No. of Recommendations: 1
Not much under par at this point from my understanding, or at least not enough to interest me.

Thing about preferred: they may pay dividends when the common doesn't, or they may be "cumulative" so if the dividends are suspended, you would receive the suspended dividends if payment is resumed. But preferred has no fixed claim on assets like a bond. If a company goes BK, the preferred guys have only a slightly better chance of getting anything that the common guys.

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