Banc Of California: Locking In A Yield Of Almost 7% For 15 Months
Banc of California is offering preferred shares that provide a yield of nearly 7% for a period of 15 months. The investment is supported by the company's strong liquidity and manageable credit risk. Income investors may find this opportunity appealing as it promises a solid return.
- ▪Banc of California's preferred shares yield almost 7% for 15 months.
- ▪The investment is backed by strong liquidity and manageable credit risk.
- ▪The total return on Series F Preferred shares is projected at 8.6% if called.
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