RLJ Lodging Trust: I Don't Mind Locking In A 7.9% Yield
RLJRLJ Lodging Trust(RLJ) Seeking Alpha·2024-06-11 22:30

jewhyte/iStock via Getty Images Introduction I like the so-called 'busted' preferred shares, as the issuer can't easily call the securities. In RLJ Lodging Trust's (NYSE:RLJ) case, the preferred shares can only be called when the stock is trading at close to $90/share, and given the current share price of just under $10, I don't expect that to happen anytime soon. I have a long position in RLJ's preferred shares, which are trading with (NYSE:RLJ.PR.A) as ticker symbol, and I continue to add to this position ...