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Finance & Markets

Global Net Lease's Series C Preferred Stock Shares Cross 8.5% Yield Mark

In trading on Friday, shares of Global Net Lease Inc's 7.375% Series C Cumulative Redeemable Perpetual Preferred Stock (Symbol: GNL.PRE) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $1.8438), with shares changing hands as low as $21.40 on the

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Sterling Financial Holdings relists on NGX at N77.00 after 1-for-10 reconstruction

Sterling Financial Holdings Company Plc has completed its 1-for-10 share reconstruction and resumed trading on the Nigerian Exchange at a reference price of N77.00, up mechanically from N7.70 before…

  • Sterling Financial Holdings relists on NGX at N77.00 after 1-for-10 reconstruction
  • Share reconstruction reduces outstanding shares by 90% from 68.50 billion to 6.85 billion
  • Reconstruction approved by shareholders at AGM following High Court order and SEC clearance

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