Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) — ()

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News

Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds

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Sentiment: Positive ()

I've been accumulating RC's 6.50% Series E Preferreds, amid a significant year-to-date selloff. They're trading for 62 cents on the dollar and offer a 10.5% dividend yield. RC common shares …

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image for news Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds
RCD: A Baby Bond To Sell, Not To Buy

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Sentiment: Negative ()

Ready Capital Corporation's 9.00% Senior Notes due 2029 carry high risk due to poor management and significant equity value destruction over the past decade. Despite the attractive 9% coupon, RCD's …

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image for news RCD: A Baby Bond To Sell, Not To Buy

About Invesco S&P 500 Equal Weight Consumer Discretionary ETF RCD

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Consumer Discretionary Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the consumer discretionary sector, as defined according to the Global Industry Classification Standard (GICS).