No. of Recommendations: 2
>>Anyone have an opinion on Vornado preferreds (It's REIT), yielding over 8%.<<


The VNO Pfd-C is callable at any time at $25.00. The next dividend $0.53125 is payable 1/1/2005. If you bought it at today's close of $25.50 and they called between now and 1/1, you could lose money.

The VNO Pfd-E is not callable until 8/20/2009. At today's close of $25.30 it has a yield of 6.99%. The yield-to-call would be slightly less.

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