Tuesday, June 19, 2012 1:12:51 AM
In the near-term, trying to guess which (if any) will get redeemed first is too much voodoo while rates are low... once interest rates start going up on the variable yield ones (are there more than one? don't remember offhand), the higher yield ones will probably be first to get redeemed (assuming they're already being paid dividends) due to the higher cost of keeping dividends going... but what do I know, that's just the way I'd do it if I were paying outrageous dividends.
I'm a huge fan of FMCKJ for that reason... it pays 3-month LIBOR + 4.16%, with a 7.875% floor. LIBOR rates were 5%+ as recently as 2007, and even at 0.5% now, it's $2 per share per year with the floor. And it's still trading under $2 now, but not for much longer. Ka-ching if it divis, ka-ching-o-rama if it redeems, and ka-ching-o-rama-ding-dong if it divis for a few years at higher rates and then redeems ;)
These are going to be win-win stocks in very short order, here.
I have a social disorder (although it's not quite full blown Asperger's), and can come across differently than intended...if you're offended by something I've said, I probably didn't mean it with such animosity - please take it with a grain of salt. :)
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM