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RioCan Real Estate Investment Trust's Preferred Units, Series A Yield Pushes Past 7.5%

In trading on Thursday, shares of RioCan Real Estate Investment Trust's Preferred Units, Series A (TSX: REI-PRA.TO ) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.3125), with shares changing hands as low as $17.24 on the day. As of last close, REI.PRA was trading at a 28.00% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of REI.PRA shares, versus REI.UN:

Performance Comparison Chart

Below is a dividend history chart for REI.PRA, showing historical dividend payments on RioCan Real Estate Investment Trust's Preferred Units, Series A:

REI.PRA+Dividend+History+Chart

In Thursday trading, RioCan Real Estate Investment Trust's Preferred Units, Series A (TSX: REI-PRA.TO ) is currently off about 2.5% on the day, while the common shares (TSX: REI-UN.TO ) are up about 2.1%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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