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A New 8% Preferred For Those With A Moderate Risk Appetite [View article]
Grab 60% Over The Next 9 Years On This Preferred [View article]
Let's say you own an apartment building. The bank lends you money which is senior and you have a legal obligation to pay that mortgage off with interest. The bank knows what it plans to make regardless of how the project performs. Your return will fluctuate based on rent and the market. Nobody really knows what that will be like 10 years from now. At the end of the day, you will be paying the bank off regardless of how your return looks. If your apartment project defaults, then the bank takes over. So it all comes down to how much risk you want.
I personally like this note because 10 years from now, we have no idea what PSEC will look like, I am confident it will still be around, but who knows what there earnings are like. Maybe they cut there dividend. This note will guarantee you your interest payments while protecting your principal due to a forceful maturity. Hope this helps.
Also this article isn't trying to compare PSEC common against the notes, more so it's meant to give investors the ability to purchase a note where they protect their principal, similar to a CD.
Grab 60% Over The Next 9 Years On This Preferred [View article]
Grab 60% Over The Next 9 Years On This Preferred [View article]
Grab 60% Over The Next 9 Years On This Preferred [View article]
Prospect Capital's CEO Discusses F3Q 2013 Results - Earnings Call Transcript [View article]
Laws Of Cap Rate Compression And Several REITs With Mispriced Risk [View article]
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
Here is my take, I don't believe that to be likely. Interest rates have bottomed and there is only one way to go. The market has no more reason to pump up GEH any more above par since the YOC would not be worth it for anyone.
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
6.50% General Electric Preferreds - Investors Need To Be Careful [View article]
Teekay New Preferred Stock: A 7.25% Yielder Hitting The Market [View article]
As far as a decline in earnings goes, I believe long-term fleets will always be needed. There is plenty of oil in the world and a lot of it is not easily accessible. If you end up for holding for several decades, then you would essentially get your principal back in a decade assuming you compound the dividends.
New 7.50% Preferred Stock, Get In While You Can [View article]