Summary
- Overview of Stifel Financial Corp.'s new preferred stock, SF-B.
- A brief look at the company.
- Comparison of the sector.
- Comparison with all other BB- preferred stocks.
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Introduction
In this article, we want to shed light on a new Preferred Stock issued by Stifel Financial Corp. (NYSE: SF).
Our goal is purely to inform you about the product, while refraining ourselves from an investment recommendation. Even though the product may not be of interest to us and our financial objectives, it definitely is worth taking a look at.
The New Issue
Before we submerge into our brief analysis, here is a link to the 424B2 Filing by Stifel Financial Corp. - the prospectus. (Source: SEC.gov)
For a total of 6 million depositary shares issued, the total gross proceeds to the company are $150 million. You can find some relevant information about the new preferred stock in the table below:
