Peak Resources LP Stock Price, News & Analysis

The ticker symbol PRB is used on the New York Stock Exchange as a suffix to identify certain Series B preferred stock depositary shares issued by different companies. In the available information, PRB appears in connection with preferred stock of First Horizon Corporation (traded as FHN PRB), Global Net Lease, Inc. (GNL PRB), and Boston Properties, Inc. (BXP PRB). These securities are preferred equity instruments rather than common stock and are typically associated with specific dividend and redemption terms described by each issuer.

First Horizon Corporation – Series B Depositary Shares (FHN PRB)

According to a company announcement, First Horizon Corporation stated that it would redeem all outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B and all related outstanding depositary shares, each representing a 1/400th interest in a share of the Series B Preferred Stock, identified as NYSE: FHN PRB. The company indicated that after the redemption date, no shares of Series B Preferred Stock and no Series B Depositary Shares would remain outstanding.

First Horizon Corporation described itself as a regional financial services company with a banking subsidiary, First Horizon Bank, operating in multiple states across the southern United States. It reported that it and its subsidiaries offer services that include commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. The company is headquartered in Memphis, Tennessee.

Global Net Lease, Inc. – Preferred Stock (GNL PRB)

Global Net Lease, Inc. referenced GNL PRB as one of its NYSE-listed securities in a communication discussing its credit facility. Global Net Lease identified itself as a publicly traded real estate investment trust (REIT) focused on acquiring a diversified global portfolio of commercial properties. It stated that it emphasizes sale-leaseback transactions involving single-tenant, income-producing net-leased assets across the United States, Western Europe, and Northern Europe. The mention of GNL PRB in that context indicates that PRB is used as a preferred stock series identifier for the company.

Boston Properties, Inc. – Series B Preferred Stock (BXP PRB)

Boston Properties, Inc. reported that it had 5.25% Series B Cumulative Redeemable Preferred Stock and corresponding depositary shares, each representing 1/100th of a share of the Series B Preferred Stock, which traded as NYSE: BXP PRB. The company stated that on a specified date it redeemed all outstanding shares of this Series B Preferred Stock and the related depositary shares.

Boston Properties described itself as a fully integrated real estate company organized as a REIT and as the largest publicly traded developer, owner, and manager of Class A office properties in the United States. It noted that its portfolio is concentrated in six markets: Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC, and that it develops, manages, operates, acquires, and owns a portfolio of primarily Class A office space.

Understanding PRB as a Preferred Stock Identifier

Across these examples, PRB functions as a series label for preferred stock rather than as a standalone operating company. Each issuer defines the dividend rate, redemption terms, and depositary share structure for its own Series B preferred stock. Investors examining PRB-related securities should therefore refer to the specific company—such as First Horizon Corporation, Global Net Lease, or Boston Properties—and review that issuer’s disclosures for details on dividend policies, redemption provisions, and tax treatment.

Investment Trusts / Mutual Funds Classification

The symbol PRB is classified here under Investment Trusts/Mutual Funds in the Miscellaneous sector, but the available source documents instead show PRB being used as a preferred stock series designation for multiple issuers. Based on the provided information, there is no single standalone operating company described solely as "PRB"; rather, PRB appears as part of the ticker for preferred stock of other listed entities.