No. of Recommendations: 8
At the expense of sounding nit-picky, preferred stock are not 'called', they are 'redeemed', and there is a difference. 'Call' is what happens to some bonds and it will be based primarily on the price of the bond. Redemption has nothing to do with price, but is based upon management's projected cost of capital.

Not really. "Redeemed" and "called" are used pretty interchangeably when preferreds are redeemed. For instance, here's PSA's announcement about PSA-Y https://investors.publicstorage.com/file/Index?KeyFile=39684...

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.375% Cumulative Preferred Shares, Series Y

Company Release - 2/22/2019 4:02 PM ET

GLENDALE, Calif.--(BUSINESS WIRE)-- Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 6.375% Cumulative Preferred Shares, Series Y (NYSE:PSAPrY) on March 28, 2019 at $25 per depositary share. The aggregate redemption amount to be paid to all holders of the depositary shares is $285,000,000.


As you can see, they are 'calling for redemption' and it's pretty common for that action to be referred to as 'calling' the stock, as you can see from the quantumonline page for PSA-Y: http://www.quantumonline.com/search.cfm?tickersymbol=PSA-Y&a...
Security has been Called for: Thursday, March 28, 2019

Additionally, the first date that preferreds can be redeemed is commonly known as the 'call date' - as evidenced by looking at quantumonline pages for preferred stocks. Even the Preferred Stock Channel screener that you provided a link to has a filter for "Time to call date:"

AJ
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.