Preferred stocks are attractive to retail investors for two main reasons. First, they tend to feature higher yields than their bond equivalents due to being lower in the capital structure and having embedded calls. And they don’t feature the discount dynamic of BDCs and CEFs which allows them to maintain a measure of relative resilience.
Below is a subset of our commentary on this market.
- Diversifying Preferred Exposure Via Funds
- A Path Forward For Libor Fix/Float Securities
- Getting A Handle On Forward Yields
- Fix/Float Securities Get A Boost
- Low Coupon Preferreds Struggle
- Advantages Of Preferreds Over CEFs
- How To Diversify Interest Rate Risk
- Opportunities in Pinned-to-Par Preferreds
- Monetize the Complexity Premium in Preferreds
- Flipping Newly Issued Preferreds
- Preferreds vs. Common Shares?
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