Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Other reference links in prior investopedia.com post.
From a private email I just received, FYI:
"I just received an email from Sandy as well telling me that the correct CUSIP for BKMPP is 09250L200."
The subject of r/s of preferreds was NOT mentioned.
Harry
OK, please change my number to .ooo1,It took me some time to catch happy hour.Whith .0001 i will purchase a lifetime membership and take some english classes. lol
Thanks, TBnfl4sun
tbn. Drop a dozen zeros and I'll take your post seriously. eom...
What happens if bkmpp wont trade and they mail the certs like ameritrade has stated.IF They declare a cash divi of .ooooooooooooooooooooo1 lol ? how do you get the cash?
BKMPP - Etrade Updated my account
Now waiting for symbol change
PP
BKMPP....email from Sandy
I have no idea when they will start trading. I think peole need to start to post bids and asks so they will start trading.
Regards,
Sandy
Hello,
When will the bkmpp shares start trading?? Some people have them in their accounts but can't trade them yet. Please let me know!
Thanks
Shareholder
Can someone tell me what the hell this is:
WHEREAS, IFL Stockholders holding shares of Series A Preferred Stock of IFL (“IFL Preferred Stock”) have agreed to convert their shares of IFL Preferred Stock into shares of common stock of IFL immediately prior to the consummation of the Merger;
Investopedia.com Preferred Stocks with Related Links,
for reference.
http://www.investopedia.com/terms/p/preferredstock.asp
hey strong. . good luck to ya!
anyone have a list of tradable pfd's to add to
the info box?
But is it actually trading yet?
BKMPP Blackout Media Corp. Preferred Stock 09/29/2006
Effective Date 09/29/2006
13:35 BKMPP Blackout Media Corp. Preferred Stock 09/29/2006
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=NON-OTCBB&d=09/28/2006
effective date
"The date, declared by the Securities & Exchange Commission (SEC), on which shares can start trading. This usually refers to the date when shares become available for sale in an initial public offering.
The effective date occurs approximately 20 days after the security is registered with the SEC, giving time for the SEC to review the registration. The registration will be either accepted or rejected by the twentieth day or earlier. Amendments can be made to the registration if the SEC deems that changes are necessary. If the items in question are not modified, the registration process is not completed"
http://www.investopedia.com/terms/e/effectivedate.asp
OGBY.PK Preferred Stocks news is out
Oglebay Norton Company To Redeem All Remaining Issued and Outstanding Shares of Its Preferred Stock
Thursday September 28, 5:52 pm ET
CLEVELAND, Sept. 28 /PRNewswire-FirstCall/ -- Oglebay Norton Company (OTC Pink Sheets: OGBY.PK - News) today announced that it has initiated the redemption of all remaining issued and outstanding shares of its 14.8275% Series A Convertible Preferred Stock. Holders of shares can either redeem their shares for cash of $14.02 per share or convert each preferred share into 1.2748 shares of common stock. The redemption date has been set for October 30, 2006. Conversions of called shares must be completed no later than 5:00 p.m. on October 23, 2006, in order to avoid redemption.
ADVERTISEMENT
(Logo: http://www.newscom.com/cgi-bin/prnh/19990901/CLW017)
Over the past several months, Oglebay Norton has initiated redemption of 5,823,066 shares of the preferred stock, the vast majority of which have converted to common stock. On October 2, 2006, there will be 11,222,236 shares of common stock outstanding and 2,478,229 shares of convertible preferred stock outstanding.
Oglebay Norton Company, a Cleveland, Ohio-based company with a 150-year tradition of service, provides essential minerals and aggregates to a broad range of markets, from building materials and environmental remediation to the energy and metallurgical industries. For more information, see www.oglebaynorton.com.
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Source: Oglebay Norton Company
SPG Preferred Stock News is out
Press Release Source: Simon Property Group, Inc.
Holders of Simon Property Group Series I Preferred Stock May Elect to Convert During 2006 Fourth Fiscal Quarter
Friday September 29, 7:30 am ET
INDIANAPOLIS, Sept. 29 /PRNewswire-FirstCall/ -- Simon Property Group, Inc. (the "Company") (NYSE: SPG - News) today announced that holders of the Company's Series I 6% Convertible Perpetual Preferred Stock (NYSE: SPGPrI - News; "Preferred Stock") may elect to convert their shares during the quarter beginning on October 2, 2006 and ending on December 29, 2006 because the closing sale price of the Company's Common Stock exceeded $79.37, or 125% of the applicable conversion price, for at least 20 trading days in a period of 30 consecutive trading days ending on the last trading day of the prior quarter, September 29, 2006. At the current conversion price, each share of Preferred Stock is convertible into 0.78745 of a share of Simon Property Group Common Stock.
