This company recently issued a new preferred stock. The Series J offers income investors an attractive mix of recurring dividend income and principal protection. The net proceeds from the offering will be used to redeem higher-yielding preferred stock issues. An investment in the Series J yields 7.1 percent.
Colony NorthStar, Inc. (NYSE:CLNS) is a diversified REIT with an attractive international real estate platform and a 25-year history of originating and managing real estate deals. The global equity REIT recently issued a new preferred stock that, I think, offers income investors an interesting combination of high current dividend income and principal protection/low volatility. The new Series J preferred stock is particularly attractive when compared to Colony NorthStar’s common shares.
Source: Seeking Alpha
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