Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: don’t expect interest rates to move much before mid to late summer. When bond yields do bounce, you’ll barely notice. Yields on short-term debt might climb a quarter of a percentage point. Rates for long-term Treasury and corporate bonds and mortgage securities might work their way up by a half-point. For income investors, that is a benign outlook. Regards, Ted http://www.kiplinger.com/printstory.php?pid=13121
@heezsafe: It means that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. Regards, Ted
@Ted Thanks. The half that I thought I had right I had entirely wrong. But at least my instincts are working, which tell me I should not invest in prfds until I'm confident I have advanced a bit beyond functional idiocy. Obviously, still have a ways to go.
Comments
"non-cumul dollar preference share"--- what exactly does that mean?
Regards,
Ted