TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 (NASDAQ:TPGXL – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 5,654 shares, a decline of 58.6% from the May 31st total of 13,655 shares. Based on an average daily volume of 23,525 shares, the days-to-cover ratio is currently 0.2 days.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Trading Down 1.4%
Shares of NASDAQ TPGXL traded down $0.32 during mid-day trading on Monday, reaching $23.02. The company had a trading volume of 2,654 shares, compared to its average volume of 23,725. TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 has a 52 week low of $22.34 and a 52 week high of $26.25. The business’s 50-day moving average is $23.94 and its 200-day moving average is $24.53.
TPG Operating Group II, L.P. 6.950% Fixed-Rate Junior Subordinated Notes due 2064 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.4344 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.74 dividend on an annualized basis and a dividend yield of 7.5%.
TPG Operating Group II, L.P. is a special purpose issuer affiliated with TPG Capital, a global alternative asset management firm. Established to raise capital for TPG’s diversified investment platform, the partnership draws on TPG’s experience in private equity, growth equity, real estate and credit. While TPG Operating Group II, L.P. itself does not manage investment funds directly, it serves as the issuing entity for debt securities used by TPG’s broader corporate and investment structure.
In November 2014, the partnership issued its 6.950% Fixed-Rate Junior Subordinated Notes due 2064, which trade under the ticker symbol TPGXL on the NASDAQ.
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