Bank of Hawaii Series A Preferreds Outperform Series B

Bank of Hawaii's Series A preferred shares (BOH.PR.A) offer a ~6.9% yield and trade at a discount to par, while Series B (BOH.PR.B) has a higher ~8% coupon but trades above par with an inferior yield-to-call of ~6.78%. Series A is rated a buy due to superior risk-reward and dividend coverage.