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Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Wednesday, April 1, 12:29 AM

#25. Genie Energy Ltd. | Series 2012-A Preferred Stock (NYSE:GNE.PRA) | -19.41% CURRENT DISCOUNT

Discount to Liquidation Preference: -19.41%
Current Annualized Yield: 11.64%
Days Since Last Ex-Div Date: 146 | See Dividend History »
Categorization: Electric Utilities

Series:2012-A
Redeemable?:Yes
Call Date:10/10/2017
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:8,750,000
Liquidation Preference:$8.50
Recent Market Price:$6.86
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-1.64 (-19.29%)
Annualized Dividend:0.797
Recent Ex-Date:11/4/2014
Current Yield:11.62%
Original Coupon:sh.6375 plus seven and one-half percent of the quotient obtained by dividing the amount by which the EBITDA for a fiscal year of our REP business exceeds 2 million by 8,750,000, payable quarterly in cash and will be redeemable, in whole or in part, at the option of Genie following the fifth anniversary of issuance.
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Genie Energy owns 99.3% of its subsidiary, Genie Energy International Corporation, which owns 100% of IDT Energy and 92% of Genie Oil and Gas, Inc. Co. has two segments: IDT Energy, a retail energy provider that supplies electricity and natural gas to residential and business customers in the Northeastern U.S.; and Genie Oil and Gas, which is engaged in technologies to produce transportation fuels from oil shales and other fuel resources, which consists of American Shale Oil Corporation, which holds and manages 48.16% interest in American Shale Oil, L.L.C., an 88.6% interest in Israel Energy Initiatives, Ltd., an 89% interest in Afek Oil and Gas, Ltd., and a 90% interest in Genie Mongolia.

Preferred: GNE.PRA


Open the GNE Information Page »
Name:  Genie Energy Ltd.
Website:  www.genie.com
Sector:  Electric Utilities
Number of ETFs Holding GNE:  1 (see which ones)
Total Market Value Held by ETFs:  $283,020
Total Market Capitalization:  $172,000,000
% of Market Cap. Held by ETFs:  0.16%

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