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Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Sunday, December 21, 7:09 AM

#25. Global Ship Lease, Inc. | 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) | -26.20% CURRENT DISCOUNT

Discount to Liquidation Preference: -26.20%Average Discount in Category: -11.46%
Current Annualized Yield: 11.86%Average Yield in Category: 10.56%
Days Since Last Ex-Div Date: 1 | See Dividend History »Categorization: Shipping

Call Date:8/20/2019
Shares Offered:1,400,000
Liquidation Preference:$25
Recent Market Price:$18.79
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-6.21 (-24.84%)
Annualized Dividend:2.1875
Recent Ex-Date:12/17/2014
Current Yield:11.64%
Original Coupon:8.750%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
Global Ship Lease is engaged in acquiring a fleet of modern containerships of diverse sizes. Co. owns a fleet of modern containerships of diverse sizes and charters the vessels out under long-term, fixed-rate charters. As of Dec 31 2013, the fleet consisted of 17 containerships, including three newly built vessels, with an aggregate capacity of 66,349 TEU and a weighted average age of approximately 9.8 years and a non-weighted average age of 10.9 years.

Preferred: GSL.PRB

Open the GSL Information Page »
Name:  Global Ship Lease, Inc.
Sector:  Shipping
Number of ETFs Holding GSL:  1 (see which ones)
Total Market Value Held by ETFs:  $14,696,695
Total Market Capitalization:  $191,000,000
% of Market Cap. Held by ETFs:  7.69%

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