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FYI: Income investors are well aware of the benefits of using preferred stocks in their portfolio to generate dividends and capital appreciation. These hybrid instruments have characteristics of both equity and debt in that they pay a fixed coupon but are higher on the capital structure than common stock holders. Regards, Ted http://www.marketwatch.com/story/3-preferred-stock-etfs-cap-off-strong-year-2014-12-30-12462444/print
