RE:RE:RE:RE:RE:RE:Wake Up TimeHonestly, this is the first time I've ever purchased preferred shares, so I hope I got it right :) I've considered preferreds in the past, and have read some prospectuses, but did not see any big advantagea of the ones I did look at, It's alot of work too given the large number of issuances involved, compared to just buying common shares and getting decent yields, at least when the nation was stuck at virtually zero interest rates and infliation. I held bond funds for some time before the great recession hit, but never since. I'm looking back into that now too. It's a different world now, and it seems appropriate to explore alternatives.
PS: I noticed that there is a potential option to convert these two series to floating rate at reset... In fact there's even the possibility you are 'auto-converted' to floating depending on what a large majority of other holders choose to do. I'm not sure what the risk may be in that respect.