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I suspect the latest "Surge" is due to the latest "Favorable" report from this weeks Barron report.I got in @ $918.No reason why it vaulted to the current price. Next div is in Oct.
It is still selling at a discount to the $1,000 face value. Additionally the dividend is safe and in today's rate environment quite juicy at over 7.25%.I've bought this at various points with the latest being around $900 and the lowest being just over $180.Now I am using it as a place to park some of my cash and earn good interest.
Why not? It could have a value in common shares too?