RE:RE:RE:RE:RE:RE:RE:RE:RE:Class A Share ConsolidationI've focused more on the bank preferred shares, especially when they dropped in April. They are backed by the stability of the banks and are actually more secure than the bank common shares as the common dividend has to be eliminated before the preferred shares are cut, and even then the preferred dividend is still owed. The preferred pay around 5% but were up to 8% in April.
As far as FTN goes, the preferred FTN.PR.A is relativly safe and will usually hang around the $10 mark which is it's NAV, plus occationally get an increase id divvy, I own a bit of FFN.PR.A as well. The common FTN and FFN are only good for speculation for when a divvy is re-instated. Anything purchased below $5 should eventually get to the $5 level.
In hindsight, the Quadravest fund which was actually worth holding was DFN, which over 16 years has only missed 3 monthly 10 cent dividends earlier this years and has also paid out $3.25 in special dividends. I knoe if I buy any of it it will immediatley drop and stop payments.