4 High-Yielding Financial Preferreds For Aggressive Investors [View article]
When I read about Hartford Financial Preferred Series F on Quantumonline it seems to say that it is mandatorily convertible into common at specified ratios depending on the price of Hartford Financial common on the call date. You don't automatically get $25 a share when it is called. If Hartford Financial's common share price is close to what it is today (about $21), it looks like you would receive considerably less than $25. Am I missing something here??
4 High-Yielding Financial Preferreds For Aggressive Investors [View article]