ET-P-I: Energy Transfer LP 9.25% Series I Preferred Stock
Energy Transfer LP's ET-P-I is an exchange-traded preferred stock in the Natural Gas Transmission sector.
At a recent price of $11.65, ET-P-I yields 7.25% on its $9 liquidation preference and 9.25% coupon.
It trades at a premium of 27.6% to par.
The issue is cumulative, perpetual (no stated maturity), convertible.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.