Guest Post: Rates Go Higher, Preferreds Pullback, Opportunities Arise

Mar 26, 2021

∙ Paid

Summary

Higher rates have caused a decline in the preferreds market creating some opportunities.
In a rising rate environment, focus on issues with limited duration, high coupons and ones that are pinned to par.
We review PRIF-E, RILYM, RCA, SCCC, CMO-E, CIM-A, NYMTO, ATCO-D, SESCF, GSLD, BSA, UMH-C, DX-B, and EBGEF.
RILYM and SESCF go ex-div 1/14.

Guest pos…