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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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