RE:Preferred Shelf?You have valid points but l hope your wrong about no dividend. Dividends paid out annually are a nice even income stream many investors count on. Although not as tax friendly as capital gains, if managed properly you can be in a lower tax bracket and pay less over several years. A big capital gain in any given year can bump you up several tax brackets and you pay more on ALL your income, wages, pensions, interest, divs etc. May even result in the dreaded pension clawback. My advise is plan carefully. And BYW please increase this cheap A$$ Dividend WFG pays. GLTA