American Capital Agency Corp. Message Board
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OT...$$$....More on Preferreds
Hey Onion or others interested,
Did you ever look into SPFF? I purchased last week. A couple others I will likely add this next week are PVTBP @ 9.56% current yield. This is a financial holding trust which provide loans through their subsidiaries.
I like companies which have a long history of maintaining their dividends and a steady PPS history(excepting the 2009 crash when you were scooping these up...you dog...;-)).
Check them out and let me know what you think. PVTBP with almost a 10% yield is pretty appealing, IMO. It is callable on 6/2013, so you could give back 1.15(26.15 current PPS). Three dividends of .625 before then, so there is that risk. What do you think?
Best,
DocReits-
at 26.14 if called on 6/15/13 your yield will be 4.52% ( still not bad for 9 months)
However look up PVTB the equity, Do your due dilly....
seems strong on the surface. -
I rarely mention mutuals, but there is one that I hold that has been remarkably profitable...FRIFX. This is a real estate fund that pays a quarterly dividend. The yield on dividend is not remarkable, but the capital growth is and with an expected turnaround in real estate on the horizon, this might be one to consider. I have cleared 60% gain in 2 years (reinvested dividends). Check out their major holdings and it gives a clue as to their consistency. They just paid their largest dividend in 5 years and appear to be on an upward trajectory. Risk seems relatively low.
- 1 Reply to eagledragon1
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They own AGNCP as well
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Also entering a position on NCV. I can't pass up almost 12% with such a consistent history of constant dividend price and PPS stability. Well, during the 2009 crash it went down below 4.00/share, and was still paying .09/month, yielding 27% at that time...wow...bring it on...;-)
DocReits- 2 Replies to reits_r_us
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Be advised NCZ/NCV are closed-end funds selling at 10%+ premium to NAV and the portfolio is comprised of over 46% junk bonds. Not posting this as a criticism but it always boils down to risk vs reward. And in this scenario, the 12% yield is not without risk. On a positive note, they do pay distributions in cash monthly without return of capital.
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NCV of course is a bond fund and not a Preferred. Its sister is NCZ yielding 12.2% currently.
DocReits
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