No. of Recommendations: 4
CBLPRE is now trading on the NYSE. I sold all my CBLPRD today for 25.36 and replaced them with CBLPRE for which I had to pay 25.16. It is expected that CBLPRD will be called and I have now locked in another preferred until 2017 but of course at a lower yield. If CBLPRE follows the course of other recently issued preferred stocks I would not be surprised to see it trading in the 25.75 range.

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