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FYI Just one example is my a recent purchases of Apollo Commercial Real Estate Preferred Stock (ARI-A) 8.625%. I bought it last month, 4/3/14 @$25.64 a slight premium it is presently selling @$26.13 a 1.90% gain with a annual yield based on my purchase price of 8.28%. I also have a major stake in PFF. Regards, Ted http://www.kiplinger.com/printstory.php?pid=12389
For those who want a diversified portfolio of preferreds, KIFYX, and CPXAX are worth considering, as is PFF. The latter does have most of the large preferreds that have had the biggest run-ups in the last few years, so I might look to the two mutual fund options.
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