Where Are The Best Opportunities In Preferred Shares? | Seeking Alpha
This is an excellent article on preferred share CEFs. I particularly like FFC, and I plan to buy a position Monday morning. The fund pays more than 8% annually although fees will probably drop the net income to around 7%. However, this is more income than PFF is paying now, and it is one of the most popular preferred stock funds. I believe everyone should hold preferred stocks as part of a balanced portfolio. Also, nobody knows when the general stock market will recover from its most recent decline. We might as well be paid while we wait.
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