New Preferred Stock And Exchange Traded Debt IPOs, October 2024

CĪON Investment Corporation ( CION ) priced an offering of $150 million worth of new 7.5% notes due 2029, which the company may optionally redeem at par starting December 2026. The new notes received credit ratings of BBB from Egan Jones RatingsWhether you are the kind of investor who sticks with preferred stocks with a CDx3 Compliance Score rated 10 out of 10, or whether your portfolio has room for 9-score-and-lower securities, stay tuned for future articles recapping new IPOs and interesting preferred sto ...