Preferreds Market Update

By Landlord Investor

Summary

• The preferreds market is near 52 week highs and vulnerable to a rate-inspired pullback.

• In this environment, I favor higher yielding securities with limited duration or ones anchored to par due to call risk.

• We review GSL-B, SBBA, and AIC.

• Update on the SESCF exchange offer.

The preferreds market continues to trade near 52 week highs even with the th…