JonD

Recognizing Leverage In The CEF-PGF Comparison

good point. yes, where is the yield for PGF?

it looks like BPP might have lower credit quality and the majority of its holdings are categorized as "other" whereas PGF is all financials (both according to ETFConnect.com).

I own Nuveen's JPS, yielding 7.5% today, nearly the same as BPP's 7.6%, but at only a 1.28% premium vs. BPP's 7.13%. Also, relative to BPP, JPS is more diversified (by industry), has slightly lower leverage (31.44% vs. 33.80%) and a lower fee structure (.96% vs. 1.26%). all according to ETFConnect.com. no data on JPS's credit quality.

i own a couple of Nuveen CEFs - (JPS and JRO) --- generally speaking, I think they are cheaper than like product from BlackRock - don't know why. perhaps b/c of the greater publicity from the Merill Lynch merger.

and I prefer them to PGF, too, for reasons you already highlighted.

PowerShares' Preferred Stock ETF Just Doesn't Stack Up

ever heard of "leverage"?