On Friday, Shift4 Payments Inc’s 6.00% Series A Mandatory Convertible Preferred Stock (FOUR.PRA) was yielding above 7%, with shares trading as low as $79.21. The stock is currently at a 13.80% discount to its liquidation preference amount. The preferred shares are convertible with a conversion ratio of 0.9780 – 1.2224. In trading, FOUR.PRA is down by about 6.8%, while common shares (FOUR) are down by about 3.7%. This information is provided by Preferred Stock Channel.

Read more at Nasdaq.: Shift4 Payments’ Series A Preferred Stock Shares Cross 7% Yield Mark