ADVERTISEMENT
For further information, holders of the Preferred Stock should contact Mellon Investor Services, LLC, the conversion agent (toll free) at 1-800-957-3110, or their respective banks or brokers. Copies of documents necessary to effect tender of Series I Preferred for conversion may be obtained without charge from the conversion agent.
About Simon Property Group
Simon Property Group, Inc., an S&P 500 company headquartered in Indianapolis, Indiana, is a real estate investment trust engaged in the ownership, development and management of retail real estate, primarily regional malls, Premium Outlet® centers and community/lifestyle centers. The Company's current total market capitalization is approximately $44 billion. Through its subsidiary partnership, it currently owns or has an interest in 284 properties in the United States containing an aggregate of 200 million square feet of gross leasable area in 38 states plus Puerto Rico. Simon also owns interests in 52 European shopping centers in France, Italy, and Poland; 5 Premium Outlet centers in Japan; and one Premium Outlet center in Mexico. Additional Simon Property Group information is available at http://www.simon.com . Simon Property Group, Inc. is publicly traded on the NYSE under the symbol SPG.
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Source: Simon Property Group, Inc.
preferred stock From Wikipedia, the free encyclopedia
A preferred stock, also known as a preferred share or simply a preferred, is a share of stock carrying additional rights above and beyond those conferred by common stock.
Contents [hide]
1 Rights
2 Users
2.1 Canada
2.1.1 Canadian issuers
2.1.2 Canadian investors
2.2 United Kingdom
2.2.1 United Kingdom issuers
2.3 United States
3 Common types
4 Notes
5 External links
[edit]
Rights
Unlike common stock, preferred stock usually has several rights attached to it:
The core right is that of preference in dividends. Before a dividend can be declared on the common shares, any dividend obligation to the preferred shares must be satisfied.
The dividend rights are often cumulative, such that if the dividend is not paid it accumulates in arrears.
Preferred stock has a par value or liquidation value associated with it. This represents the amount of capital that was contributed to the corporation when the shares were first issued.
Preferred stock has a claim on liquidation proceeds of a stock corporation, equivalent to its par or liquidation value. This claim is senior to that of common stock, which has only a residual claim.
Almost all preferred shares have a fixed dividend amount. The dividend is usually specified as a percentage of the par value or as a fixed amount. For example Pacific Gas & Electric 6% Series A preferred. Unlike debt securities, however, a company is not legally required to pay preferred dividends and will not be in default for missing a preferred dividend payment.
Variable preferreds are rare exceptions; their changing dividends depend on prevailing interest rates, or varying as a percentage of net income.
Some preferred shares have special voting rights to approve certain extraordinary events (such as the issuance of new shares or the approval of the acquisition of the company) or to elect directors, but most preferred shares provide no voting rights associated with them. Some preferred shares only gain voting rights when the preferred dividends are in arrears.
Usually preferred shares contain protective provisions which prevent the issuance of new preferred shares with a senior claim. This results in corporations often having several series of preferred shares that have a subordinate relationship.
The above list, although including several customary rights, is far from comprehensive. Preferred shares, like other legal arrangements, may specify nearly any right conceivable. Some corporations contain provisions in their charters authorising the issuance of preferred stock whose terms and conditions may be determined by the board of directors when issued. These "blank check" preferred shares are often used as takeover defense. These shares may be assigned very high liquidation value that must be redeemed in the event of a change of control or may have enormous supervoting powers.
[edit]
Users
Preferred shares are more common in private companies, where it is more useful to distinguish between the control of and the economic interest in the company. Also, government regulations and the rules of stock exchanges discourage the issuance of publicly traded preferred shares. For example the Tel Aviv Stock Exchange prohibits listed companies from having more than one class of capital stock. [citation needed]
A single company may issue several classes of preferred stock. For example, a company may undergo several rounds of financing, with each round receiving separate rights and having a separate class of preferred stock; such a company might have "Series A Preferred", "Series B Preferred", "Series C Preferred" and common stock.
[edit]
Canada
Preferred shares represent a significant portion of Canadian capital markets, with over CAD 5-billion in preferred share issues in 2005[1].
