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Slideshow Preferreds of Companies Where Insiders are Buying Common Stock

By Preferred Stock Channel Staff, updated Tuesday, June 30, 10:27 AM

#1. Miller Energy Resources, Inc. | 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock (NYSE:MILL.PRD)

Discount to Liquidation Preference: -86.72%Average Discount in Category: -46.32%
Current Annualized Yield: NAAverage Yield in Category: 14.40%
Days Since Last Ex-Div Date: 138 | See Dividend History »Categorization: Oil & Gas Exploration & Production

Underlying Common: MILL »

MILL — last trade: $0.363 — Recent Insider Buys:

Purchased Insider Title Shares Price/Share Value
01/06/2015 Bob G. Gower Director 40,000 $1.08 $43,200

Alternate symbology:MILL-D, MILL-PD, MILLprD
Call Date:9/30/2018
Shares Offered:1,000,000
Liquidation Preference:$25
Recent Market Price:$3.32
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-21.68 (-86.72%)
Annualized Dividend:2.625
Recent Ex-Date:2/11/2015
Current Yield:79.07%
Original Coupon:Dividends will accrue from, and including, the date of original issuance to, but not including, December 1, 2018, at an initial annual rate of 10.5% per annum, based on the 5.00 per share liquidation preference (equivalent to .625 per annum per share during that period). Dividends accruing on and after December 1, 2018 will accrue at an annual rate equal to the sum of (a) Three-Month LIBOR (as defined herein) as calculated on each applicable date of determination and (b) 9.073%, based on the 5.00 per share liquidation preference per annum.
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
Miller Energy Resources is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration, development and operation of oil and gas wells in the Appalachian region of east Tennessee and in southcentral Alaska. Co.'s Alaskan activities include the Cook Inlet, Susitna Basins, and North Fork Unit. Occasionally, during times of excess capacity, Co. provides these services on a contract basis to third-party customers primarily engaged in oil and natural gas exploration and production. As of Apr 30 2014, Co.'s net proved oil and gas reserves were 6.10 billion barrels of oil and 27.64 billion cubic feet of natural gas.

Preferreds: MILL.PRC, MILL.PRD

Open the MILL Information Page »
Name:  Miller Energy Resources, Inc.
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding MILL:  13 (see which ones)
Total Market Value Held by ETFs:  $329,413
Total Market Capitalization:  $18,000,000
% of Market Cap. Held by ETFs:  1.83%

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Preferreds of Companies Where Insiders are Buying Common Stock - Slide 1 of 138 | | Copyright © 2011 - 2015, All Rights Reserved

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