AG, I also own both SFI and NRF pfds (no common, just cashed out on SFI) but i'm looking to trim my position in SFI pfd. I'd rather have less yield but with a lot more safety in something like NRFpA. SFI, even the pfd, is looking more and more risky, esp. after the last report. I'll try to keep it under 5% of my portfolio. What do you think about SHO and HPT pfds?