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Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Monday, August 31, 7:46 PM

#25. Teekay Offshore Partners LP | 7.25% Series A Cumulative Redeemable Preferred Units (NYSE:TOO.PRA) | -32.00% CURRENT DISCOUNT

Discount to Liquidation Preference: -32.00%Average Discount in Category: -16.94%
Current Annualized Yield: 10.67%Average Yield in Category: 8.12%
Days Since Last Ex-Div Date: 22 | See Dividend History »Categorization: Energy

Alternate symbology:TOO-A, TOO-PA, TOOprA
Call Date:4/30/2018
Shares Offered:6,000,000
Liquidation Preference:$25
Recent Market Price:$17.69
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-7.31 (-29.24%)
Annualized Dividend:1.8124
Recent Ex-Date:8/6/2015
Current Yield:10.25%
Original Coupon:7.250%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
Teekay Offshore Partners is an international provider of marine transportation, oil production, storage, towage and floating accommodation services to the offshore oil industry. Co.'s fleet consisted of shuttle tankers, storage and offloading ("FPSO") units, floating storage and off-take ("FSO") units, conventional tankers, towage vessels and floating accommodation units. As of Dec. 31 2014, Co.'s fleet consists of 34 shuttle tankers, seven FPSO units, six FSO units, and four conventional oil tankers. In addition, Co.'s fleet includes six modern on-the-water towing and anchor handling vessels and four long-haul towing and anchor handling vessel newbuildings.

Preferreds: TOO.PRA, TOO.PRB

Open the TOO Information Page »
Name:  Teekay Offshore Partners LP
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding TOO:  4 (see which ones)
Total Market Value Held by ETFs:  $50,462,954
Total Market Capitalization:  $1,454,000,000
% of Market Cap. Held by ETFs:  3.47%

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