Patrick

Thornburg: Looking for Value Among Mortgage REIT Preferred Stock

I can't speak for the author, but the purpose of my comment was give some names of preferred stock issuances within the mortgage REIT world that offer attractive yields. I would never suggest that anyone purchase any security without doing his own due diligence first.

I would argue that with preferred issuances, the fair value of the stocks is less important than the underlying company's ability to pay the dividend.