FYI: Infrastructure Capital CEO Jay Hatfield, like many Barron’s readers, is a big fan of preferreds.
“They can be a great addition to a fixed-income portfolio and are generally underepresented in retail investor accounts,” he says. They offer high yields of around 6% and returns don’t have strong correlations with either bonds, giving them extra value as diversifiers.
Regards,
Ted
http://blogs.barrons.com/incomeinvesting/2017/02/14/the-case-for-reit-preferreds/tab/print/
