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American Capital Agency Corp. Message Board

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  • xxavatarxx xxavatarxx May 17, 2012 4:01 PM Flag

    OT- Hey Ephort - preferred for you...

    Ye hard to say when / if they will buy back.

    I have Zion Bank E preffies. They just announced they are buying them back and they also just issued new preffies with a lower yield.
    And my fifth third bankcorp got called maybe half a year or a year ago.
    Those one's were yielding like 10% - 11% so it's understandable why they called them.

    I get the feeling that sooner or later the banks that issued all those preffies in the 2008 - 2010 period with high yields will just buy them back.

    Like in BofA's case, I don't see why they would want to keep paying out an 8.6% yield unless the major owner of BML.Q is their board of directors or some other insider who enjoys the yield. : )

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