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Pennsylvania Real Estate Investment Trust's Series C Preferred Shares Crosses Above 11.5% Yield Territory

In trading on Thursday, shares of Pennsylvania Real Estate Investment Trust's 7.20% Series C Cumulative Redeemable Perpetual Preferred Shares (PEI. RC) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $1.80), with shares changing hands as low as $6.27 on the day.
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