Introduction
Preferred stocks and baby bonds are great investment vehicles for investors who want regular dividends from their portfolio. These types of assets are positioned higher in the capital structure compared to the common shares which is a fact that makes them suitable for the moderate risk and more conservative portfolios.
The fixed income marketplace has been a very dynamic place lately. Many of the companies have decided to take advantage of the lower interest rates and to call some of their high nominal preferreds and to issue new ones with lower nominal. If we