Deutsche Bank preferreds sink; Athene weaker; Public Storage trades higher

By James McCandless

San Antonio, July 8 – The preferred space was mixed across the board at the beginning of a new week.

At the top of activity, Deutsche Bank Contingent Capital Trust V’s 8.05% trust preferred securities and Deutsche Bank Contingent Capital Trust II’s 6.55% trust preferred securities sunk.

Meanwhile, retirement name Athene Holding Ltd.’s 6.35% series A fixed-to-floating rate perpetual non-cumulative preference shares were also down.

REIT Public Storage’s 4.95% series D cumulative preferred stock spent the session moving higher.

Sector peer Annaly Capital Management, Inc.’s 6.75% series I fixed-to-floating rate cumulative redeemable perpetual preferred stock improved.

Elsewhere, shipping name Triton International Ltd.’s 8% series B cumulative redeemable perpetual preference shares rose.

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