[edit]
Canadian issuers
Many issuers are financial organizations that may count capital raised in the preferred share market as Tier 1 capital, provided that the shares issued are perpetual. Another class of issuer are "Split Share Corporations".
[edit]
Canadian investors
Investors in Canadian preferred shares are generally those who wish to hold fixed-income investments in a taxable portfolio. Preferential tax treatment of dividend income, as opposed to interest income, may in many cases result in a greater after-tax return than might be achieved with bonds.
[edit]
United Kingdom
[edit]
United Kingdom issuers
Perpetual non-cumulative preference shares may be included as Tier 1 capital. Perpetual cumulative preferred shares are Upper Tier 2 capital. Dated preferred shares (normally having an original maturity of at least five years) may be included in Lower Tier 2 capital.[1]
[edit]
United States
In the United States issuance of publicly listed preferred stock is generally limited to financial institutions, REITs and public utilities. Because in the US dividends on preferred stock are not tax deductible (like interest expense), the effective cost of capital raised by preferred stock is 35% greater than issuing the equivalent amount of debt at the same interest rate. This has lead to the development of TRuPS (Trust-preferred security) which are essentially debt instruments with the same properties as preferred stock.
However, with a dividend tax of 15% and a top marginal tax rate of 35%[2], one dollar of dividend income taxed at these rates provides the same after-tax income as approximately $1.30 in interest.
The size of the preferred stock market in the United States has been estimated as USD 200-billion, as of August, 2006, compared to USD 16-trillion for equities and USD 5-trillion for bonds[3].
[edit]
Common types
There are various types of preferred stocks that are common to many corporations:
Cumulative Preferred Stock - If the dividend is not paid, it will accumulate for future payment.
Non-cumulative Preferred Stock - Dividend for this type of preferred stock will not accumulate if it is unpaid. This type is very rare, because the payment of dividends is always at the discretion of the board of directors.
Convertible Preferred Stock - This type of preferred stock carries the option to convert into a common stock at a prescribed price.
Participating Preferred Stock - This type of preferred stock allows the possibility of additional dividend above the stated amount under certain conditions.
Perpetual Preferred Stock - This type of preferred stock has no fixed date on which invested capital will be returned to the shareholder, although there will always be redemption privileges held by the corporation.
Puttable Preferred Stock - These issues have a "put" privilege whereby the holder may, after a date specified in the prospectus, force the issuer to redeem the shares at par. Such retractions are classified as "hard" (the holder will receive cash) or "soft" (the holder will receive common shares of the issuer).
[edit]
Notes
^ FSA Handbook, PRU 2.2 Capital resources Accessed July 31, 2006
^ CCH Incorporated Marginal and Effective Tax Rates Accessed September 18, 2006
^ Standard & Poors
[http://www2.standardandpoors.com/spf/pdf/index/PreferredStock_whitepaper.pdf A Short Guide to Preferred Stocks and the S&P U.S. Preferred Stock Index] Accessed September 18, 2006
http://en.wikipedia.org/wiki/Preferred_stock
Love the "New House"! Let's get realtor over to sell it!
Harry
preferred stocks be traded like common stocks? Are their prices the same?
--------------------------------------------------------------------------------
First, let's look at the differences and similarities between common stocks and preferred stocks. Both represent a piece of ownership in a company, and both are tools investors can use to try to profit from the future successes of the business. The main difference between the two types of stock is that holders of common stock typically have voting privileges, whereas holders of preferred stock do not. However, preferred stockholders receive a fixed dividend from the company, while common shareholders may or may not receive one (depending on the decisions of the board of directors). In the newspaper, preferred shares are usually distinguished by a ".PR" or ".PF" following their ticker symbol. (For more comparisons, see What is the difference between preferred stock and common stock?)
When valuing common and preferred stocks, an investor must consider the different properties of each type. Common stock may not offer the possibility of dividends, but generally investors will hold this type of stock because they are expecting to capture profit through a capital gain, or an increase in the stock price. Preferred stockholders, on the other hand, are generally interested in receiving a constant cash flow in the form of a dividend. In this sense, preferred stock acts similarly to a fixed-income security, such as a bond, which distributes a regular coupon payment.
Preferred stock trades the same way as common stock, usually through a brokerage firm and with the same transaction costs. Because the properties generally associated with these stocks will affect the way investors value them, the prices of common and preferred stock offered by the same company will differ. Preferred stocks tend to be more stable because of the regular income stream, while common stock can be relatively more volatile.
