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. :)
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM