TRTN's Series C Preference Shares Cross 7.5% Yield Mark

TRTN's 7.375% Series C perpetual preferred shares were yielding above 7.5% after trading as low as $22.85, based on the quarterly dividend annualized to $1.7188. The piece is a factual yield update with no new company-specific catalyst, so the market impact is likely limited.

Analysis

TRTN's 7.375% Series C perpetual preferred shares were yielding above 7.5% after trading as low as $22.85, based on the quarterly dividend annualized to $1.7188. The piece is a factual yield update with no new company-specific catalyst, so the market impact is likely limited.