Common and preferred stocks offer different things to different people. Receiving steady income is attractive to some investors, whereas if there is a possibility for company growth, great capital gains may appeal to others.
To learn more, check out the Stock Basics Tutorial.
http://www.investopedia.com/ask/answers/04/071604.asp
preferred shares
Just got off the phone 20 min ago with Sandy the preferred shares have symbol and you should see it soon
Introduction To Convertible Preferred Shares
May 27, 2005 | By Ben McClure, Contributor - Investopedia Advisor
Buying stocks always poses the risk of losing money, but avoiding stocks altogether means missing out on the opportunity to make good profits. There is one security, however, that may help solve this dilemma for some investors: convertible preferred shares give the assurance of a fixed rate of return plus the opportunity for capital appreciation. Here we review what these securities are, how they work and how to determine when a conversion is profitable.
What Convertible Preferred Shares Are
These shares are corporate fixed-income securities that the investor can choose to turn into a certain number of shares of the company's common stock after a predetermined time span or on a specific date. The fixed-income component offers a steady income stream and some protection of the investors' capital. But the option to convert these securities into stock gives the investor the opportunity to gain from a rise in share price.
Convertibles are particularly attractive to those investors who want to participate in the rise of hot growth companies while being insulated from a drop in price should the stocks not live up to expectations.
The Opportunity for the Investor
To demonstrate how convertible preferred shares work and how they benefit investors, let's consider an example.
Let's say Acme Semiconductor issues one million convertible preferred shares priced at $100 a share. These convertible preferred shares (as they are fixed-income securities) give their holders priority over common shareholders in two ways. First, convertible preferred shareholders receive a 4.5% dividend (provided Acme's earnings continue to be sufficient) before any dividend is paid to common shareholders. Second, convertible-preferred shareholders will rank ahead of common shareholders in the return of capital if Acme ever went bankrupt and its assets had to be sold off. That said, convertible-preferred shareholders, unlike common shareholders, rarely have voting rights.
By buying Acme convertible preferred shares, the worst investors would ever do is receive a $4.50 annual dividend for each share they own. But these securities offer their owners the possibility of even higher returns: if the convertible preferred shareholders see a rise in Acme's stock, they may have the opportunity to profit from that rise by turning their fixed-income investment into equity. On the reset date shareholders of Acme convertible preferred shares have the option of converting some or all of their preferred shares to common stock.
Determining the Profit of Converting
The conversion ratio represents the number of common shares shareholders may receive for every convertible preferred share. The conversion ratio is set by management prior to issue, typically with guidance from an investment bank. For Acme, let's say the conversion ratio is 6.5, which allows investors to trade in the preferred shares for 6.5 shares of Acme stock.
The conversion ratio shows what price the common stock needs to be trading at in order for the shareholder of the preferred shares to make money on the conversion. This price, known as the conversion price, is equal to the purchase price of the preferred share, divided by the conversion ratio. So for Acme, the market conversion price is $15.38 ($100/6.5).
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In other words, Acme common shares need to be trading above $15.38 for investors to gain from a conversion. If they do convert and the common shares drop below $15.38, they will suffer a capital loss on their $100-per-share investment. If common shares finish at $10, for instance, then convertible preferred shareholders' receive only $65 ($10 x 6.5) worth of common share in exchange for their $100 preferred shares. (The $100 represents the parity value of the preferred shares.)
The Conversion Premium
Convertible preferred shares can be sold on the secondary market, and their market price and behavior is determined by the conversion premium, the difference between the parity value and the value of the preferred shares if they were converted. As we show above, the value of the converted preferred share is equal to the market price of common shares multiplied by the conversion ratio. Let's say Acme's stock currently trades at $12, which means the value of the preferred shares is $78 ($12 x 6.5). As you can see, this is well below the parity value. So, if Acme's stock is trading at $12, the conversion premium is 22% [($100 - $78)/100].
The lower the premium, the more likely the convertible's market price will follow the common stock value up and down. Higher-premium convertibles act more like bonds since it's less likely that they will offer the chance for a profitable conversion. That means that interest rates too can impact the value of convertible preferred shares: like the price of bonds, the price of convertible preferred shares will normally fall as interest rates go up: the fixed dividend looks less attractive than the rising interest rates (for more on the effect of interest rates on fixed-income instruments, see the tutorial Advanced Bond Concepts). Conversely, as rates fall, convertible preferred shares become more attractive.
