No. of Recommendations: 3
For those who are looking for a preferred that has a long call protection and provides higher than treasuries, can consider WFC.PR.L.

The par is $1000 and quoting at $1538 and goes ex-dividend on 2/27 with 18.5 Quarterly dividend. The conversion price for this is $156.71 far away from current price of $45.

Alternatively, if you think the bank will survive and just be fine, you can buy the bank and get 4.5% dividend.
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