Introduction
This month we have already looked at the main groups of fixed-income securities: the fixed-rate preferred stocks, the fixed-to-floating preferred stocks and units, and all baby bonds into three separate articles. In our fourth monthly article, I review the less popular fixed-income securities, sorted into several categories: Floored preferred stocks, third parties, trust preferred stocks, and the preferred units, including those with a K-1. This makes a total of 82 securities, 50 of which are part of the largest primary exchange-traded fixed-income ETF: the iShares Preferred and Income Securities ETF (PFF). As