SLM's Preferred Stock, Series B Shares Cross 5% Yield Mark

In trading on Monday, shares of SLM Corp.'s Floating-Rate Non-Cumulative Preferred Stock, Series B, par value $0.20 per share (SLMBP) were yielding above the 5% mark based on its quarterly dividend (annualized to $3.3004), with shares changing hands as low as $66.00 on the day. As of last close, SLMBP was trading at a 30.46% discount to its liquidation preference amount..
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