AGNCO - Dynex Vs. PennyMac Preferred Shares: Is This A Free Lunch?

Summary

• Mortgage REITs are a terrible business and most common shares remain money pits.
• There are a few we tend to trade from time to time and their preferred shares take the safety up another notch.
• We examine two preferred shares with solid yields and tell you whether the higher-yielding one is worth a dive.

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