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He uses them for some of his balanced portfolios. A hidden gem. Interest rates are rising, and some of these issues have a 5-year reset and are rolling higher. A very strong company. Preferred share pays an attractive dividend, with a floor to protect you if rates decline, but which will benefit if rates go higher. Stock's been weak. Dividends haven't offset decline in share price. As interest rates roll down, share price will re-inflate. Good medium-term trade, and pick up great dividends while you wait.
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