Valener Cumulative Rate Reset Preferred Shares, Series A Yield Pushes Past 5%

In trading on Thursday, shares of Valener, Inc.’s Cumulative Rate Reset Preferred Shares, Series A (TSX: VNR-PRA.TO ) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.0875), with shares changing hands as low as $21.61 on the day. As of last close, VNR.PRA was trading at a 11.04% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of VNR.PRA shares, versus VNR:

Performance Comparison Chart

Below is a dividend history chart for VNR.PRA, showing historical dividend payments on Valener, Inc.’s Cumulative Rate Reset Preferred Shares, Series A:

VNR.PRA+Dividend+History+Chart

In Thursday trading, Valener, Inc.’s Cumulative Rate Reset Preferred Shares, Series A (TSX: VNR-PRA.TO ) is currently off about 2.1% on the day, while the common shares (TSX: VNR.TO ) are down about 1.4%.

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