Conclusion
Convertibles appeal to investors who want to participate in the stock market without feeling as though they are taking wild risks. The securities trade like stocks when the price of common shares moves above the conversion price. If the stock price slips below the conversion price, the convertible trades just like a bond, effectively putting a price floor under the investment.
By Ben McClure, Contributor - Investopedia Advisor
http://www.investopedia.com/articles/stocks/05/052705.asp
A Primer On Preferred Stocks
April 26, 2006 | By Tom Drinkard
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Within the vast spectrum of financial instruments, preferred stocks occupy a unique place. Because of their characteristics, they straddle the line between stocks and bonds. Technically, they are equity securities, but they share many characteristics with debt instruments. Some investment commentators refer to them as hybrid securities. In this article, we provide a thorough overview of preferred shares and compare them to some better-known investment vehicles.
Because so much of the commentary about preferreds compares them to bonds and other debt instruments, let's first look at the similarities and differences between preferreds and bonds.
Bonds and Preferreds: Similarities
Interest Rate Sensitivity
Preferreds are issued with a fixed par value and pay dividends based on a percentage of that par at a fixed rate. Just like bonds, which also make fixed payments, the market value of preferred shares is sensitive to changes in interest rates. If interest rates rise, the value of the preferred shares would need to fall to offer investors a better rate. If rates fall, the opposite would hold true. However, the relative move of preferred yields is usually less dramatic than that of bonds. (For further reading, check out Trying To Predict Interest Rates.)
Callability
Preferreds technically have an unlimited life because they have no fixed maturity date, but they may be called by the issuer after a certain date. The motivation for the redemption is generally the same as for bonds; a company calls securities that pay higher rates than what the market is currently offering. Also, as is the case with bonds, the redemption price may be at a premium to par to enhance the preferred's initial marketability. (To read more, see Call Features: Don't Get Caught Off Guard.)
Senior Securities
Like bonds, preferreds are senior to common stock; however, bonds have more seniority than preferreds. The seniority of preferreds applies to both the distribution of corporate earnings (as dividends) and the liquidation of proceeds in case of bankruptcy. With preferreds, the investor is standing closer to the front of the line for payment than common shareholders, although not by much.
Convertibility
As with convertible bonds, preferreds can often be converted into the common stock of the issuing company. This feature gives investors flexibility, allowing them to lock in the fixed return from the preferred dividends and, potentially, to participate in the capital appreciation of the common stock. (For further reading, see Introduction To Convertible Preferred Shares and Convertible Bonds: An Introduction.)
Ratings
Like bonds, preferred stocks are rated by the major credit rating companies, such as Standard & Poor's and Moody's. The rating for preferreds is generally one or two tiers below that of the same company's bonds because preferred dividends do not carry the same guarantees as interest payments from bonds and they are junior to all creditors. (For more insight, read What Is A Corporate Credit Rating?)
Bonds and Preferreds: Differences
Type of Security
As observed earlier, preferred stock is equity; bonds are debt. Most debt instruments, along with most creditors, are senior to any equity.
Payments
Preferreds pay dividends. These are fixed dividends, normally for the life of the stock, but they must be declared by the company's board of directors. As such, there is not the same array of guarantees that are afforded to bondholders. This is because bonds are issued with the protection of an indenture. With preferreds, if a company has a cash problem, the board of directors can decide to withhold preferred dividends; the trust indenture prevents companies from taking the same action on bonds. Another difference is that preferred dividends are paid from the company's after-tax profits, while bond interest is paid before taxes. This factor makes it more expensive for the issuing company to issue and pay dividends on preferred stocks. (To read more, see How And Why Do Companies Pay Dividends?)
Yields
Computing current yields on preferreds is similar to performing the same calculation on bonds: the annual dividend is divided by the price. For example, if a preferred stock is paying an annualized dividend of $1.75 and is currently trading in the market at $25, the current yield is: $1.75/$25 = 7%. In the market, however, yields on preferreds are typically higher than those of bonds from the same issuer, reflecting the higher risk the preferreds present for investors.
Volatility
While preferreds are interest rate sensitive, they are not as price sensitive to interest rate fluctuations as bonds. However, their prices do reflect the general market factors that affect their issuers to a greater degree than the same issuer's bonds.
Accessibility for the Average Investor
Information about a company's preferred shares is easier to access than information about the company's bonds, making preferreds, in a general sense, easier to trade (and perhaps more liquid). The low par values of the preferred shares also make investing easier because bonds, with par values around $1,000, often have minimum purchase amounts (i.e. five bonds).
