Does anybody own any “Buy and Holds” that are now in buying range?
Heh, I jumped in on RLJ-A as well, but paid 2 cent more premium than you did. I've been moving more of my "play" account to preferred holdings. I looked that DOW/S&P gave me a nice run and looked that 7-8% return is good place to pull some of the recent "wins".I got in on RLJ-A on Thursday at 25.09 and 25.10. Its already jumped to 25.50.
Heh, I jumped in on RLJ-A as well, but paid 2 cent more premium than you did. I've been moving more of my "play" account to preferred holdings. I looked that DOW/S&P gave me a nice run and looked that 7-8% return is good place to pull some of the recent "wins".
Right now I'm holding AHT-F (bought early Feb for just over $20 and already have 8% gain), CHMI-B, CIM-D, GLP-A, GMLPP, NSS, and RLJ-A.
I've looked and see no online option through either of my broker accounts to dip into EBGEF as neither shows that as valid ticker, most likely due to only trading on a Canadian exchange.I dont know if I will hold, Bob, but the price was right. Its really not bad for a hospitality reit. My float has really turned over. My biggest holding is now EBGEF which will roll into over 6..7% yield on my recent purchase price of about $19.80 for this BBB- issue. Over a third of my shares now in various Canadian resets though a lot is still US currency based despite trading on TSX.
I dropped a message to broker, they responded that it's available to trade. Sure enough, it shows there now.That is odd, Bob. EBGEF is actually the US OTC ticker symbol for the issue. Its the Enbridge Series 5 issue. It pays USD to avoid currency issues. Yes, USD on the Canadian exchange. It just became tradable on OTC last week. It just complete first 5 year reset effective Mar. 1. I bought through TD and Vanguard with no problems. I suspect your brokerage hasnt put ticker in database.
I dropped a message to broker, they responded that it's available to trade. Sure enough, it shows there now.
If interested here are the vitals.
https://www.enbridge.com/~/media/Enb/Documents/Investor Relations/2013/Pref 5 Prospectus.pdf
Here is the official reset notice
https://www.marketwatch.com/press-r...and-announces-reset-dividend-rates-2019-01-30
Remember the 15% holdback you have to file for if owned in taxable. A few people have bought Enbridge preferreds recently and we all just got paid in past few days. I bought in taxable but they did in tax free and said that the treay was followed and no 15% was withheld in their tax free account.
In my tax deferred account, the foreign tax was paid on the dividend I received.
Well, can not complain about this round trip..
Bought 2000 HJV on 2/19 at 7.35, sold today for 7.35... pocketed $1750 divi
Enbridge, Aja? That is odd that someone would and someone wouldnt. That would appear to be a brokerage issue. I have pretty much all mine funneled out in taxable. ERRAF withheld it in my Roth. Im still holding them and waiting to get a new brokerage taxable account to move them as I am roadblocked as other brokerages cant trade it..My FTRSF was in tax free and nothing was withheld from it. I just dont want to play the game and eventually getting them all in tax free. The withholding will help pay down my taxes I will owe at end of year for me.
Well, can not complain about this round trip..
Bought 2000 HJV on 2/19 at 7.35, sold today for 7.35... pocketed $1750 divi
If one is sitting on cash, consider buying ALL-E under 25.41. Just went past call at a bloated 6.62% yield. Next divi going exD is end of month. They just declared divi recently with no call announcement. Prospectus states they will only redeem on payment date. So this seems pretty easy to pluck a divi before next possible call.
Gonna play again Texas, or are you leaving the scene of the crime for good?
I'm looking at that one. There aren't too many investment grade preferred bargains. I'm probably going to dump my COF-PD (6.7% QDI). I picked it up just below par in December and collected my first dividend this month. It has call protection until December 2019 and it closed at $26.21. The capital gain would almost cover the next three payments. I could buy something else or float the proceeds in a money market fund yielding 2.3% until the next program induced selloff. I will continue to hold COF-PF, LMHA, and others that are protected through 2020. The best case scenario would be to sell COF-PD above $26.20 and pick up ALL-PE closer to par.
Freedom, Im afraid I may have hit a dry hole here. I guess I will know soon. I am not used to companies announcing their divi late and then slapping a quick call notice on me. I found out All State did this last fall. Three days after declaring. I didnt know that. So it really has to survive another week. And as stiff as the price has been right on divi plus par, that may be a telling sign. I know its a DOA issue but was trying to sneak in a quick divi before a redemption.
That is pretty dire prediction, Freedom. I guess it depends on what preferreds you are referencing though. There are none of mine heading to zero though.