Скачать или смотреть What is going on with Exela Technologies Preference Shares? (XELA stock + XELAP stock)

Mini trading update: 26/27 March 2022 $XELA $XELAP

This week, on Wednesday exela technologies (XELA) had their preference shares go live (XELAP). Many holders and observers were probably confused by the pricing of XELAP stock when it floated. While some may have expected XELAP stock to be floated at $25 on Wednesday, its initial price was $11. This is because it’s initial float value was pegged to the XELA stock price multiplied by 20 (not the $25 liquidation value). Now that it is live, the prices are not officially linked.

At these low prices, the 6% dividend (based on the liquidation value is now actually 13% - arguably making it a more attractive purchase! Not that this is investing advice! Does this make XELAP a great dividend stock?

Thanks for watching. Remember what I discuss here is not meant to be intended as investing advice!

#exelatechnologies #xela #stocks #stockmarket