RE:Like the floating rate preferredsI own the ALA.PR.H which is paying me 10% and I'm planning to buy more. I also own calls on the stock as well. The stock is trading at a deep discount and in my opinion is a serious candidate to be takenover. ALA would be a perfect fit for a company like Brookfield Renewables or hell even Berkshire who knows.
I like the series H because the rate reset is coming up in September of next year. And if rates are still high which I firmly believe will be, you just might see this series redeemed which would be at $25. Or holders have the option to switch back to the series G, but I doubt that will happen in my case.
How can I lose!