeemable preferred registered shares, series G;

• Federal Realty Investment Trust’s deposit shares representing 1/1,000th 5% cumulative perpetual redeemable preferred registered shares, series C;

• Global Net Lease Inc.’s cumulative redeemable preferred registered shares, series A;

• Golar LNG Partners LP’s 8.75% cumulative perpetual redeemable preferred registered shares, series A;

• Hoegh LNG Partners LP’s 8.75% cumulative perpetual redeemable preferred registered shares, series A;

• Kimco Realty Corp.’s deposit shares representing 1/1,000th 5.25% cumulative redeemable preferred registered shares, series M;

• MB Financial Inc.’s deposit shares representing 1/40 noncumulative perpetual redeemable preferred registered shares, series A;

• National Storage Affiliates Trust’s 6% cumulative convertible perpetual redeemable preferred registered shares, series A;

• New York Mortgage Trust, Inc.’s cumulative convertible perpetual redeemable preferred registered shares, series D;

• NuStar Energy LP’s cumulative convertible perpetual redeemable preferred registered shares, series C;

• PS Business Parks Inc.’s deposit shares representing 1/1,000 preferred shares series U preferred registered shares, series A;

• PS Business Parks’ deposit shares representing 1/1,000th cumulative perpetual redeemable preferred registered shares, series Y;

• Spirit Realty Capital Inc.’s 6% cumulative convertible perpetual redeemable preferred registered shares, series A;

• Summit Hotel Properties Inc.’s cumulative convertible redeemable preferred registered shares, series E;

• Teekay LNG Partners LP’s cumulative redeemable perpetual preferred registered shares, series B;

• Two Harbors Investment Corp.’s cumulative convertible perpetual redeemable preferred registered shares, series C;

• Vornado Realty Trust’s cumulative perpetual redeemable preferred registered shares, series M; and

• Webster Financial Corp. (Conn)’s deposit shares representing 1/1,000 noncumulative perpetual redeemable preferred registered shares, series F.

The following will be dropped, effective prior to the opening of trading on Jan. 22:

• Cedar Realty Trust Inc.’s 7.25% cumulative redeemable preferred shares, series B;

• City Office REIT Inc.’s 6.625% cumulative redeemable preferred shares, series A;

• Digital Realty Trust Inc.’s 6.75% cumulative redeemable perpetual preferred shares, series C;

• Equity Commonwealth’s 5.75% preferreds due Aug. 1, 2042;

• Hersha Hospitality Trust’s 6.5% cumulative redeemable preferred shares, series D;

• Vornado Realty Trust’s 5.4% cumulative redeemable series L preferred shares; and

• Wells Fargo & Co.’s 7.5% noncumulative perpetual convertible preferred shares A series L.

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