PFFD News and Press, Global X U.S. Preferred From 09/05/22

Summary Basket of old Minimum Coupon Floating Rate issues are finally starting to float on a forward-looking basis. Looking at issues tied to Bank of America suggests the floating rate securities should begin to resist principal loss if rates continue to move higher. With the ...

Summary ALTY gets the majority of its exposure in preferred shares, emerging market bonds and a REIT focused dividend ETF. Underlying instruments themselves have good yield to support the monthly distribution at almost 8%. The preferred shares are exposed to financials which w...

Summary I own PFFD alongside shares of PFXF to give my portfolio extra diversification. The current yield of 5.76% is attractive. For investors "waiting out the bear market," I find short-term Treasury yields of 3.5% to be more attractive. Introduction This past ...

Summary A significant amount of the Fixed-To-Floating Rate Preferred and Baby Bond securities tied to 3-Month Libor are above initial coupon rate when they float. Recent legislation removes risk associated with Libor linked securities post elimination. Area of interest in Fixe...

Stocks have retraced a little over half of this year's decline, leading bulls to all but declare victory. However, the global economy has the same structural problems it had in June when stocks were nearly 15% cheaper. Prices are increasingly disconnected from fundamentals. Common...

Variable rate preferreds tend to offer an attractive mix of higher yield potential and lower duration than other income-oriented asset classes. In analyzing historical performance during rising rate environments, we found that variable rate preferreds typically outperformed broad fixe...

The global economy and financial markets have suffered a dreadful H1 2022, ravaged by a severe commodity shock, strict COVID-19 lockdowns in the world’s second-largest economy, and one of the most aggressive Fed tightening cycles in recent history. H2 looks equally tough. In it...

FIRE is a lifestyle movement that advocates using passive income to retire decades before the "normal" age. What is the FIRE movement? How are people pulling off retiring at a young age? What are the biggest challenges? The different types of FIRE, and how it intersects with other...

PFFA generated high returns, as preferred stock helped this ETF earn higher coupons, sail through the market turbulence and generate an attractive pay-out. Preference shares involve risk of dividend deferral as well as risk of falling price and falling yield of preferreds in a rapidly...

PFFD has fallen from $26 to $20 per share since Nov 1, 2021. Credit quality has been robust, and dividends have not been cut. Looming recession fears have created a short-term buying opportunity. For further details see: PFFD: Starting To Nibble At Preferred Shares