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Artis Real Estate Investment Trust's Preferred Units, Series C Shares Cross 10.5% Yield Mark

By Preferred Stock Channel Staff, Thursday, January 11, 2:05 PM ET

In trading on Thursday, shares of Artis Real Estate Investment Trust's Preferred Units, Series C (TSE:AX.PRE.CA) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $1.7995), with shares changing hands as low as $17.05 on the day. As of last close, AX.PRE.CA was trading at a 31.00% 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 AX.PRE.CA shares, versus AX.UN.CA:

Performance Comparison Chart

Below is a dividend history chart for AX.PRE.CA, showing historical dividend payments on Artis Real Estate Investment Trust's Preferred Units, Series C:

Free Report: Top 8%+ Dividends (paid monthly)

In Thursday trading, Artis Real Estate Investment Trust's Preferred Units, Series C (TSE:AX.PRE.CA) is currently down about 0.3% on the day, while the common shares (TSE:AX.UN.CA) are trading flat.

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