There's little to fear from falling prices for pfd holders invested for long term income I started trimming issues that have YTC below <6.5% and some of the "callable anytimes" that are at least 0.50c more than par+accrued dividend.So far able to deploy the cash though with lesser quality and lesser yield.I am waiting for opporunitiies to pick some around par and at least $7 to $7.5% yield. I am not expecting the interest rates to go up anytime soon.
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