Common and Preferred Stocks: Similarities
Payments
Both are equity instruments that pay dividends from the company's after-tax profits.
Common and Preferred Stocks: Differences
Payments
Preferreds have fixed dividends and, although they are never guaranteed, the issuer has a greater obligation to pay them. Common stock dividends, if they exist at all, are paid after the company's obligations to all preferred stockholders have been satisfied.
Appreciation
This is where preferreds lose their luster for many investors. If, for example, a pharmaceutical research company discovers an effective cure for the flu, its common stock will soar, while the preferreds in the same company might only increase by a few points. The lower volatility of preferred stocks may look attractive, but preferreds will not share in a company's success to the same degree as common stock.
Voting
Whereas common stock is often called voting equity, preferred stocks usually have no voting rights.
Types of Preferred Stock
Although the possibilities are nearly endless, these are the basic types of preferred stocks:
Cumulative: Most preferred stock is cumulative, meaning that if the company withholds part, or all, of the expected dividends, these are considered dividends in arrears and must be paid before any other dividends. Preferred stock that doesn't carry the cumulative feature is called straight, or noncumulative, preferred.
Callable: The majority of preferred shares are redeemable, giving the issuer the right to redeem the stock at a date and price specified in the prospectus.
Convertible: The timing for conversion and the conversion price specific to the individual issue will be laid out in the preferred stock's prospectus.
Participating: Preferred stock has a fixed dividend rate. If the company issues participating preferreds, those stocks gain the potential to earn more than their stated rate. The exact formula for participation will be found in the prospectus. Most preferreds are non-participating.
Adjustable-Rate Preferred Stock (ARPS): These relatively recent additions to the spectrum pay dividends based on several factors stipulated by the company. Dividends for ARPSs are keyed to yields on U.S. government issues, providing the investor limited protection against adverse interest rate markets.
Why Preferreds?
A company may choose to issue preferreds for a couple of reasons:
Flexibility of payments: Preferred dividends may be suspended in case of corporate cash problems.
Easier to market: The majority of preferred stock is bought and held by institutions, which may make it easier to market at the initial public offering.
Institutions tend to invest in preferred stock because IRS rules allow U.S. corporations that pay corporate income taxes to exclude 70% of the dividend income they receive from their taxable income. This is known as the dividend received deduction, and it is the primary reason why investors in preferreds are primarily institutions.
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The fact that individuals are not eligible for such favorable tax treatment should not automatically exclude preferreds from consideration. In many cases, the individual tax rate under the new rules is 15%. That compares favorably with paying taxes at the ordinary rate on interest received from corporate bonds. However, because the 15% rate is not an across-the-board fact, investors should seek competent tax advice before diving into preferreds. (For more insight, see The JGTRRA: Reducing Dividend Tax Rates.)
Preferred Stock Pros
Higher fixed-income payments than bonds or common stock
Lower investment per share compared to bonds
Priority over common stocks for dividend payments and liquidation proceeds
Greater price stability than common stocks
Greater liquidity than corporate bonds of similar quality
Preferred Stock Cons
Callability
Lack of specific maturity date makes recovery of invested principal uncertain
Limited appreciation potential
Interest rate sensitivity
Lack of voting rights
Conclusion
An individual investor looking into preferred stocks should carefully examine both their advantages and drawbacks. There are a number of strong companies in stable industries that issue preferred stocks that pay dividends above investment-grade bonds. The starting point for research on a specific preferred is the stock's prospectus, which you can often find online. If you're looking for relatively safe returns, you shouldn't overlook the preferred stock market.
By Tom Drinkard
yo. . to clear the air. .
i was going to try to delete this board after the BKMPP
board was deleted by management, but then u kind folk showed up.
guess we will stay. .
Admins also have that right.
apparently the first 2 posts (likely made by the board mod) were deleted for some reason????? Funny thing is the mod is the one who has the authority to delete.. makes you go hmmmm.
LOL... I appreciate the vote of confidence but I just came here like you did... Not created by me. Go BKMPP.
Its not often that retail investors get to collect preferred stock on the pinks. :)
Not yet, hopefully Mr Winick will eventually grace us with some answers soon.
Gooooooo BKMPP.....
http://www.investorshub.com/boards/read_msg.asp?message_id=13665503
whats going on with the BKMPP preferrred shares - are they trading or not? I am sifting through the board and I cannot find any info! tia.
newsmile, yes. I added to favorites, just to learn more about Preferred's.
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