VNRAP Profile
VNRAP
(Vanguard Natural Resources LLC, 7.875% Series A Cumulative Redeemable
Perpetual Preferred Units) represents a type of preferred stock issued
by Vanguard Natural Resources LLC, a company focused on the
exploration, development, and production of oil and natural gas
properties primarily in the United States.
As a preferred
stock, VNRAP offers investors a fixed dividend payment that is
typically higher than the dividend payment offered by the company's
common stock. The Series A preferred units are cumulative and
redeemable, meaning that if the company is unable to pay the preferred
dividend, the unpaid amount will accumulate and must be paid before
the company can pay any dividends to its common stockholders. The
preferred units are also redeemable by the company at its discretion.
As of September 2021, VNRAP had a par value of $25 and paid a
fixed dividend of 7.875% per annum. The preferred units are traded on
the NASDAQ stock exchange under the ticker symbol VNRAP.
Investing in preferred stock like VNRAP carries significant risks,
including the potential for loss of the initial investment.
Additionally, investors should be aware that preferred stock
investments are typically less volatile than common stock investments
but may offer lower returns over the long term.
Investors
considering investing in VNRAP or any other preferred stock should
carefully consider the risks involved, including the potential impact
of interest rate changes and the company's financial performance. It
is also important to conduct thorough due diligence on the company's
management team, growth prospects, and dividend payment history before
making any investment
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