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Good for you, I have owned both WFC-L & BAC-L for a few years now, bought at much higher prices around $1,170. I do not intend to sell. Even if the conditions make a mandatory conversion possible, the conversion will still be worth about $1,300. I intend to add to my holdings if it swings...

ALL-B Mulligan, I have a small amount of ALL-B, and waiting to see what's going to happen after next week. if they had wanted to avoid the reset this coming weekend, they would have announced a call weeks back - and they didn't ( i think ) so we get to have at least a month to enjoy the...

It is difficult to consider buying any kind of equity at this point in time. Growth stocks have been clobbered, and the future sure does not look great if the economy stagnates and/or contracts. Preferred Stock and Bonds don't look so hot either. The prospect of another 2 ( or more ) 0.5%...

What was the reason for the huge drop of QRTEP yesterday? Unfortunately, I got caught.

Have been busy lately, so have not been active on forumas. Anyway, here's hoping everyone is well, and not too badly hit by the carnage in Income stocks since the beginning of the year. Bought a couple issues recently at what I thought were good prices, only to see almost all of them drop...

I was able to enter a GTC buy order for SLMNP at Schwab. So just stuck in a very lowball bid for the fun of it. If it ever assigns, it will remain in the IRA and be passed onto my heirs for whatever they can salvage, LOL. :laugh:

I'm holding onto QTREP as well. Bought just under par. If it gets down to the low 100's I may add more.

Yeah, that is what I have done. GTC order at $102.75. If it hits, great. If not, life goes on. :dance:

Mulligan, I also own IPWLK, but far less than you. Have you any concerns at all about the likelihood of a call? the call price is $100, so you could lose a couple of dollars should a call occur. I have been toying with the idea of adding more, but the premium of about $3 over par...

As Mulligan says, " pinned to par " preferreds past first call tend to have lower volatility than those call protected ones when rate worries hit. I have been accumulating DTJ and RNR-E as these are all pinned to par and should not deviate much from their current price - but tradeoff is that...

Youbet, Equity Commonwealth ( EQC ) is merging with MNR, transaction to be completed in 2H of 2021. Link is provided below: The next dividend is assured, but after that it will depend on when they can get the transaction completed. I also hold several hundred MNR-C, but am holding on...

bobandsherry, ALLY-A is the 8.125% series that will be called in part or whole. The ALLY-B is a former issue that was called in 2016, so no longer exists. This new issue on the Prospectus is referred to as Series B, so I think it will be known as ALLY-B as and when it comes out.

I will feel the pain come Monday. I own 2800 shares, average cost basis of $27. :yuk::(:dead:

I hold AILLL in a Schwab Account, have not received anything from them. Well, guess we will find out for sure next week. It does seem very unusual that the company has not put out any news, announcement or press release concerning this.

I own several of the Ameren Preferreds. I, too cannot find anything. Hope that Fidelity is wrong. Just have to wait and see.

Bought QRTEP at around the same time as Winemaker; paid $99.98. Doubled my holding. Rising rates doing some gut punches to my portfolio. At least the income stream is not affected. :(

Fiiso, wfc-l, bac-l, ailll, ailim, cnlpl, cnthp, ipwlk, qrtep, aprdo, ipldp, ktba, mnr-c, rnr-e, cbklp, bgepf, cnigp

Congrats on a great buy, MRG. It looks like the entire sector is on a roll, and likely ongoing, if the new Admin continues to give out signals of relaxing restrictions on Pot. Gotta look at TLRY.

KC, I bought 6000 shares at an average price of $0.71. Then I sold covered calls for them, at $1 strike for Feb 12. With the rise today, my calls would likely be assigned this Friday, so I rolled some of them out to 2/26, for a credit. Sure has gone up pretty fast. wasn't expecting...

Mul, you are correct! yet another indication of my advancing age :( CNIGO is not callable until maturity date, in Sept 2023 Heck, I don't trust myself to remember such things anymore, sigh....:blush:

Count me among the ignorant masses who had no idea of CNIGP 1.2 multiplier. In fact, I was not even aware of the existence of a multiplier, LOL. I own the non-convertible issue CNIGO, which has come down a bit since the news. Not that it matters, I fully intend to hold until maturity date...

With the new administration, am expecting resistance to legalizing Cannabis to be relaxed, and together with urgent need for State Revenues, many if not all states will look to legalizing as well. Friends have mentioned a beaten down stock, Sundial Growers as a possible investment for the...

pb, Call risk is exceptionally high with this issue, I expect a call soon. It is way past FC, recent rumblings out of the company have raised call concerns. I do not know the exact details, but Mulligan is usually on top of these things, so I hope he will chime in and provide the...

The recent jumps in the 10 yr UST rate has caused some panicky knee jerk reactions in the preferred/income sector. Might be a good time to watch if buying opportunities emerge. For example, POWER REIT Pfd, PW-A, now down to $25.30 or so. Accrued interest plus the 30 day notice is about...

I have owned PPX for a while now, bought just a shade over par. So I'm comfortable sitting on this one until redemption or maturity, whichever comes first. I agree with Mulligan that at its present price of $26.20, call risk is too high, and I would not be a buyer at this level unless I had...