Purchase 60 shares Colony Capital Pref H

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Recently I purchased 60 preferred shares Colony Capital H at a price of $22,48. Coupon of this preferred stock is 7,125%. As a result the yearly dividend paid on this shares is $1,78125.

At the current stock price of $22,48 this is giving me a yield of 7,92%.

The preferred H stocks are callable from 13 April 2020 so this is giving me a realistic chance that within 9 months this preferred stock will be redeemed against $25 which is over 11% above the current price.

With this purchase I add a quarterly dividend of $26,72 to my portfolio, but as a result of a possible redemption in April 2020 it’s possible that I will only enjoy the dividend payment for 3 quarters.

Purchase 50 Colony Capital Pref H & 50 Colony Capital Pref I

Today I a total of 100 preferred stocks from Colony Capital divided over 2 different series.

50 preferred shares from series H with a dividend of 7,125%. Series H are callable from 13 April 2o20. Based on a purchase price of $21,97 my yield on cost will be 8,1%.

I also bought 50 preferred shares from series I with a dividend of 7,15%. Series I are callable from 5 June 2022. Based on a purchase price of $22,55 my yield on cost will be 7,9%.

With the purchase of 50 shares of both series I add $178,40 to my yearly estimated dividend income.