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Yes, we already have a Bond and Fixed Income board, pretty well established, where preferred issues are usually discussed. There is also an Investing for Income board where preferred issues are sometimes discussed.

I agree wholeheartedly with BRG. The Reit board does include some first rate discussions of Reit Preferred issues. I think they are a special class, but that is one area where you can still get high yield and often below call.

There are also the ABS issues, posted on the Bond board in message 7693, where you can get 8% or so on BBBs still priced below call. The ABS issues are included in the Wall Street Journal Preferred list, but some would class them as long bonds. They are usually preferreds issued by special trusts that derive their income from a specific long bond.

A key advantage the preferred issues and ABS issues have over corporate bonds is you can trade them on the NYSE at discount broker commissions and avoid the hassles of unreasonable dealer mark-ups for small bond transactions. They are however often thinly traded. So you are dealing with the specialist in many cases. That means avoid market orders if you can.
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