No. of Recommendations: 1
A number of Reit preferreds yielding 10% at par, issued 5 years ago,are being called. Recently issued ones are priced to yield about 6%+-7%. TSY has an issue with first call date 2/2009 that at its current price is yielding 9%+. Now, TSY is not among the highly rated Reit issuers, but with the common dividend presenting a safety net, if you will, this seems like a decent place to collect 9+% for almost 3 years and perhaps longer.....??? Anyone aware of a better preferred issue? Especially among the Reits?
Print the post  

Announcements

Live Video Event Monday!
The GP team is hosting a live video event on Monday at 4 p.m. ET. Don't worry if you can't make it — we'll have a replay and a transcript. Click for more!
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.