Global Ship Lease Prices Preferred-Update

By: ,

August 14, 2014 – 9:45 am  

Global Ship Lease (ticker:GSL) has priced their new preferred shares at 8.75% for 1,400,000 shares.

This is a bit of a disappointment to us as we thought it would come at 9% or above–but we haven’t reviewed recent financials and maybe they are more financially solid than we had believed.

Advertisement.

We wrote a bit on this one yesterday.

Details of the offering are here.

Shares trade Friday under OTC Temp Ticker  GPSLF

Related Posts:

Tim McPartland

Connect with Tim McPartland

Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
X
Search Dividend Investor