IVR - Preferreds Weekly Review: Are Banks Going To Suspend Preferred Dividends?

2023-04-09 01:09:08 ET

Summary

• We take a look at the action in preferreds and baby bonds through the last week of March and highlight some of the key themes we are watching.
• Preferreds had a strong week as bank fears continue to recede.
• Many investors worry that banks may want to suspend their preferred dividends to protect their liquidity position in light of depositor flight.
• We also take a look at the mortgage REIT IVR common share dividend cut and highlight a portfolio rotation.

For further details see: