AGNCP looks pretty good to me. The price at close $25.89 gives you a 7.72% yield. A new Prefered issue can not be called before 5 years. Three dividends have been paid so at least 17 more for sure. If rising interest rates it might not be called. It is "Cummulative" if the BOD fails to pay a Dividend on AGNCP it has to be paid with interest at a later time. They cant declare a common Dividend if money owed on a"Commulative" Preferred share. The only way to lose its PPS would go down with rising interest. AGNC doing a BK would be the only chance of a loss of Parr or due Dividends and Interest. I plan to put this on my watchlist.
Onion !!! The coupon rate is 8%. The current yield is 7.72%. At present AGNCP sports a .89 cent premium,as time goes on closer to possable 5 year first call, the pps will go to or near Parr $25 if conditions look like a call. I dont think amortizing i see losing one and a half Dividend payments if i dont trade down. I always try to trade on a run up between Dividends and bay back lower. I dont want to eat the dog at call time. Sometimes i miss most of the time i dont.