No. of Recommendations: 0
First off see my earlier post on preferreds as investment vehicles...

You didn't make specific what kind of information you are looking for. If it is call dates, coupons, conversion, par, or participation amounts of a specific issue relative to analysis of that issue, there are multiple sources.

First, I'd check the companies web site as they may have the IPO prospectus for the preferred issue. This will of course contain all of that fun information available for you to analyze, in an easy to read format, assuming of course you have a degree in Finance or Accounting and your ChFA. If the company doesn't have it on their web site, you can check Edgar, but Edgar only required electronic filing since 1993-1995 (depending on the company). If its an older preferred issue the IPO prospectus won't be there; however, if you check the latest 10-K of the company, much of the information should be located in the notes to financial statements.

Now if you are looking for stock screens on preferred issues and not information on a specific issue -- good luck. I haven't yet found one, for pay or free, but would like to know if anyone does. I believe barrons (the old fashion paper type) does publish a listing of preferred issues trading on the NYSE weekly, and that may be a good place to start looking.

Preferred issues, unlike common stock, have much more in common with bonds, and trade much more like bonds, with brokers holding inventory in some cases and with most preferred issues not available to the public but rather in private placements. The publicly traded preferred stock isn't easly screed because in many cases every preferred stock is unique, and may have very little in common with another in terms of risk or potential reward, or the nature of the security.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.