PreferredStockChannel

Slideshow Preferreds Trading at the Largest Discounts

By Preferred Stock Channel Staff, updated Fri, December 4, 2:13 AM

#24. SLM Corp. | Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (NASDAQ:SLMBP) | -53.00% CURRENT DISCOUNT

Discount to Liquidation Preference: -53.00%Average Premium in Category: 6.73%
Current Annualized Yield: 4.17%Average Yield in Category: 5.43%
Days Since Last Ex-Div Date: 1 | See Dividend History »Categorization: Financial

Series:B
Redeemable?:Yes
Call Date:6/15/2010 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:4000000
Liquidation Preference:$100
Recent Market Price:$46.95
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-53.05 (-53.05%)
Annualized Dividend:1.958774
Recent Ex-Date:12/3/2020
Current Yield:4.17%
Original Coupon:Three-month LIBOR plus 0.70% until 6/15/2011. Three-month LIBOR plus 1.70% after 6/15/2011.
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
SLM is a holding company. Through its subsidiaries, Co. originates and services Private Education Loans. Private Education Loans are education loans for students or their families that are not made, insured or guaranteed by any state or federal government. Co. has expanded its offerings to include loan products for specific graduate programs of study including the Sallie Mae Law School Loan, the Sallie Mae MBA Loan, and the Sallie Mae Graduate School Loan. Co.'s Private Education Loans include protections for the family, including loan forgiveness in case of death or permanent disability of the student borrower and on-line tutoring services for borrowers with a Smart Option Student Loan.

Preferreds: SLMBP, SLMAP


Open the SLM Information Page »
Name: 
SLM Corp.
Website: 
www.salliemae.com
Sector: 
Credit Services & Lending
Number of ETFs Holding SLM: 
68 (see which ones)
Total Market Value Held by ETFs: 
$629,320,312
Total Market Capitalization: 
$4,180,000,000
% of Market Cap. Held by ETFs: 
15.06%

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Preferreds Trading at the Largest Discounts - Slide 2 of 25 | www.PreferredStockChannel.com

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