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Subject:  Re: Hybrid/Other Annuities Date:  4/17/2014  8:11 PM
Author:  tjberko Number:  35257 of 36786

I will show my ignorance by asking the meaning of PSA, certainly not the ticker symbol for Public Storage?

The poster (and I) were referring to the preferred stocks of PSA (yes, the preferred stocks issued by Public Storage). The symbol may vary depending on which site you are using, but you can check them out on Try the symbol PSA-V for example. On other sites the symbol might be psa prv, or psa-pv, or psa.prv. PSA-V currently sells at 21.67 with a quarterly dividend of 33.6 cents per share for a yield of about 6.23% annually. Preferred stocks have no maturity date like your annuity, but the company may choose to buy back your stock after September 2017. If they do, they must pay you $25 per share, so you will make a nice long term capital gain if that should happen, increasing your yield. In my opinion, this is much preferable to an annuity. It will take you 16 years to break even on the annuity and start earning anything, but with this investment, you will already have received $100,000 in dividends after 12 years, and still have your shares of PSA-A which you can sell anytime or continue to hold. You will earn much more money over your lifetime with PSA-V than with the annuity.
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