The IIAC has released its Equity New Issues and Trading 2Q08 Report:
Preferred share issuance continued to rise with $2.3 billion in capital raised — up 59% from Q1 and 49.2% from a year ago (Chart 4). For the second straight quarter we saw increased issuance from financial institutions in measures to beef up their balance sheets in the wake of a series of write downs in the sector.
Hat Tip: Streetwise Blog.