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Published on 3/1/2017 in the Prospect News Preferred Stock Daily.

S&P Dow Jones drops four redeemed issues from preferred stock index

New York, March 1 – S&P Dow Jones indices announced that four issues will be dropped from the S&P U.S. Preferred Stock index due to redemptions.

The issues to be removed are as follows:

Welltower Inc.’s 6.5% series J cumulative redeemable preferred stock, which will be deleted before trading begins on March 7;

Raymond James Financial, Inc.’s 6.9% senior notes due March 15, 2042, which will be deleted before the open on March 15;

Barclays plc’s American Depositary Shares, series 3 representing non-cumulative callable dollar preference shares, series 3, which will be deleted before the open on March 15; and

ING Groep NV’s 7.2% perpetual debt securities, which will be deleted before the open on March 15.


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