In trading on Friday, shares of Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.368), with shares changing hands as low as $21.00 on the day. As of last close, AX.PRE was trading at a 15.56% 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 AX.PRE shares, versus AX.UN:
Below is a dividend history chart for AX.PRE, showing historical dividend payments on Artis Real Estate Investment Trust's Preferred Units, Series C:
In Friday trading, Artis Real Estate Investment Trust's Preferred Units, Series C (TSX: AX-PRE.TO) is currently down about 0.5% on the day, while the common shares (TSX: AX-UN.TO) are down about 4.7%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/artis-real-estate-investment-trusts-preferred-units-series-c-shares-cross-6.5-yield-mark
2020-02-28 19:39:00Z
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